Aygaz AS (IST:AYGAZ) Days Payable : 17.36 (As of Dec. 2023)

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What is Aygaz AS Days Payable?

Aygaz AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺5,074 Mil. Aygaz AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺26,668 Mil. Hence, Aygaz AS's Days Payable for the three months ended in Dec. 2023 was 17.36.

The historical rank and industry rank for Aygaz AS's Days Payable or its related term are showing as below:

IST:AYGAZ' s Days Payable Range Over the Past 10 Years
Min: 19.41 Med: 25.48 Max: 37.2
Current: 27.81

During the past 13 years, Aygaz AS's highest Days Payable was 37.20. The lowest was 19.41. And the median was 25.48.

IST:AYGAZ's Days Payable is ranked worse than
87.85% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.43 vs IST:AYGAZ: 27.81

Aygaz AS's Days Payable increased from Dec. 2022 (10.51) to Dec. 2023 (17.36). It may suggest that Aygaz AS delayed paying its suppliers.

Aygaz AS Days Payable Historical Data

The historical data trend for Aygaz 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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Aygaz AS Days Payable Chart

Aygaz AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.45

27.73

37.20

23.63

36.09

Aygaz 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															10.51	37.21	31.65	28.68	17.36

Competitive Comparison of Aygaz AS's Days Payable

For the Utilities - Regulated Gas subindustry, Aygaz 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.

Aygaz AS's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Aygaz AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Aygaz AS's Days Payable falls into.

Aygaz 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.

Aygaz 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
=	( (6607.606	+	5233.291)	/	2 )	/	59871.852	*	365
=	5920.4485					/	59871.852	*	365
=	36.09

Aygaz 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
=	( (4914.416	+	5233.291)	/	2 )	/	26668.186	*	365 / 4
=	5073.8535					/	26668.186	*	365 / 4
=	17.36

Aygaz AS Days Payable Related Terms

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Aygaz AS (IST:AYGAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Aygaz AS (IST:AYGAZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Caddesi No: 145-1, Aygaz Han, Zincirlikuyu, Istanbul, TUR, 34394

Website

https://www.aygaz.com.tr

Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.

Aygaz AS (IST:AYGAZ) Headlines

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