Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Days Payable : 2.59 (As of Dec. 2023)

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What is Merit Turizm Yatirim ve Isletme AS Days Payable?

Merit Turizm Yatirim ve Isletme AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺0.2 Mil. Merit Turizm Yatirim ve Isletme AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺6.8 Mil. Hence, Merit Turizm Yatirim ve Isletme AS's Days Payable for the three months ended in Dec. 2023 was 2.59.

The historical rank and industry rank for Merit Turizm Yatirim ve Isletme AS's Days Payable or its related term are showing as below:

IST:MERIT' s Days Payable Range Over the Past 10 Years
Min: 7.99 Med: 23.31 Max: 224.84
Current: 11.79

During the past 11 years, Merit Turizm Yatirim ve Isletme AS's highest Days Payable was 224.84. The lowest was 7.99. And the median was 23.31.

IST:MERIT's Days Payable is ranked worse than
92.08% of 758 companies
in the Travel & Leisure industry
Industry Median: 58.07 vs IST:MERIT: 11.79

Merit Turizm Yatirim ve Isletme AS's Days Payable declined from Dec. 2022 (4.21) to Dec. 2023 (2.59). It may suggest that Merit Turizm Yatirim ve Isletme AS accelerated paying its suppliers.

Merit Turizm Yatirim ve Isletme AS Days Payable Historical Data

The historical data trend for Merit Turizm Yatirim ve Isletme 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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Merit Turizm Yatirim ve Isletme AS Days Payable Chart

Merit Turizm Yatirim ve Isletme AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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153.41

224.84

14.58

7.99

20.71

Merit Turizm Yatirim ve Isletme AS Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															4.21	27.08	7.10	6.44	2.59

Competitive Comparison of Merit Turizm Yatirim ve Isletme AS's Days Payable

For the Resorts & Casinos subindustry, Merit Turizm Yatirim ve Isletme 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.

Merit Turizm Yatirim ve Isletme AS's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Merit Turizm Yatirim ve Isletme AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Merit Turizm Yatirim ve Isletme AS's Days Payable falls into.

Merit Turizm Yatirim ve Isletme 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.

Merit Turizm Yatirim ve Isletme 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
=	( (1.568	+	0.383)	/	2 )	/	17.194	*	365
=	0.9755					/	17.194	*	365
=	20.71

Merit Turizm Yatirim ve Isletme 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
=	( (0.001	+	0.383)	/	2 )	/	6.769	*	365 / 4
=	0.192					/	6.769	*	365 / 4
=	2.59

Merit Turizm Yatirim ve Isletme AS Days Payable Related Terms

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Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Merit Turizm Yatirim ve Isletme AS (IST:MERIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Etiler, Street No. 9, Besiktas, Istanbul, TUR, 34337

Website

http://www.meritturizm.com

Merit Turizm Yatirim ve Isletme A.S. is a hotel management company. It owns and operates the Merit Royal hotel and casino, Merit Crystal Cove hotel and casino, The Merit Park hotel and Casino, The Merit Lefkosa andThe Merit Cyprus Gardens.

Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Headlines

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