Western Marine Shipyard (DHA:WMSHIPYARD) Days Payable: 62.18 (As of Jun. 2025) — 68% Above Median


DHA:WMSHIPYARD Western Marine Shipyard Ltd DHA:WMSHIPYARD
76 GF Score
Price BDT10.40
GF Value BDT13.03
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Western Marine Shipyard Days Payable?

Western Marine Shipyard DHA:WMSHIPYARD +1.01% 76 Days Payable is 62.18 as of Jun. 2025, which is 68% above its 10-year median of 37.04. GuruFocus rates DHA:WMSHIPYARD with a GF Score™ of 76/100 and a GF Value™ of BDT13.03 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 337 Aerospace & Defense companies, Western Marine Shipyard ranks worse than 51.93% on this metric.

Western Marine Shipyard's average Accounts Payable for the six months ended in Jun. 2025 was BDT97.7 Mil. Western Marine Shipyard's Cost of Goods Sold for the six months ended in Jun. 2025 was BDT573.8 Mil. Hence, Western Marine Shipyard's Days Payable for the six months ended in Jun. 2025 was 31.09.

The historical rank and industry rank for Western Marine Shipyard's Days Payable or its related term are showing as below:

DHA:WMSHIPYARD' s Days Payable Range Over the Past 10 Years
Min: 17.01   Med: 37.04   Max: 62.18
Current: 62.18

During the past 11 years, Western Marine Shipyard's highest Days Payable was 62.18. The lowest was 17.01. And the median was 37.04.

DHA:WMSHIPYARD's Days Payable is ranked worse than
51.93% of 337 companies
in the Aerospace & Defense industry
Industry Median: 64.7 vs DHA:WMSHIPYARD: 62.18

Western Marine Shipyard's Days Payable increased from Jun. 2023 (60.17) to Jun. 2025 (62.18). It may suggest that Western Marine Shipyard delayed paying its suppliers.


Western Marine Shipyard Days Payable Historical Data

* Premium members only.

The historical data trend for Western Marine Shipyard'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.

Western Marine Shipyard Days Payable Chart

Western Marine Shipyard Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.42 54.56 60.17 58.89 62.18

Western Marine Shipyard Semi-Annual Data
Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 51.42 54.56 60.17 58.89 62.18

DHA:WMSHIPYARD vs SPCX, GE, RTX: Days Payable Comparison

For the Aerospace & Defense subindustry, Western Marine Shipyard'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.


Western Marine Shipyard Days Payable vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Western Marine Shipyard's Days Payable distribution charts can be found below:

* The bar in red indicates where Western Marine Shipyard's Days Payable falls into.


DHA:WMSHIPYARD
76GF Score
Western Marine Shipyard Ltd DHA:WMSHIPYARD
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Marine Shipyard 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.

Western Marine Shipyard's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (96.365 + 99.122) / 2 ) / 573.804*365
=97.7435 / 573.804*365
=62.18

Western Marine Shipyard's Days Payable for the quarter that ended in Jun. 2025 is calculated as:

Days Payable (Q: Jun. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Jun. 2025 )) / count ) / Cost of Goods Sold (Q: Jun. 2025 )*Days in Period
=( (96.365 + 99.122) / 2 ) / 573.804*365 / 2
=97.7435 / 573.804*365 / 2
=31.09

* 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 62.18 mean?
Western Marine Shipyard (DHA:WMSHIPYARD) has a Days Payable of 62.18 as of Jun. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Western Marine Shipyard and its competitors. This is 68% above median its historical median of 37.04. Over the past decade, Western Marine Shipyard's Days Payable has ranged from 17.01 to 62.18. According to the industry distribution chart, Western Marine Shipyard ranks #175 out of 337 companies in the Aerospace & Defense industry, placing it in the top 51.9%.
Is Western Marine Shipyard's Days Payable too high?
Western Marine Shipyard's current Days Payable of 62.18 is 68% above median its 10-year median of 37.04. Over the past 10 years, this metric has ranged from a low of 17.01 to a high of 62.18. The Aerospace & Defense industry median Days Payable is 64.70. Western Marine Shipyard's value of 62.18 is 3.9% below this industry median. Based on the distribution chart, Western Marine Shipyard ranks #175 out of 337 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Western Marine Shipyard has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Marine Shipyard's Days Payable compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Western Marine Shipyard ranks #175 out of 337 companies for Days Payable. This places Western Marine Shipyard in the lower half of its industry. The industry median Days Payable is 64.70. Western Marine Shipyard's value of 62.18 is 3.9% below this benchmark. Historically, Western Marine Shipyard's own Days Payable has ranged from 17.01 to 62.18 over the past decade. While the company's 10-year median is 37.04 vs. the industry median of 64.70, Western Marine Shipyard 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 an Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 64.70, based on 337 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. Western Marine Shipyard's current Days Payable of 62.18 is 3.9% 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 Western Marine Shipyard and its competitors. For the Aerospace & Defense industry, the median Days Payable is 64.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Marine Shipyard's current Days Payable is 62.18, which is 68% above median its own 10-year median of 37.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Marine Shipyard stock overvalued right now?
Based on GuruFocus' analysis, Western Marine Shipyard (DHA:WMSHIPYARD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT13.03, compared to a current price of BDT10.40 — trading 20.2% below its estimated fair value. The current Days Payable is 62.18, which is 68% above median its 10-year median of 37.04 and 3.9% below the Aerospace & Defense industry median of 64.70. Western Marine Shipyard's overall GF Score™ is 76/100 with 8 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 Western Marine Shipyard (DHA:WMSHIPYARD), the current Days Payable is 62.18 as of Jun. 2025. 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 Western Marine Shipyard (DHA:WMSHIPYARD) Overvalued in 2026?

Based on GuruFocus' analysis, Western Marine Shipyard stock appears to be undervalued. The current stock price of BDT10.40 is trading 20.2% below its estimated GF Value™ of BDT13.03. GuruFocus considers Western Marine Shipyard to be Modestly Undervalued.

Key valuation signals for DHA:WMSHIPYARD:

  • Days Payable: 62.18 (68% above median its 10-year median of 37.04)
  • GF Value™: BDT13.03 vs. price of BDT10.40 (20.2% below fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 3.9% below the Aerospace & Defense median (#175 of 337)

No single metric tells the full story. See the DHA:WMSHIPYARD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Marine Shipyard Business Description

Address 1140/A-8 Strand Road, Amin Future Park, 7th Floor, Chattogram, BGD
Western Marine Shipyard Ltd is a public limited company engaged in shipbuilding and related marine engineering activities and operates as an export-oriented shipyard in Bangladesh. The Company specializes in the construction of various vessels, including multi-purpose cargo ships, inland container vessels, inland tankers, passenger ships, Ro-Ro ferries, port utility vessels, tugs, offshore petroleum vessels, fishing trawlers, barges, dredgers, and landing crafts. Its activities mainly comprise new shipbuilding for domestic use and for export markets, supported by in-house ship design facilities and shipyard operations. The Company operates in Bangladesh and has exported vessels to countries such as Germany, Norway, Ecuador, New Zealand, and Kenya, as well as serving domestic clients.
76GF Score

Get the complete analysis for DHA:WMSHIPYARD

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT10.40
Price
BDT13.03
GF Value