{"id":741,"date":"2026-07-17T12:18:51","date_gmt":"2026-07-17T09:18:51","guid":{"rendered":"https:\/\/sigorta.nesiblog.com\/?p=741"},"modified":"2026-07-17T12:18:51","modified_gmt":"2026-07-17T09:18:51","slug":"sirketlerin-nakde-donusum-suresi-67-gune-cikti","status":"publish","type":"post","link":"https:\/\/sigorta.nesiblog.com\/?p=741","title":{"rendered":"\u201c\u015eirketlerin nakde d\u00f6n\u00fc\u015f\u00fcm s\u00fcresi 67 g\u00fcne \u00e7\u0131kt\u0131\u201d"},"content":{"rendered":"<h4 class=\"wp-block-heading\"><strong>Allianz Trade\u2019in Alacak Tahsil S\u00fcresi (DSO) ve Nakit D\u00f6n\u00fc\u015f\u00fcm D\u00f6ng\u00fcs\u00fc (CCC) raporuna g\u00f6re, \u015firketlerin i\u015fletme sermayesini nakde d\u00f6n\u00fc\u015ft\u00fcrme s\u00fcresi 2025 y\u0131l\u0131nda ortalama 67 g\u00fcne y\u00fckseldi. Raporda, \u015firketlerin tedarik zinciri dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 art\u0131rmak amac\u0131yla daha y\u00fcksek stok seviyeleri tutmas\u0131n\u0131n bu art\u0131\u015fta belirleyici oldu\u011fu vurguland\u0131.<\/strong><\/h4>\n<p class=\"wp-block-paragraph\">Allianz Trade, \u015firketlerin i\u015fletme sermayesini ne kadar s\u00fcrede nakde d\u00f6n\u00fc\u015ft\u00fcrd\u00fc\u011f\u00fcn\u00fc ortaya koyan y\u0131ll\u0131k Alacak Tahsil S\u00fcresi (Days Sales Outstanding-DSO) ve Nakit D\u00f6n\u00fc\u015f\u00fcm D\u00f6ng\u00fcs\u00fc (Cash Collection Cycle-CCC) raporunu yay\u0131mlad\u0131.<\/p>\n<p class=\"wp-block-paragraph\">Allianz Trade\u2019in analizine g\u00f6re k\u00fcresel nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fc, 2025 y\u0131l\u0131nda yar\u0131m g\u00fcn artarak 67 g\u00fcne y\u00fckseldi. B\u00f6ylece \u015firketlerin \u00fcretim ve tedarik\u00e7ilerine yapt\u0131\u011f\u0131 nakit \u00f6demeleri, m\u00fc\u015fterilerinden tahsil ettikleri gelirle dengeleme s\u00fcresi tarihsel ortalamalar\u0131n \u00fczerinde kalmaya devam etti.<\/p>\n<p class=\"wp-block-paragraph\">Raporda, art\u0131\u015f\u0131n temel nedeninin \u015firketlerin tedarik zincirlerini g\u00fc\u00e7lendirmek amac\u0131yla daha fazla stok bulundurmas\u0131 oldu\u011fu belirtildi.<\/p>\n<h4 class=\"wp-block-heading\"><strong>Artan stoklar nakit d\u00f6n\u00fc\u015f\u00fcm\u00fcn\u00fc yava\u015flat\u0131yor<\/strong><\/h4>\n<p class=\"wp-block-paragraph\">Rapora g\u00f6re k\u00fcresel nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fc 2025\u2019te 67 g\u00fcne ula\u015f\u0131rken bu seviye son 10 y\u0131l ortalamas\u0131n\u0131n 3 g\u00fcn \u00fczerinde ve 2023\u2019te g\u00f6r\u00fclen 68 g\u00fcnl\u00fck zirveye olduk\u00e7a yak\u0131n ger\u00e7ekle\u015fti. Allianz Trade, bu e\u011filimde hen\u00fcz belirgin bir yava\u015flama g\u00f6r\u00fclmedi\u011fini belirtti.<\/p>\n<p class=\"wp-block-paragraph\">Allianz Trade \u0130flas Ara\u015ft\u0131rmalar\u0131 Ba\u015f Analisti Maxime Lemerle, k\u00fcresel nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fcn\u00fcn yakla\u015f\u0131k y\u00fczde 80\u2019ini stok devir s\u00fcresinin (Days Inventory Outstanding-DIO) a\u00e7\u0131klad\u0131\u011f\u0131n\u0131 belirterek, \u015firketlerin operasyonel verimlili\u011fi esas alan \u201cjust-in-time\u201d yakla\u015f\u0131m\u0131ndan uzakla\u015f\u0131p dayan\u0131kl\u0131l\u0131\u011f\u0131 \u00f6nceleyen \u201cjust-in-case\u201d modeline y\u00f6neldi\u011fini s\u00f6yledi.