Argo Group (LSE:ARGO) Days Payable : 8.42 (As of Dec. 2023)

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What is Argo Group Days Payable?

Argo Group's average Accounts Payable for the six months ended in Dec. 2023 was £0.04 Mil. Argo Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.76 Mil. Hence, Argo Group's Days Payable for the six months ended in Dec. 2023 was 8.42.

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

LSE:ARGO' s Days Payable Range Over the Past 10 Years
Min: 1.5 Med: 5.62 Max: 14.57
Current: 6.76

During the past 13 years, Argo Group's highest Days Payable was 14.57. The lowest was 1.50. And the median was 5.62.

LSE:ARGO's Days Payable is ranked worse than
91.86% of 467 companies
in the Asset Management industry
Industry Median: 68.13 vs LSE:ARGO: 6.76

Argo Group's Days Payable declined from Dec. 2022 (11.84) to Dec. 2023 (8.42). It may suggest that Argo Group accelerated paying its suppliers.

Argo Group Days Payable Historical Data

The historical data trend for Argo Group'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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Argo Group Days Payable Chart

Argo Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2.53

13.19

14.57

4.37

3.80

Argo Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															14.96	5.52	11.84	8.11	8.42

Competitive Comparison of Argo Group's Days Payable

For the Asset Management subindustry, Argo Group'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.

Argo Group's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Argo Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Argo Group's Days Payable falls into.

Argo Group 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.

Argo Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.021	+	0.013)	/	2 )	/	1.635	*	365
=	0.017					/	1.635	*	365
=	3.80

Argo Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.057	+	0.013)	/	2 )	/	0.759	*	365 / 2
=	0.035					/	0.759	*	365 / 2
=	8.42

Argo Group Days Payable Related Terms

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Argo Group (LSE:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Group Ltd (LSE:ARGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IW6:Germany

Address

24-25 New Bond Street, 2nd Floor, London, GBR, W1S 2RR

Website

https://www.argogrouplimited.com

Argo Group Ltd is an investment management company that invests in multi-strategy investment in emerging markets. Its investment objective is to provide investors with absolute returns on the funds. The group aims to deliver low volatility, double-digit absolute returns through a fundamental, bottom-up investment approach. The Group's funds invest in performing fixed-income securities, both sovereign and corporate, distressed debt, and real estate. The company operates as a single asset management business.