Grupo Argos (BOG:GRUPOARGOS) Days Payable : 88.36 (As of Sep. 2023)

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What is Grupo Argos Days Payable?

Grupo Argos's average Accounts Payable for the three months ended in Sep. 2023 was COP3,355,001 Mil. Grupo Argos's Cost of Goods Sold for the three months ended in Sep. 2023 was COP3,464,541 Mil. Hence, Grupo Argos's Days Payable for the three months ended in Sep. 2023 was 88.36.

The historical rank and industry rank for Grupo Argos's Days Payable or its related term are showing as below:

BOG:GRUPOARGOS' s Days Payable Range Over the Past 10 Years
Min: 55.86 Med: 63.5 Max: 87.33
Current: 70.22

During the past 13 years, Grupo Argos's highest Days Payable was 87.33. The lowest was 55.86. And the median was 63.50.

BOG:GRUPOARGOS's Days Payable is ranked better than
51.48% of 371 companies
in the Building Materials industry
Industry Median: 66.27 vs BOG:GRUPOARGOS: 70.22

Grupo Argos's Days Payable increased from Sep. 2022 (73.95) to Sep. 2023 (88.36). It may suggest that Grupo Argos delayed paying its suppliers.

Grupo Argos Days Payable Historical Data

The historical data trend for Grupo Argos'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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Grupo Argos Days Payable Chart

Grupo Argos Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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81.62

77.14

87.33

76.36

62.92

Grupo Argos 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															73.95	59.29	71.70	66.07	88.36

Competitive Comparison of Grupo Argos's Days Payable

For the Building Materials subindustry, Grupo Argos'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.

Grupo Argos's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Grupo Argos's Days Payable distribution charts can be found below:

* The bar in red indicates where Grupo Argos's Days Payable falls into.

Grupo Argos 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.

Grupo Argos'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
=	( (2603991	+	2840691)	/	2 )	/	15791372	*	365
=	2722341					/	15791372	*	365
=	62.92

Grupo Argos'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
=	( (3207952	+	3502050)	/	2 )	/	3464541	*	365 / 4
=	3355001					/	3464541	*	365 / 4
=	88.36

Grupo Argos Days Payable Related Terms

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Grupo Argos (BOG:GRUPOARGOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Grupo Argos SA (BOG:GRUPOARGOS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PFGRUPOARG:Columbia

Address

Carrera 43A, No. 1A Sur 143, Santillana Center - South Tower, Medellin, COL

Website

https://www.grupoargos.com

Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America.

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