Tumosan Motor ve Traktornayi AS (IST:TMSN) Days Payable : 95.07 (As of Sep. 2023)

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What is Tumosan Motor ve Traktornayi AS Days Payable?

Tumosan Motor ve Traktornayi AS's average Accounts Payable for the three months ended in Sep. 2023 was ₺1,361 Mil. Tumosan Motor ve Traktornayi AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺1,306 Mil. Hence, Tumosan Motor ve Traktornayi AS's Days Payable for the three months ended in Sep. 2023 was 95.07.

The historical rank and industry rank for Tumosan Motor ve Traktornayi AS's Days Payable or its related term are showing as below:

IST:TMSN' s Days Payable Range Over the Past 10 Years
Min: 36.91 Med: 61.55 Max: 117.06
Current: 99.99

During the past 13 years, Tumosan Motor ve Traktornayi AS's highest Days Payable was 117.06. The lowest was 36.91. And the median was 61.55.

IST:TMSN's Days Payable is ranked better than
63.41% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.32 vs IST:TMSN: 99.99

Tumosan Motor ve Traktornayi AS's Days Payable increased from Sep. 2022 (81.63) to Sep. 2023 (95.07). It may suggest that Tumosan Motor ve Traktornayi AS delayed paying its suppliers.

Tumosan Motor ve Traktornayi AS Days Payable Historical Data

The historical data trend for Tumosan Motor ve Traktornayi 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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Tumosan Motor ve Traktornayi AS Days Payable Chart

Tumosan Motor ve Traktornayi AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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89.40

117.06

76.05

112.19

79.14

Tumosan Motor ve Traktornayi AS 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															81.63	74.83	97.30	122.74	95.07

Competitive Comparison of Tumosan Motor ve Traktornayi AS's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Tumosan Motor ve Traktornayi 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.

Tumosan Motor ve Traktornayi AS's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tumosan Motor ve Traktornayi AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Tumosan Motor ve Traktornayi AS's Days Payable falls into.

Tumosan Motor ve Traktornayi 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.

Tumosan Motor ve Traktornayi 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
=	( (354.96	+	760.215)	/	2 )	/	2571.717	*	365
=	557.5875					/	2571.717	*	365
=	79.14

Tumosan Motor ve Traktornayi 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
=	( (1088.969	+	1632.038)	/	2 )	/	1305.792	*	365 / 4
=	1360.5035					/	1305.792	*	365 / 4
=	95.07

Tumosan Motor ve Traktornayi AS Days Payable Related Terms

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Tumosan Motor ve Traktornayi AS (IST:TMSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tumosan Motor ve Traktor Sanayi AS (IST:TMSN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maltepe Mahallesi London Asfalti Caddesi Number 28/1, Topkapi, Zeytinburnu, Istanbul, TUR, 34010

Website

http://www.tumosan.com.tr

Tumosan Motor ve Traktor Sanayi AS is a Turkey-based company mainly engaged in manufacturing and production of the diesel engine and tractors. Its products comprise Tractors, Industrial Engines, Agricultural Machinery Engines, Forklifts, and Agricultural Equipments.

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