Global Heavy Chemicals (DHA:GHCL) Days Payable : 110.22 (As of Mar. 2024)

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What is Global Heavy Chemicals Days Payable?

Global Heavy Chemicals's average Accounts Payable for the three months ended in Mar. 2024 was BDT216.8 Mil. Global Heavy Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was BDT179.5 Mil. Hence, Global Heavy Chemicals's Days Payable for the three months ended in Mar. 2024 was 110.22.

The historical rank and industry rank for Global Heavy Chemicals's Days Payable or its related term are showing as below:

DHA:GHCL' s Days Payable Range Over the Past 10 Years
Min: 1.57 Med: 2.16 Max: 38.09
Current: 38.09

During the past 12 years, Global Heavy Chemicals's highest Days Payable was 38.09. The lowest was 1.57. And the median was 2.16.

DHA:GHCL's Days Payable is ranked worse than
72.74% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs DHA:GHCL: 38.09

Global Heavy Chemicals's Days Payable increased from Mar. 2023 (2.64) to Mar. 2024 (110.22). It may suggest that Global Heavy Chemicals delayed paying its suppliers.

Global Heavy Chemicals Days Payable Historical Data

The historical data trend for Global Heavy Chemicals'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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Global Heavy Chemicals Days Payable Chart

Global Heavy Chemicals Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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2.32

3.27

3.17

2.66

4.11

Global Heavy Chemicals 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															2.64	1.94	19.30	57.61	110.22

Competitive Comparison of Global Heavy Chemicals's Days Payable

For the Chemicals subindustry, Global Heavy Chemicals'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.

Global Heavy Chemicals's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Global Heavy Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Global Heavy Chemicals's Days Payable falls into.

Global Heavy Chemicals 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.

Global Heavy Chemicals'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
=	( (3.467	+	12.301)	/	2 )	/	700.929	*	365
=	7.884					/	700.929	*	365
=	4.11

Global Heavy Chemicals'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
=	( (217.519	+	216.085)	/	2 )	/	179.486	*	365 / 4
=	216.802					/	179.486	*	365 / 4
=	110.22

Global Heavy Chemicals Days Payable Related Terms

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Global Heavy Chemicals (DHA:GHCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Global Heavy Chemicals Ltd (DHA:GHCL) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

37, Segun Bagicha, Dhaka, BGD, 1000

Website

http://www.ghclbd.com

Global Heavy Chemicals Ltd is Bangladesh-Based a chemical manufacturing company. The principal business activity of the company is to manufacture and distribute Sodium hydroxide, Chlorine and other chemical products. Its product portfolio includes certain brands for retail purposes such as Clotech Liquid Bleach, Tuffclean Tiles Cleaner and others.

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