Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Days Payable : 109.38 (As of Sep. 2023)

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What is Ozak Gayrimenkul Yatirim Ortakligi Days Payable?

Ozak Gayrimenkul Yatirim Ortakligi's average Accounts Payable for the three months ended in Sep. 2023 was ₺392 Mil. Ozak Gayrimenkul Yatirim Ortakligi's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺327 Mil. Hence, Ozak Gayrimenkul Yatirim Ortakligi's Days Payable for the three months ended in Sep. 2023 was 109.38.

The historical rank and industry rank for Ozak Gayrimenkul Yatirim Ortakligi's Days Payable or its related term are showing as below:

IST:OZKGY' s Days Payable Range Over the Past 10 Years
Min: 32.82 Med: 71.27 Max: 193.96
Current: 193.96

During the past 13 years, Ozak Gayrimenkul Yatirim Ortakligi's highest Days Payable was 193.96. The lowest was 32.82. And the median was 71.27.

IST:OZKGY's Days Payable is ranked better than
65.58% of 523 companies
in the REITs industry
Industry Median: 128.55 vs IST:OZKGY: 193.96

Ozak Gayrimenkul Yatirim Ortakligi's Days Payable increased from Sep. 2022 (43.79) to Sep. 2023 (109.38). It may suggest that Ozak Gayrimenkul Yatirim Ortakligi delayed paying its suppliers.

Ozak Gayrimenkul Yatirim Ortakligi Days Payable Historical Data

The historical data trend for Ozak Gayrimenkul Yatirim Ortakligi'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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Ozak Gayrimenkul Yatirim Ortakligi Days Payable Chart

Ozak Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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163.17

72.14

32.82

34.88

56.36

Ozak Gayrimenkul Yatirim Ortakligi Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															43.79	-	165.69	147.93	109.38

Competitive Comparison of Ozak Gayrimenkul Yatirim Ortakligi's Days Payable

For the REIT - Diversified subindustry, Ozak Gayrimenkul Yatirim Ortakligi'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.

Ozak Gayrimenkul Yatirim Ortakligi's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ozak Gayrimenkul Yatirim Ortakligi's Days Payable distribution charts can be found below:

* The bar in red indicates where Ozak Gayrimenkul Yatirim Ortakligi's Days Payable falls into.

Ozak Gayrimenkul Yatirim Ortakligi 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.

Ozak Gayrimenkul Yatirim Ortakligi'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
=	( (77.512	+	315.787)	/	2 )	/	1273.516	*	365
=	196.6495					/	1273.516	*	365
=	56.36

Ozak Gayrimenkul Yatirim Ortakligi'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
=	( (418.464	+	366.329)	/	2 )	/	327.36	*	365 / 4
=	392.3965					/	327.36	*	365 / 4
=	109.38

Ozak Gayrimenkul Yatirim Ortakligi Days Payable Related Terms

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Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kazlicesme Mah. Kennedy Cad. No:52C, D:1 Zeytinburnu, Istanbul, TUR, 34020

Website

http://www.ozakgyo.com

Ozak Gayrimenkul Yatirim Ortakligi is a Turkey-based Real Estate Investment Trust. It maintains its land and project development studies in Housing, Commercial, Tourism, and Merchandise areas. Some of the projects of the company include Hayat Tepe Suites, Ozak Hayat Tepe, Bulvar216 and 34 Portall.

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