Penguen Gida AS (IST:PENGD) Days Payable : 41.46 (As of Dec. 2023)

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What is Penguen Gida AS Days Payable?

Penguen Gida AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺321 Mil. Penguen Gida AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺708 Mil. Hence, Penguen Gida AS's Days Payable for the three months ended in Dec. 2023 was 41.46.

The historical rank and industry rank for Penguen Gida AS's Days Payable or its related term are showing as below:

IST:PENGD' s Days Payable Range Over the Past 10 Years
Min: 29.81 Med: 68.66 Max: 118.16
Current: 58.67

During the past 13 years, Penguen Gida AS's highest Days Payable was 118.16. The lowest was 29.81. And the median was 68.66.

IST:PENGD's Days Payable is ranked better than
62.52% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs IST:PENGD: 58.67

Penguen Gida AS's Days Payable increased from Dec. 2022 (17.40) to Dec. 2023 (41.46). It may suggest that Penguen Gida AS delayed paying its suppliers.

Penguen Gida AS Days Payable Historical Data

The historical data trend for Penguen Gida 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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Penguen Gida AS Days Payable Chart

Penguen Gida AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.56

64.15

64.75

29.81

59.51

Penguen Gida 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															17.40	86.43	164.42	63.66	41.46

Competitive Comparison of Penguen Gida AS's Days Payable

For the Packaged Foods subindustry, Penguen Gida 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.

Penguen Gida AS's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Penguen Gida AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Penguen Gida AS's Days Payable falls into.

Penguen Gida 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.

Penguen Gida 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
=	( (183.768	+	241.381)	/	2 )	/	1303.887	*	365
=	212.5745					/	1303.887	*	365
=	59.51

Penguen Gida 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
=	( (401.568	+	241.381)	/	2 )	/	707.546	*	365 / 4
=	321.4745					/	707.546	*	365 / 4
=	41.46

Penguen Gida AS Days Payable Related Terms

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Penguen Gida AS (IST:PENGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Penguen Gida AS (IST:PENGD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balkan Mah., Mumin Gencoglu Caddesi No: 1, Nilufer, Bursa, TUR, 16240

Website

http://www.penguen.com.tr

Penguen Gida AS processes food. The company product categories include jam, preserved vegetables, ready meals, preserved boiled legumes, tomato and pepper paste, pickles and frozen food. It exports its product to Germany, the USA, France, the Netherlands, Switzerland, Russia, Sweden, and other countries.

Penguen Gida AS (IST:PENGD) Headlines

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