Denge Yatirim Holding AS (IST:DENGE) Days Payable : 44.83 (As of Sep. 2023)

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What is Denge Yatirim Holding AS Days Payable?

Denge Yatirim Holding AS's average Accounts Payable for the three months ended in Sep. 2023 was ₺69.1 Mil. Denge Yatirim Holding AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺140.6 Mil. Hence, Denge Yatirim Holding AS's Days Payable for the three months ended in Sep. 2023 was 44.83.

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

IST:DENGE' s Days Payable Range Over the Past 10 Years
Min: 36.25 Med: 67.14 Max: 73.7
Current: 39.39

During the past 13 years, Denge Yatirim Holding AS's highest Days Payable was 73.70. The lowest was 36.25. And the median was 67.14.

IST:DENGE's Days Payable is ranked worse than
69.02% of 468 companies
in the Asset Management industry
Industry Median: 68.825 vs IST:DENGE: 39.39

Denge Yatirim Holding AS's Days Payable increased from Sep. 2022 (25.02) to Sep. 2023 (44.83). It may suggest that Denge Yatirim Holding AS delayed paying its suppliers.

Denge Yatirim Holding AS Days Payable Historical Data

The historical data trend for Denge Yatirim Holding 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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Denge Yatirim Holding AS Days Payable Chart

Denge Yatirim Holding AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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64.15

70.13

36.25

Denge Yatirim Holding AS Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															25.02	43.01	30.35	33.53	44.83

Competitive Comparison of Denge Yatirim Holding AS's Days Payable

For the Asset Management subindustry, Denge Yatirim Holding 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.

Denge Yatirim Holding AS's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Denge Yatirim Holding AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Denge Yatirim Holding AS's Days Payable falls into.

Denge Yatirim Holding 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.

Denge Yatirim Holding AS's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (20.973	+	38.036)	/	2 )	/	297.102	*	365
=	29.5045					/	297.102	*	365
=	36.25

Denge Yatirim Holding AS's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (53.37	+	84.749)	/	2 )	/	140.573	*	365 / 4
=	69.0595					/	140.573	*	365 / 4
=	44.83

Denge Yatirim Holding AS Days Payable Related Terms

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Denge Yatirim Holding AS (IST:DENGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Denge Yatirim Holding AS (IST:DENGE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower Floor 14 Flat, 1404, Buyukdere Cad. No. 127 B-50 B, Besiktas, Istanbul, TUR, 34330

Website

http://www.dengeholding.com.tr

Denge Yatirim Holding AS provides financial and investment services.

Denge Yatirim Holding AS (IST:DENGE) Headlines

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