<\/p>\n<p class=\"wp-block-paragraph\">Lemerle, daha y\u00fcksek stok seviyelerinin k\u0131sa vadede nakde d\u00f6n\u00fc\u015fmesi beklenmeyen varl\u0131klara daha fazla sermaye ba\u011flanmas\u0131 anlam\u0131na geldi\u011fini, buna kar\u015f\u0131n \u015firketlere jeopolitik belirsizlikler, tedarik zinciri aksakl\u0131klar\u0131 ve k\u00fcresel ticarette artan par\u00e7alanma risklerine kar\u015f\u0131 daha g\u00fc\u00e7l\u00fc koruma ve esneklik sa\u011flad\u0131\u011f\u0131n\u0131 ifade etti. Tedarik zincirlerinin art\u0131k yaln\u0131zca maliyet optimizasyonu de\u011fil; g\u00fcvenlik, dayan\u0131kl\u0131l\u0131k ve stratejik esneklik kriterleri do\u011frultusunda yeniden \u015fekillendi\u011fini kaydetti.<\/p>\n<h4 class=\"wp-block-heading\"><strong>Stok seviyeleri pandemi \u00f6ncesinin \u00fczerinde<\/strong><\/h4>\n<p class=\"wp-block-paragraph\">Allianz Trade verilerine g\u00f6re k\u00fcresel stok devir s\u00fcresi (DIO), 2025 y\u0131l\u0131nda 53 g\u00fcn olarak ger\u00e7ekle\u015fti. Bu s\u00fcre 2024\u2019e g\u00f6re de\u011fi\u015fmezken pandemi \u00f6ncesindeki 48 g\u00fcnl\u00fck ortalaman\u0131n \u00fczerinde kald\u0131.<\/p>\n<p class=\"wp-block-paragraph\">Buna kar\u015f\u0131l\u0131k Alacak Tahsil S\u00fcresi (DSO) \u015firketlerin nakit ak\u0131\u015f\u0131 \u00fczerinde ilave bask\u0131 olu\u015fturmad\u0131. K\u00fcresel \u00f6deme vadeleri ge\u00e7en y\u0131l s\u0131n\u0131rl\u0131 art\u0131\u015fla 56,5 g\u00fcne y\u00fckselirken 2022\u2019den bu yana ayn\u0131 seviyede seyretti ve pandemi \u00f6ncesi ortalaman\u0131n h\u00e2l\u00e2 3 g\u00fcn alt\u0131nda kald\u0131.<\/p>\n<h4 class=\"wp-block-heading\"><strong>Sekt\u00f6rler aras\u0131ndaki ayr\u0131\u015fma belirginle\u015fti<\/strong><\/h4>\n<p class=\"wp-block-paragraph\">Raporda, tedarik zinciri dayan\u0131kl\u0131l\u0131\u011f\u0131na y\u00f6nelik yat\u0131r\u0131mlar\u0131n sekt\u00f6rler aras\u0131nda \u00f6nemli farkl\u0131l\u0131klar yaratt\u0131\u011f\u0131na dikkat \u00e7ekildi. \u015eirketlerin y\u00fczde 25\u2019inde nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fc 43 g\u00fcn\u00fcn alt\u0131nda ger\u00e7ekle\u015firken di\u011fer y\u00fczde 25\u2019inde bu s\u00fcre 107 g\u00fcn\u00fc a\u015ft\u0131. \u0130ncelenen 20 sekt\u00f6r\u00fcn 12\u2019sinde nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fc uzarken 8 sekt\u00f6rde geriledi.<\/p>\n<p class=\"wp-block-paragraph\">Nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fcn\u00fcn en fazla uzad\u0131\u011f\u0131 sekt\u00f6rlerin ba\u015f\u0131nda otomotiv tedarik\u00e7ileri gelirken k\u00e2\u011f\u0131t, metal ve tekstil sekt\u00f6rlerinde de art\u0131\u015f g\u00f6r\u00fcld\u00fc. Buna kar\u015f\u0131l\u0131k ula\u015f\u0131m ekipmanlar\u0131, bilgisayar ve telekom\u00fcnikasyon ile enerji sekt\u00f6rlerinde nakit d\u00f6n\u00fc\u015f\u00fcm s\u00fcreleri k\u0131sald\u0131.<\/p>\n<p class=\"wp-block-paragraph\">Lemerle, \u00f6zellikle \u00fcretim ve sanayi girdileri gibi tedarik zincirindeki k\u0131r\u0131lmalardan en fazla etkilenen sekt\u00f6rlerin stok tamponlar\u0131n\u0131 art\u0131rarak i\u015fletme sermayesi ihtiya\u00e7lar\u0131n\u0131 yap\u0131sal olarak y\u00fckseltti\u011fini belirtti. Buna kar\u015f\u0131n enerji, ula\u015f\u0131m ekipmanlar\u0131 ile dijital altyap\u0131 gibi stratejik sekt\u00f6rlerin ise g\u00fc\u00e7l\u00fc fiyatlama g\u00fcc\u00fc, sa\u011flam nakit yaratma kapasitesi, destekleyici sanayi politikalar\u0131 ve devam eden yap\u0131sal talep sayesinde nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fclerini k\u0131saltmay\u0131 ba\u015fard\u0131\u011f\u0131n\u0131 ifade etti.