Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (IST:AVTUR) Days Payable : 1.97 (As of Dec. 2023)

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What is Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Days Payable?

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺0.22 Mil. Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺10.19 Mil. Hence, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable for the three months ended in Dec. 2023 was 1.97.

The historical rank and industry rank for Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable or its related term are showing as below:

IST:AVTUR' s Days Payable Range Over the Past 10 Years
Min: 13.92 Med: 39.08 Max: 253.46
Current: 13.92

During the past 13 years, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's highest Days Payable was 253.46. The lowest was 13.92. And the median was 39.08.

IST:AVTUR's Days Payable is ranked worse than
85.11% of 470 companies
in the Asset Management industry
Industry Median: 70.455 vs IST:AVTUR: 13.92

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable declined from Dec. 2022 (1.99) to Dec. 2023 (1.97). It may suggest that Avrasya Petrol ve Turistik Tesisler Yatirimlar AS accelerated paying its suppliers.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Days Payable Historical Data

The historical data trend for Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Days Payable Chart

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.45

88.99

33.58

5.11

7.52

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															1.99	17.00	15.73	10.49	1.97

Competitive Comparison of Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable

For the Asset Management subindustry, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable falls into.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.332	+	0.261)	/	2 )	/	14.398	*	365
=	0.2965					/	14.398	*	365
=	7.52

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.18	+	0.261)	/	2 )	/	10.191	*	365 / 4
=	0.2205					/	10.191	*	365 / 4
=	1.97

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Days Payable Related Terms

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Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (IST:AVTUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (IST:AVTUR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Büyükdere Cad. No: 171, Metro City A Blok Kat:7, 1.Levent, Istanbul, TUR, 06250

Website

http://www.avtur.com.tr

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS is a closed-end investment trust that is engaged in portfolio development of capital market instruments, focusing on gold & other precious metals traded on domestic & foreign Stock exchange.

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