Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Days Payable : 155.66 (As of Sep. 2023)

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What is Meka Betonntralleri Imalatnayi ve Ticaret AS Days Payable?

Meka Betonntralleri Imalatnayi ve Ticaret AS's average Accounts Payable for the three months ended in Sep. 2023 was ₺294.8 Mil. Meka Betonntralleri Imalatnayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺172.8 Mil. Hence, Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Payable for the three months ended in Sep. 2023 was 155.66.

The historical rank and industry rank for Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Payable or its related term are showing as below:

IST:MEKAG' s Days Payable Range Over the Past 10 Years
Min: 93.89 Med: 108.53 Max: 274.18
Current: 274.18

During the past 3 years, Meka Betonntralleri Imalatnayi ve Ticaret AS's highest Days Payable was 274.18. The lowest was 93.89. And the median was 108.53.

IST:MEKAG's Days Payable is ranked better than
91.35% of 370 companies
in the Building Materials industry
Industry Median: 66.355 vs IST:MEKAG: 274.18

Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Payable increased from Jun. 2022 (0.00) to Sep. 2023 (155.66). It may suggest that Meka Betonntralleri Imalatnayi ve Ticaret AS delayed paying its suppliers.

Meka Betonntralleri Imalatnayi ve Ticaret AS Days Payable Historical Data

The historical data trend for Meka Betonntralleri Imalatnayi 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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Meka Betonntralleri Imalatnayi ve Ticaret AS Days Payable Chart

Meka Betonntralleri Imalatnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

160.61

108.53

93.89

Meka Betonntralleri Imalatnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	100.53	-	155.66

Competitive Comparison of Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Payable

For the Building Materials subindustry, Meka Betonntralleri Imalatnayi 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Payable falls into.

Meka Betonntralleri Imalatnayi 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.

Meka Betonntralleri Imalatnayi ve Ticaret 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
=	( (94.407	+	191.448)	/	2 )	/	555.614	*	365
=	142.9275					/	555.614	*	365
=	93.89

Meka Betonntralleri Imalatnayi ve Ticaret 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
=	( (305.233	+	284.283)	/	2 )	/	172.786	*	365 / 4
=	294.758					/	172.786	*	365 / 4
=	155.66

Meka Betonntralleri Imalatnayi ve Ticaret AS Days Payable Related Terms

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Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Meka Beton Santralleri Imalat Sanayi ve Ticaret AS (IST:MEKAG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ismet Inonu Blv No. 12, Malikoy Baskent Osb, Ankara, TUR, 06909

Website

https://www.mekaglobal.com/tr

Meka Beton Santralleri Imalat Sanayi ve Ticaret AS is a company engaged in the Production of Concrete Plants and Equipment for Ready-Mixed Concrete Production, Construction and Precast Industries. It has ability and experience to design and produce plants and equipment for every capacity and production type in the production of concrete plants and equipment. MEKA produces crushing, screening and washing equipment for aggregate production, mining and recycling industries.

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