Argo Properties NV (XTAE:ARGO) Days Payable : 243.69 (As of Sep. 2023)

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What is Argo Properties NV Days Payable?

Argo Properties NV's average Accounts Payable for the three months ended in Sep. 2023 was ₪29.6 Mil. Argo Properties NV's Cost of Goods Sold for the three months ended in Sep. 2023 was ₪11.1 Mil. Hence, Argo Properties NV's Days Payable for the three months ended in Sep. 2023 was 243.69.

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

XTAE:ARGO' s Days Payable Range Over the Past 10 Years
Min: 63.35 Med: 138.21 Max: 531.27
Current: 189.85

During the past 4 years, Argo Properties NV's highest Days Payable was 531.27. The lowest was 63.35. And the median was 138.21.

XTAE:ARGO's Days Payable is ranked better than
69.03% of 1579 companies
in the Real Estate industry
Industry Median: 97.02 vs XTAE:ARGO: 189.85

Argo Properties NV's Days Payable declined from Sep. 2022 (423.24) to Sep. 2023 (243.69). It may suggest that Argo Properties NV accelerated paying its suppliers.

Argo Properties NV Days Payable Historical Data

The historical data trend for Argo Properties NV'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 Properties NV Days Payable Chart

Argo Properties NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

531.28

178.89

97.54

63.35

Argo Properties NV Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial											423.24	176.22	79.43	233.75	243.69

Competitive Comparison of Argo Properties NV's Days Payable

For the Real Estate Services subindustry, Argo Properties NV'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 Properties NV's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Argo Properties NV's Days Payable distribution charts can be found below:

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

Argo Properties NV 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 Properties NV'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
=	( (9.434	+	3.27)	/	2 )	/	36.597	*	365
=	6.352					/	36.597	*	365
=	63.35

Argo Properties NV'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
=	( (28.604	+	30.561)	/	2 )	/	11.077	*	365 / 4
=	29.5825					/	11.077	*	365 / 4
=	243.69

Argo Properties NV Days Payable Related Terms

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Argo Properties NV (XTAE:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Argo Properties NV (XTAE:ARGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karl-Liebknecht-Strasse 2a, Leipzig, SN, DEU, 04107

Website

https://www.argo-nv.com

Argo Properties NV is a foreign company engaged in the purchase, management, and rental of residential and office buildings in Germany. The company's segment includes Income generating residential real estate and Income generating real estate for development. It generates maximum revenue from the Income generating residential real estate segment.