Al-Haj Textile Mills (DHA:AL-HAJTEX) Days Payable : 8.01 (As of Mar. 2023)

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What is Al-Haj Textile Mills Days Payable?

Al-Haj Textile Mills's average Accounts Payable for the three months ended in Mar. 2023 was BDT4.4 Mil. Al-Haj Textile Mills's Cost of Goods Sold for the three months ended in Mar. 2023 was BDT50.5 Mil. Hence, Al-Haj Textile Mills's Days Payable for the three months ended in Mar. 2023 was 8.01.

The historical rank and industry rank for Al-Haj Textile Mills's Days Payable or its related term are showing as below:

DHA:AL-HAJTEX's Days Payable is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 55.335
* Ranked among companies with meaningful Days Payable only.

Al-Haj Textile Mills's Days Payable increased from Mar. 2022 (2.82) to Mar. 2023 (8.01). It may suggest that Al-Haj Textile Mills delayed paying its suppliers.

Al-Haj Textile Mills Days Payable Historical Data

The historical data trend for Al-Haj Textile 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.

* Premium members only.

Al-Haj Textile Mills Days Payable Chart

Al-Haj Textile Mills Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Payable

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16.79

36.77

26.17

23.21

10.19

Al-Haj Textile Mills Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															2.82	8.10	4.98	3.86	8.01

Competitive Comparison of Al-Haj Textile Mills's Days Payable

For the Textile Manufacturing subindustry, Al-Haj Textile 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.

Al-Haj Textile Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Al-Haj Textile Mills's Days Payable falls into.

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Al-Haj Textile 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.

Al-Haj Textile Mills's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (11.94	+	5.298)	/	2 )	/	308.849	*	365
=	8.619					/	308.849	*	365
=	10.19

Al-Haj Textile Mills's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (4.846	+	4.019)	/	2 )	/	50.525	*	365 / 4
=	4.4325					/	50.525	*	365 / 4
=	8.01

Al-Haj Textile Mills Days Payable Related Terms

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Al-Haj Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Al-Haj Textile Mills Ltd (DHA:AL-HAJTEX) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

66, Dilkusha Commercial Area, 4th Floor, Dhaka, BGD, 1000

Website

https://www.alhajtextilemills.com

Al-Haj Textile Mills Ltd is a Bangladesh based company primarily engaged in the manufacturing and sale of cotton yarns. It offers cotton, polyester spun, poly-viscose blend, poly-cotton blend, and viscose spun yarns. It also offers advanced, reasonable solutions for any size-reduction requirements including quarry, aggregate, and various kinds of minerals.

Al-Haj Textile Mills Headlines

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