The average time taken by SHELL COMPANY OF TÜRKIYE LIMITED to pay invoices has been fluctuating over the past three periods. It decreased by 17% in the first period, increased by 6% in the second period, and remained the same in the third period compared to the previous period.
The volatility of SHELL COMPANY OF TÜRKIYE LIMITED's payment pattern can be seen in the percentage of invoices paid within 30 days and between 31 and 60 days. In the second period, there was a significant increase of 14% in the percentage of invoices paid between 31 and 60 days, while in the third period, there was a decrease of 1% in the percentage of invoices paid within 30 days. This suggests that the company's payment behavior is not consistent and can change drastically from one period to another.
SHELL COMPANY OF TÜRKIYE LIMITED has shown varying payment behavior over the past three periods. In the first period, the company improved its payment time by 17%, with 90% of invoices paid within 30 days. However, in the second period, there was a significant increase of 15% in the percentage of invoices paid later than 60 days, which was the worst period in terms of late payment. The third period saw an improvement in the percentage of invoices paid within 30 days, but there was a high percentage of invoices not paid within agreed terms. The company's shortest standard payment period remained the same at 60 days in all three periods.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 31 | 55% | 44% | 1% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 30 | 51% | 49% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 31 | 50% | 50% | 0% | 62% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 31 | 50% | 50% | 0% | 62% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 30 | 51% | 49% | 0% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 35 | 73% | 12% | 15% | 87% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 18 | 90% | 10% | 0% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Shell standard terms are 60 days from receipt of a correctly presented invoice. For suppliers confirmed as SMEs 30-day payment terms are available. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
A centralised point of contact for suppliers’ enquiries is in place via Shell Accounts Payable Helpdesk. This team supports with questions related to but not limited to; payment due dates, incorrect invoice submission, wrong or missing PO details etc. Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
SHELL COMPANY OF TÜRKIYE LIMITED is a leading energy company in Turkey, operating in the oil and gas industry. The company is a subsidiary of Royal Dutch Shell and has been operating in Turkey since 1923.
The company is committed to sustainability and has a strong sustainability program in place. They focus on reducing their carbon footprint, promoting renewable energy sources, and investing in local communities. They also have strict health, safety, and environment policies in place.
The company offers a wide range of products and services, including fuels, lubricants, and LPG for various industries and customers. They also have a strong presence in the retail market with their network of Shell-branded petrol stations across the country.
The key people at Shell Company of Türkiye Limited include the CEO, Ahmet Erdem, who has been leading the company since 2017. The company also has a strong team of executive and non-executive directors, who bring diverse experience and expertise to the table.
To get in touch with Shell Company of Türkiye Limited, individuals can visit their website at https://www.shell.com.tr/ or contact their registered office at Shell & Turcas Petrol A.Ş., Büyükdere Cad. No: 127 Maslak 34398 Istanbul, Turkey. The company also has a customer service hotline and social media channels for inquiries and updates.