Argent Industrial (JSE:ART) Days Payable : 58.85 (As of Sep. 2023)

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What is Argent Industrial Days Payable?

Argent Industrial's average Accounts Payable for the six months ended in Sep. 2023 was R304 Mil. Argent Industrial's Cost of Goods Sold for the six months ended in Sep. 2023 was R942 Mil. Hence, Argent Industrial's Days Payable for the six months ended in Sep. 2023 was 58.85.

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

JSE:ART' s Days Payable Range Over the Past 10 Years
Min: 33.54 Med: 38.14 Max: 59.71
Current: 59.71

During the past 13 years, Argent Industrial's highest Days Payable was 59.71. The lowest was 33.54. And the median was 38.14.

JSE:ART's Days Payable is ranked better than
63.95% of 588 companies
in the Steel industry
Industry Median: 39.59 vs JSE:ART: 59.71

Argent Industrial's Days Payable increased from Sep. 2022 (58.26) to Sep. 2023 (58.85). It may suggest that Argent Industrial delayed paying its suppliers.

Argent Industrial Days Payable Historical Data

The historical data trend for Argent Industrial'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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Argent Industrial Days Payable Chart

Argent Industrial Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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33.99

33.54

36.40

44.17

47.21

Argent Industrial Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															54.42	49.17	58.26	50.54	58.85

Competitive Comparison of Argent Industrial's Days Payable

For the Steel subindustry, Argent Industrial'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.

Argent Industrial's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Argent Industrial's Days Payable distribution charts can be found below:

* The bar in red indicates where Argent Industrial's Days Payable falls into.

Argent Industrial 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.

Argent Industrial's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (265.876	+	203.18)	/	2 )	/	1813.066	*	365
=	234.528					/	1813.066	*	365
=	47.21

Argent Industrial'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (203.18	+	404.656)	/	2 )	/	942.418	*	365 / 2
=	303.918					/	942.418	*	365 / 2
=	58.85

Argent Industrial Days Payable Related Terms

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Argent Industrial (JSE:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Argent Industrial Ltd (JSE:ART) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Floor, Ridge 63, 8 Sinembe Crescent, Sinembe Park, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019

Website

https://www.argent.co.za

Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up of ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.

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