Matin Spinning Mills (DHA:MATINSPINN) Days Payable

: 11.76 (As of Dec. 2023)

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Matin Spinning Mills's average Accounts Payable for the three months ended in Dec. 2023 was BDT222 Mil. Matin Spinning Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT1,724 Mil. Hence, Matin Spinning Mills's Days Payable for the three months ended in Dec. 2023 was 11.76.

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

DHA:MATINSPINN' s Days Payable Range Over the Past 10 Years
Min: 4.88 Med: 8.62 Max: 37.41
Current: 12.13

During the past 11 years, Matin Spinning Mills's highest Days Payable was 37.41. The lowest was 4.88. And the median was 8.62.

DHA:MATINSPINN's Days Payable is ranked worse than
92.77% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs DHA:MATINSPINN: 12.13

Matin Spinning Mills's Days Payable declined from Dec. 2022 (14.92) to Dec. 2023 (11.76). It may suggest that Matin Spinning Mills accelerated paying its suppliers.

Matin Spinning Mills Days Payable Historical Data

The historical data trend for Matin 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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Matin Spinning Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

4.88

6.14

6.89

7.39

7.52

Matin Spinning Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																14.92	14.54	11.52	9.74	11.76

Competitive Comparison

For the Textile Manufacturing subindustry, Matin 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.

Matin Spinning Mills Days Payable Distribution

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

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

Matin 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.

Matin 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
=	( (99.637	+	164.717)	/	2 )	/	6415.053	*	365
=	132.177					/	6415.053	*	365
=	7.52

Matin Spinning Mills'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (223.768	+	220.697)	/	2 )	/	1724.196	*	365 / 4
=	222.2325					/	1724.196	*	365 / 4
=	11.76

Matin Spinning Mills Days Payable Related Terms

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Matin Spinning Mills (DHA:MATINSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Matin Spinning Mills PLC (DHA:MATINSPINN) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Road 03, House 50, Capita South Avenue Tower, 6th Floor, 7 Gulshan Avenue, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.matinspinning.com

Matin Spinning Mills PLC manufactures and sells all types of Cotton, Viscose, Polyester, Melange and their blend in Bangladesh. The company's manufacturing plant is located at Sardagonj, Dhaka, Bangladesh.

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