Argon Denims (DHA:ARGONDENIM) Days Payable : 11.26 (As of Dec. 2023)

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What is Argon Denims Days Payable?

Argon Denims's average Accounts Payable for the three months ended in Dec. 2023 was BDT162 Mil. Argon Denims's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT1,309 Mil. Hence, Argon Denims's Days Payable for the three months ended in Dec. 2023 was 11.26.

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

DHA:ARGONDENIM' s Days Payable Range Over the Past 10 Years
Min: 2.23 Med: 2.62 Max: 16.8
Current: 16.8

During the past 9 years, Argon Denims's highest Days Payable was 16.80. The lowest was 2.23. And the median was 2.62.

DHA:ARGONDENIM's Days Payable is ranked worse than
88.74% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs DHA:ARGONDENIM: 16.80

Argon Denims's Days Payable declined from Dec. 2022 (26.40) to Dec. 2023 (11.26). It may suggest that Argon Denims accelerated paying its suppliers.

Argon Denims Days Payable Historical Data

The historical data trend for Argon Denims'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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Argon Denims Days Payable Chart

Argon Denims Annual Data

Trend

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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3.27

3.52

2.23

2.52

7.56

Argon Denims 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															26.40	26.87	18.74	11.95	11.26

Competitive Comparison of Argon Denims's Days Payable

For the Textile Manufacturing subindustry, Argon Denims'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.

Argon Denims's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Argon Denims's Days Payable falls into.

Argon Denims 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.

Argon Denims'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
=	( (50.87	+	121.185)	/	2 )	/	4151.002	*	365
=	86.0275					/	4151.002	*	365
=	7.56

Argon Denims'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
=	( (199.83	+	123.192)	/	2 )	/	1309.301	*	365 / 4
=	161.511					/	1309.301	*	365 / 4
=	11.26

Argon Denims Days Payable Related Terms

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Argon Denims (DHA:ARGONDENIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Argon Denims Ltd (DHA:ARGONDENIM) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

57, Joar Sahara, New Airport Road, Level-6, Lotus Kamal Tower ONE, Nikunja-2- C/A, Dhaka, BGD, 1229

Website

http://www.argondenims.com

Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST with casts and colors.

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