Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Days Payable : 35.70 (As of Dec. 2023)

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What is Tupras-Turkiye Petrol Rafineleri AS Days Payable?

Tupras-Turkiye Petrol Rafineleri AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺101,225 Mil. Tupras-Turkiye Petrol Rafineleri AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺258,701 Mil. Hence, Tupras-Turkiye Petrol Rafineleri AS's Days Payable for the three months ended in Dec. 2023 was 35.70.

The historical rank and industry rank for Tupras-Turkiye Petrol Rafineleri AS's Days Payable or its related term are showing as below:

IST:TUPRS' s Days Payable Range Over the Past 10 Years
Min: 21.92 Med: 56.33 Max: 95.05
Current: 40.73

During the past 13 years, Tupras-Turkiye Petrol Rafineleri AS's highest Days Payable was 95.05. The lowest was 21.92. And the median was 56.33.

IST:TUPRS's Days Payable is ranked worse than
66.15% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs IST:TUPRS: 40.73

Tupras-Turkiye Petrol Rafineleri AS's Days Payable increased from Dec. 2022 (11.46) to Dec. 2023 (35.70). It may suggest that Tupras-Turkiye Petrol Rafineleri AS delayed paying its suppliers.

Tupras-Turkiye Petrol Rafineleri AS Days Payable Historical Data

The historical data trend for Tupras-Turkiye Petrol Rafineleri 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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Tupras-Turkiye Petrol Rafineleri AS Days Payable Chart

Tupras-Turkiye Petrol Rafineleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.53

95.05

77.53

21.92

33.35

Tupras-Turkiye Petrol Rafineleri 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															11.46	54.01	52.31	48.00	35.70

Competitive Comparison of Tupras-Turkiye Petrol Rafineleri AS's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri AS's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's Days Payable falls into.

Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri 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
=	( (52698.764	+	0)	/	1 )	/	576796.119	*	365
=	52698.764					/	576796.119	*	365
=	33.35

Tupras-Turkiye Petrol Rafineleri 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
=	( (101224.909	+	0)	/	1 )	/	258701.496	*	365 / 4
=	101224.909					/	258701.496	*	365 / 4
=	35.70

Tupras-Turkiye Petrol Rafineleri AS Days Payable Related Terms

Thank you for viewing the detailed overview of Tupras-Turkiye Petrol Rafineleri AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790

Website

http://www.tupras.com.tr

Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.

Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Headlines

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