<\/p>\n<h4 class=\"wp-block-heading\"><strong>2026 i\u00e7in s\u0131n\u0131rl\u0131 art\u0131\u015f \u00f6ng\u00f6r\u00fcl\u00fcyor<\/strong><\/h4>\n<p class=\"wp-block-paragraph\">Allianz Trade, 2026 y\u0131l\u0131nda k\u00fcresel nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fcnde s\u0131n\u0131rl\u0131 bir art\u0131\u015f bekliyor.<\/p>\n<p class=\"wp-block-paragraph\">Raporda, ABD-\u0130ran \u00e7at\u0131\u015fmas\u0131ndan en fazla etkilenen sekt\u00f6rlerde stok devir s\u00fcresini daha fazla art\u0131rabilecek alan\u0131n s\u0131n\u0131rl\u0131 oldu\u011fu de\u011ferlendirilirken yapay zek\u00e2 altyap\u0131lar\u0131 ve veri merkezlerine y\u00f6nelik \u00f6zel sekt\u00f6r yat\u0131r\u0131mlar\u0131n\u0131n bilgisayar, telekom\u00fcnikasyon, yaz\u0131l\u0131m ve bilgi teknolojileri sekt\u00f6rlerini destekleyerek ekonominin \u00f6nemli b\u00f6l\u00fcm\u00fcnde nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fc \u00fczerindeki bask\u0131y\u0131 azaltmas\u0131n\u0131n beklendi\u011fi belirtildi.<\/p>\n<p class=\"wp-block-paragraph\">Maxime Lemerle, enerji g\u00fcvenli\u011fi, stratejik stoklar ve tedarik zinciri dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 g\u00fc\u00e7lendirmeye y\u00f6nelik ad\u0131mlar ile \u00e7at\u0131\u015fman\u0131n do\u011frudan etkilerinin k\u00fcresel stokta kalma s\u00fcresini yakla\u015f\u0131k 2 g\u00fcn art\u0131rmas\u0131n\u0131n beklendi\u011fini s\u00f6yledi.<\/p>\n<p class=\"wp-block-paragraph\">Lemerle, hesaplamalar\u0131na g\u00f6re stok devir s\u00fcresindeki her 1 g\u00fcnl\u00fck art\u0131\u015f\u0131n k\u00fcresel nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fcn\u00fc yakla\u015f\u0131k 1,16 g\u00fcn y\u00fckseltti\u011fini belirterek buna ra\u011fmen beklenen art\u0131\u015f\u0131n 2022\u2019de ya\u015fanan \u015fok sonras\u0131nda nakit d\u00f6n\u00fc\u015f\u00fcm d\u00f6ng\u00fcs\u00fcnde g\u00f6r\u00fclen 5 g\u00fcnl\u00fck y\u00fckseli\u015fe k\u0131yasla olduk\u00e7a s\u0131n\u0131rl\u0131 kalaca\u011f\u0131n\u0131 ifade etti.<\/p>\n<p class=\"wp-block-paragraph\">\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fsigortamedya.com.tr%2Fsirketlerin-nakde-donusum-suresi-67-gune-cikti%2F&amp;via=sigortamedya\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"<p>Allianz Trade\u2019in Alacak Tahsil S\u00fcresi (DSO) ve Nakit D\u00f6n\u00fc\u015f\u00fcm D\u00f6ng\u00fcs\u00fc (CCC) raporuna g\u00f6re, \u015firketlerin i\u015fletme sermayesini nakde d\u00f6n\u00fc\u015ft\u00fcrme s\u00fcresi 2025 y\u0131l\u0131nda ortalama 67 g\u00fcne y\u00fckseldi. Raporda, \u015firketlerin tedarik zinciri dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 art\u0131rmak amac\u0131yla daha y\u00fcksek stok seviyeleri tutmas\u0131n\u0131n bu art\u0131\u015fta belirleyici<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-741","post","type-post","status-publish","format-standard","hentry","category-genel"],"_links":{"self":[{"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=\/wp\/v2\/posts\/741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=741"}],"version-history":[{"count":0,"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=\/wp\/v2\/posts\/741\/revisions"}],"wp:attachment":[{"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sigorta.nesiblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}