Apex Spinning & Knitting Mills (DHA:APEXSPINN) Days Payable : 88.90 (As of Mar. 2024)

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What is Apex Spinning & Knitting Mills Days Payable?

Apex Spinning & Knitting Mills's average Accounts Payable for the three months ended in Mar. 2024 was BDT1,208 Mil. Apex Spinning & Knitting Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was BDT1,240 Mil. Hence, Apex Spinning & Knitting Mills's Days Payable for the three months ended in Mar. 2024 was 88.90.

The historical rank and industry rank for Apex Spinning & Knitting Mills's Days Payable or its related term are showing as below:

DHA:APEXSPINN' s Days Payable Range Over the Past 10 Years
Min: 62.83 Med: 86.9 Max: 95.54
Current: 83.04

During the past 13 years, Apex Spinning & Knitting Mills's highest Days Payable was 95.54. The lowest was 62.83. And the median was 86.90.

DHA:APEXSPINN's Days Payable is ranked better than
69.18% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs DHA:APEXSPINN: 83.04

Apex Spinning & Knitting Mills's Days Payable increased from Mar. 2023 (67.85) to Mar. 2024 (88.90). It may suggest that Apex Spinning & Knitting Mills delayed paying its suppliers.

Apex Spinning & Knitting Mills Days Payable Historical Data

The historical data trend for Apex Spinning & Knitting Mills'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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Apex Spinning & Knitting Mills Days Payable Chart

Apex Spinning & Knitting Mills Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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81.64

85.89

62.83

67.61

95.54

Apex Spinning & Knitting Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															67.85	82.52	90.60	79.39	88.90

Competitive Comparison of Apex Spinning & Knitting Mills's Days Payable

For the Apparel Manufacturing subindustry, Apex Spinning & Knitting Mills'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.

Apex Spinning & Knitting Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Apex Spinning & Knitting Mills's Days Payable distribution charts can be found below:

* The bar in red indicates where Apex Spinning & Knitting Mills's Days Payable falls into.

Apex Spinning & Knitting Mills 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.

Apex Spinning & Knitting Mills's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (795.785	+	1362.7)	/	2 )	/	4123.113	*	365
=	1079.2425					/	4123.113	*	365
=	95.54

Apex Spinning & Knitting Mills's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1251.138	+	1164.62)	/	2 )	/	1239.857	*	365 / 4
=	1207.879					/	1239.857	*	365 / 4
=	88.90

Apex Spinning & Knitting Mills Days Payable Related Terms

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Apex Spinning & Knitting Mills (DHA:APEXSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Apex Spinning & Knitting Mills Ltd (DHA:APEXSPINN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Gulshan Avenue, Shanta Skymark, 8th & 13th Floor, Gulshan, Dhaka, BGD, 1212

Website

https://www.apexknitting.com

Apex Spinning & Knitting Mills Ltd is a Bangladesh based company that operates as a manufacturer and exporter of all kinds of textiles knitted garments. The company is principally operating in manufacturing high-quality Knit-garments for infants, children, and womenswear using fabrics produced in-house.

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