Turk Hava Yollari AO (IST:THYAO) Days Payable : 54.63 (As of Dec. 2023)

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What is Turk Hava Yollari AO Days Payable?

Turk Hava Yollari AO's average Accounts Payable for the three months ended in Dec. 2023 was ₺37,201 Mil. Turk Hava Yollari AO's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺62,137 Mil. Hence, Turk Hava Yollari AO's Days Payable for the three months ended in Dec. 2023 was 54.63.

The historical rank and industry rank for Turk Hava Yollari AO's Days Payable or its related term are showing as below:

IST:THYAO' s Days Payable Range Over the Past 10 Years
Min: 26.64 Med: 29.81 Max: 50.59
Current: 32.3

During the past 13 years, Turk Hava Yollari AO's highest Days Payable was 50.59. The lowest was 26.64. And the median was 29.81.

IST:THYAO's Days Payable is ranked worse than
58.84% of 933 companies
in the Transportation industry
Industry Median: 38.97 vs IST:THYAO: 32.30

Turk Hava Yollari AO's Days Payable increased from Dec. 2022 (46.74) to Dec. 2023 (54.63). It may suggest that Turk Hava Yollari AO delayed paying its suppliers.

Turk Hava Yollari AO Days Payable Historical Data

The historical data trend for Turk Hava Yollari AO'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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Turk Hava Yollari AO Days Payable Chart

Turk Hava Yollari AO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.54

50.59

44.30

26.64

28.70

Turk Hava Yollari AO 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															46.74	29.53	26.05	27.88	54.63

Competitive Comparison of Turk Hava Yollari AO's Days Payable

For the Airlines subindustry, Turk Hava Yollari AO'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.

Turk Hava Yollari AO's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Days Payable distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Days Payable falls into.

Turk Hava Yollari AO 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.

Turk Hava Yollari AO'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
=	( (22482	+	38060)	/	2 )	/	384952	*	365
=	30271					/	384952	*	365
=	28.70

Turk Hava Yollari AO'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
=	( (36341.355	+	38060)	/	2 )	/	62137.487	*	365 / 4
=	37200.6775					/	62137.487	*	365 / 4
=	54.63

Turk Hava Yollari AO Days Payable Related Terms

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Turk Hava Yollari AO (IST:THYAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Turk Hava Yollari AO (IST:THYAO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TKHVY:USA TU5A:Germany

Address

Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149

Website

https://www.turkishairlines.com

Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.

Turk Hava Yollari AO (IST:THYAO) Headlines

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