Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS (IST:TUCLK) Days Payable : 48.23 (As of Dec. 2023)

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What is Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Days Payable?

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺311 Mil. Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺589 Mil. Hence, Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Days Payable for the three months ended in Dec. 2023 was 48.23.

The historical rank and industry rank for Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Days Payable or its related term are showing as below:

IST:TUCLK' s Days Payable Range Over the Past 10 Years
Min: 37.68 Med: 115.72 Max: 180.36
Current: 100.67

During the past 11 years, Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's highest Days Payable was 180.36. The lowest was 37.68. And the median was 115.72.

IST:TUCLK's Days Payable is ranked better than
62.99% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs IST:TUCLK: 100.67

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Days Payable increased from Dec. 2022 (41.57) to Dec. 2023 (48.23). It may suggest that Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS delayed paying its suppliers.

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Days Payable Historical Data

The historical data trend for Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret 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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Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Days Payable Chart

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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136.05

180.36

170.44

111.21

124.35

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret 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															41.57	169.31	156.67	100.17	48.23

Competitive Comparison of Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Days Payable

For the Metal Fabrication subindustry, Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret 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.

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Days Payable falls into.

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret 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.

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret 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
=	( (492.781	+	353.738)	/	2 )	/	1242.422	*	365
=	423.2595					/	1242.422	*	365
=	124.35

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret 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
=	( (269.045	+	353.738)	/	2 )	/	589.161	*	365 / 4
=	311.3915					/	589.161	*	365 / 4
=	48.23

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Days Payable Related Terms

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Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS (IST:TUCLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tugcelik Aluminyum ve Metal Mamulleri Sanayi ve Ticaret AS (IST:TUCLK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Emek Mh. Nato Yolu No:282, Sancaktepe, Istanbul, TUR

Website

http://www.tugcelik.com.tr

Tugcelik Aluminyum ve Metal Mamulleri Sanayi ve Ticaret A.S. is engaged in the manufacturing of aluminium and zamak die casting parts. It offers the products to automotive, home appliances, telecommunication, farm implements, and mechanical industries.

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