Hamid Fabrics (DHA:HFL) Days Payable: 70.53 (As of Sep. 2024)

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DHA:HFL Hamid Fabrics PLC DHA:HFL
10 GF Score
Price BDT15.30
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What is Hamid Fabrics Days Payable?

Hamid Fabrics DHA:HFL -0.65% 10 Days Payable is 70.53 as of Sep. 2024. GuruFocus rates DHA:HFL with a GF Score™ of 10/100.

Hamid Fabrics's average Accounts Payable for the three months ended in Sep. 2024 was BDT191 Mil. Hamid Fabrics's Cost of Goods Sold for the three months ended in Sep. 2024 was BDT248 Mil. Hence, Hamid Fabrics's Days Payable for the three months ended in Sep. 2024 was 70.53.

The historical rank and industry rank for Hamid Fabrics's Days Payable or its related term are showing as below:

DHA:HFL's Days Payable is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 54.435
* Ranked among companies with meaningful Days Payable only.

Hamid Fabrics's Days Payable increased from Jun. 2023 (42.41) to Sep. 2024 (70.53). It may suggest that Hamid Fabrics delayed paying its suppliers.


Hamid Fabrics Days Payable Historical Data

* Premium members only.

The historical data trend for Hamid Fabrics'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.

Hamid Fabrics Days Payable Chart

Hamid Fabrics Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.43 33.90 35.57 49.82 50.74

Hamid Fabrics Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 42.41 25.31 6.19 6.38 70.53

Hamid Fabrics Days Payable Competitor Comparison

For the Textile Manufacturing subindustry, Hamid Fabrics'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.


Hamid Fabrics Days Payable vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Hamid Fabrics's Days Payable falls into.


DHA:HFL
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Hamid Fabrics PLC DHA:HFL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hamid Fabrics 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.

Hamid Fabrics'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
=( (446.226 + 192.529) / 2 ) / 2297.584*365
=319.3775 / 2297.584*365
=50.74

Hamid Fabrics's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (21.607 + 361.004) / 2 ) / 247.5*365 / 4
=191.3055 / 247.5*365 / 4
=70.53

* 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 70.53 mean?
Hamid Fabrics (DHA:HFL) has a Days Payable of 70.53 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hamid Fabrics and its competitors.
Is Hamid Fabrics' Days Payable too high?
Hamid Fabrics' current Days Payable is 70.53. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.44. Hamid Fabrics' value of 70.53 is 29.6% above this industry median. Overall, Hamid Fabrics has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Hamid Fabrics' Days Payable compare to competitors?
Hamid Fabrics' Days Payable of 70.53 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Days Payable is 54.44. Hamid Fabrics' value of 70.53 is 29.6% above 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.44, 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. Hamid Fabrics's current Days Payable of 70.53 is 29.6% above 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 Hamid Fabrics and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamid Fabrics's current Days Payable is 70.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamid Fabrics stock overvalued right now?
Hamid Fabrics (DHA:HFL) has a current Days Payable of 70.53. The current Days Payable is 70.53 and 29.6% above the Manufacturing - Apparel & Accessories industry median of 54.44. Hamid Fabrics' overall GF Score™ is 10/100. 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 Hamid Fabrics (DHA:HFL), the current Days Payable is 70.53 as of Sep. 2024. 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.

Hamid Fabrics Business Description

Address 24, Gulshan C/A, Circle-2, Hamid Tower (7th Floor), Dhaka, BGD, 1212
Hamid Fabrics PLC is a manufacturer of solid-dye fabric for the readymade garment industry. The company's product range includes cotton fabrics as well as blended fabrics such as cotton/polyester, cotton/viscose, nylon/cotton and cotton/lycra. The weaving unit produces grey fabrics in various designs and constructions such as Twill, Canvas, Oxford, Rib stop, Rib cord, Ottoman, Herringbone, and various dobby designs of different weight ranges. The finishing mix of Hamid Fabrics Limited comprises water repellent, fireproof, wrinkle-free, Teflon coating, aero finish and chintz finish. The company caters to the markets in the United States of American and the European Union.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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