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Argon DenimsDHA:ARGONDENIM -0.48%88 Days Payable is 2.23 as of Mar. 2026, which is 17% below its 10-year median of 2.70. GuruFocus rates DHA:ARGONDENIM with a GF Score™ of 88/100 and a GF Value™ of BDT16.70 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Argon Denims ranks worse than 98.53% on this metric.
The historical rank and industry rank for Argon Denims's Days Payable or its related term are showing as below:
DHA:ARGONDENIM'
s Days Payable Range Over the Past 10 Years
Min: 1.54 Med: 2.7 Max: 7.56
Current: 3.1
During the past 11 years, Argon Denims's highest Days Payable was 7.56. The lowest was 1.54. And the median was 2.70.
DHA:ARGONDENIM's Days Payable is ranked worse than 98.53% of 1020
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.265
vs DHA:ARGONDENIM: 3.10
Argon Denims's Days Payable
declined
from Mar. 2025 (12.71) to Mar. 2026 (2.23).
It may suggest that Argon Denimsaccelerated paying its suppliers.
Argon Denims Days Payable Related Terms
Argon Denims Days Payable Historical Data
* Premium members only.
The historical data trend for Argon Denims'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.
For the Textile Manufacturing subindustry, Argon Denims'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.
Argon Denims Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Argon Denims's Days Payable distribution charts can be found below:
* The bar in red indicates where Argon Denims's Days Payable falls into.
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.
Argon Denims's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Argon Denims (DHA:ARGONDENIM) has a Days Payable of 2.23 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Argon Denims and its competitors. This is 17% below median its historical median of 2.70. Over the past decade, Argon Denims' Days Payable has ranged from 1.54 to 7.56. According to the industry distribution chart, Argon Denims ranks #1005 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 98.5%.
Is Argon Denims' Days Payable too high?
Argon Denims' current Days Payable of 2.23 is 17% below median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 7.56. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.27. Argon Denims' value of 2.23 is 95.9% below this industry median. Based on the distribution chart, Argon Denims ranks #1005 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Argon Denims has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argon Denims' Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Argon Denims ranks #1005 out of 1020 companies for Days Payable. This places Argon Denims in the lower half of its industry. The industry median Days Payable is 54.27. Argon Denims' value of 2.23 is 95.9% below this benchmark. Historically, Argon Denims' own Days Payable has ranged from 1.54 to 7.56 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 54.27, Argon Denims has consistently been below the industry average. 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.27, based on 1,020 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. Argon Denims's current Days Payable of 2.23 is 95.9% 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 Argon Denims and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argon Denims's current Days Payable is 2.23, which is 17% below median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argon Denims stock overvalued right now?
Based on GuruFocus' analysis, Argon Denims (DHA:ARGONDENIM) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT16.70, compared to a current price of BDT20.80 — trading 24.6% above its estimated fair value. The current Days Payable is 2.23, which is 17% below median its 10-year median of 2.70 and 95.9% below the Manufacturing - Apparel & Accessories industry median of 54.27. Argon Denims' overall GF Score™ is 88/100 with 12 warning signs to review. 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 Argon Denims (DHA:ARGONDENIM), the current Days Payable is 2.23 as of Mar. 2026. 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.
Is Argon Denims (DHA:ARGONDENIM) Overvalued in 2026?
Based on GuruFocus' analysis, Argon Denims stock appears to be overvalued.
The current stock price of BDT20.80 is trading 24.6% above its estimated GF Value™ of BDT16.70.
GuruFocus considers Argon Denims to be Modestly Overvalued.
Key valuation signals for DHA:ARGONDENIM:
Days Payable: 2.23 (17% below median its 10-year median of 2.70)
GF Value™: BDT16.70 vs. price of BDT20.80 (24.6% above fair value)
Industry Position: 95.9% below the Manufacturing - Apparel & Accessories median (#1005 of 1020)
No single metric tells the full story. See the DHA:ARGONDENIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing, printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics, whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST, with casts and colors.
88GF Score
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