Maksons Spinning Mills (DHA:MAKSONSPIN) Days Payable : 74.40 (As of Mar. 2024)

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What is Maksons Spinning Mills Days Payable?

Maksons Spinning Mills's average Accounts Payable for the three months ended in Mar. 2024 was BDT1,099 Mil. Maksons Spinning Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was BDT1,348 Mil. Hence, Maksons Spinning Mills's Days Payable for the three months ended in Mar. 2024 was 74.40.

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

DHA:MAKSONSPIN' s Days Payable Range Over the Past 10 Years
Min: 0.34 Med: 1.45 Max: 47.16
Current: 47.16

During the past 13 years, Maksons Spinning Mills's highest Days Payable was 47.16. The lowest was 0.34. And the median was 1.45.

DHA:MAKSONSPIN's Days Payable is ranked worse than
58.38% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.055 vs DHA:MAKSONSPIN: 47.16

Maksons Spinning Mills's Days Payable increased from Mar. 2023 (22.79) to Mar. 2024 (74.40). It may suggest that Maksons Spinning Mills delayed paying its suppliers.

Maksons Spinning Mills Days Payable Historical Data

The historical data trend for Maksons Spinning 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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Maksons Spinning Mills Days Payable Chart

Maksons Spinning Mills Annual Data

Trend

Sep13

Sep14

Sep15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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2.62

2.22

0.68

0.41

0.34

Maksons Spinning 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															22.79	14.75	28.80	60.24	74.40

Competitive Comparison of Maksons Spinning Mills's Days Payable

For the Textile Manufacturing subindustry, Maksons Spinning 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.

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

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

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

Maksons Spinning 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.

Maksons Spinning 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
=	( (4.734	+	3.767)	/	2 )	/	4628.241	*	365
=	4.2505					/	4628.241	*	365
=	0.34

Maksons Spinning 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
=	( (1017.217	+	1181.379)	/	2 )	/	1348.224	*	365 / 4
=	1099.298					/	1348.224	*	365 / 4
=	74.40

Maksons Spinning Mills Days Payable Related Terms

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Maksons Spinning Mills (DHA:MAKSONSPIN) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

House No. 17, Road No. 6, Sector No. 1, Uttara Model Town, Dhaka, BGD, 1230

Website

http://www.maksonsgroup.com.bd

Maksons Spinning Mills Ltd is Bangladesh based company in the production and sale of cotton yarn and also it offers cotton combed and carded yarn to the export-oriented readymade garments and knitting industries. The company's specialties are following Carded Yarn, Organic Yarn (Carded, Combed, Slub, Grey melange), Combed Yarn, Slub Yarn, BCI Yarn, Compact Combed Yarn, Grey Melange Yarn, and slub yarn.

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