Appollo Ispat Complex (DHA:APOLOISPAT) Days Payable: 2.99 (As of Mar. 2019)


DHA:APOLOISPAT Appollo Ispat Complex Ltd DHA:APOLOISPAT
5 GF Score
Price BDT3.20
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What is Appollo Ispat Complex Days Payable?

Appollo Ispat Complex DHA:APOLOISPAT 5 Days Payable is 2.99 as of Mar. 2019. GuruFocus rates DHA:APOLOISPAT with a GF Score™ of 5/100.

Appollo Ispat Complex's average Accounts Payable for the three months ended in Mar. 2019 was BDT19 Mil. Appollo Ispat Complex's Cost of Goods Sold for the three months ended in Mar. 2019 was BDT564 Mil. Hence, Appollo Ispat Complex's Days Payable for the three months ended in Mar. 2019 was 2.99.

The historical rank and industry rank for Appollo Ispat Complex's Days Payable or its related term are showing as below:

DHA:APOLOISPAT's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.39
* Ranked among companies with meaningful Days Payable only.

Appollo Ispat Complex's Days Payable increased from Mar. 2018 (1.63) to Mar. 2019 (2.99). It may suggest that Appollo Ispat Complex delayed paying its suppliers.

Appollo Ispat Complex Days Payable Historical Data

* Premium members only.

The historical data trend for Appollo Ispat Complex'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.

Appollo Ispat Complex Days Payable Chart

Appollo Ispat Complex Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Days Payable
Get a 7-Day Free Trial 1.70 2.30 1.80 0.97 1.39

Appollo Ispat Complex Quarterly Data
Mar14 Jun14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.63 3.96 3.74 4.64 2.99

DHA:APOLOISPAT vs TPCS: Days Payable Comparison

For the Steel subindustry, Appollo Ispat Complex'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.

Appollo Ispat Complex Days Payable vs Steel Industry

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

* The bar in red indicates where Appollo Ispat Complex's Days Payable falls into.


DHA:APOLOISPAT
5GF Score
Appollo Ispat Complex Ltd DHA:APOLOISPAT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Appollo Ispat Complex 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.

Appollo Ispat Complex's Days Payable for the fiscal year that ended in Jun. 2018 is calculated as

Days Payable (A: Jun. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2017 ) + Accounts Payable (A: Jun. 2018 )) / count ) / Cost of Goods Sold (A: Jun. 2018 )*Days in Period
=( (6.563 + 17.441) / 2 ) / 3147.799*365
=12.002 / 3147.799*365
=1.39

Appollo Ispat Complex's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

Days Payable (Q: Mar. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2018 ) + Accounts Payable (Q: Mar. 2019 )) / count ) / Cost of Goods Sold (Q: Mar. 2019 )*Days in Period
=( (14.937 + 22.068) / 2 ) / 564.309*365 / 4
=18.5025 / 564.309*365 / 4
=2.99

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 2.99 mean?
Appollo Ispat Complex (DHA:APOLOISPAT) has a Days Payable of 2.99 as of Mar. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Appollo Ispat Complex and its competitors.
Is Appollo Ispat Complex's Days Payable too high?
Appollo Ispat Complex's current Days Payable is 2.99. The Steel industry median Days Payable is 41.39. Appollo Ispat Complex's value of 2.99 is 92.8% below this industry median. Overall, Appollo Ispat Complex has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Appollo Ispat Complex's Days Payable compare to TPCS?
Appollo Ispat Complex's Days Payable of 2.99 can be compared against companies in the Steel industry. The industry median Days Payable is 41.39. Appollo Ispat Complex's value of 2.99 is 92.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Appollo Ispat Complex's current Days Payable of 2.99 is 92.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Appollo Ispat Complex and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appollo Ispat Complex's current Days Payable is 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appollo Ispat Complex stock overvalued right now?
Appollo Ispat Complex (DHA:APOLOISPAT) has a current Days Payable of 2.99. The current Days Payable is 2.99 and 92.8% below the Steel industry median of 41.39. Appollo Ispat Complex's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Appollo Ispat Complex (DHA:APOLOISPAT), the current Days Payable is 2.99 as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Appollo Ispat Complex Business Description

Address 407, Tejgaon Industrial Area, Dhaka, BGD, 1208
Appollo Ispat Complex Ltd manufactures and sells corrugated iron sheets in Bangladesh and internationally. It offers cold rolled coils; iron or steel galvanized sheets/coils; and ridges. The company's products are used for roofing of new factories, warehouses, and sheds in industrial applications; roofing cow sheds, the roofing and side fencing of poultry farms, and the fencing of agricultural projects; and roofing small shops, shutter as well as for fencing around the construction area.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT3.20
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