Hamid Fabrics (DHA:HFL) Days Payable : 6.19 (As of Dec. 2023)

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What is Hamid Fabrics Days Payable?

Hamid Fabrics's average Accounts Payable for the three months ended in Dec. 2023 was BDT28 Mil. Hamid Fabrics's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT408 Mil. Hence, Hamid Fabrics's Days Payable for the three months ended in Dec. 2023 was 6.19.

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 Range Over the Past 10 Years
Min: 33.9 Med: 43.46 Max: 58.43
Current: 39.37

During the past 10 years, Hamid Fabrics's highest Days Payable was 58.43. The lowest was 33.90. And the median was 43.46.

DHA:HFL's Days Payable is ranked worse than
65.63% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs DHA:HFL: 39.37

Hamid Fabrics's Days Payable declined from Dec. 2022 (58.47) to Dec. 2023 (6.19). It may suggest that Hamid Fabrics accelerated paying its suppliers.

Hamid Fabrics Days Payable Historical Data

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.

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Hamid Fabrics Days Payable Chart

Hamid Fabrics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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58.43

33.90

35.57

49.82

50.74

Hamid Fabrics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															58.47	74.65	42.41	25.31	6.19

Competitive Comparison of Hamid Fabrics's Days Payable

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's Days Payable Distribution in the 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.

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 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
=	( (38.153	+	17.17)	/	2 )	/	407.687	*	365 / 4
=	27.6615					/	407.687	*	365 / 4
=	6.19

Hamid Fabrics Days Payable Related Terms

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Hamid Fabrics (DHA:HFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hamid Fabrics PLC (DHA:HFL) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

24, Gulshan C/A, Circle-2, Hamid Tower (7th Floor), Dhaka, BGD, 1212

Website

https://www.mahingroup.com

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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