Argent IndustrialJSE:ART -0.27%68 Days Payable is 78.66 as of Sep. 2025, which is 93% above its 10-year median of 40.70. GuruFocus rates JSE:ART with a GF Score™ of 68/100 and a GF Value™ of R23.59 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 602 Steel companies, Argent Industrial ranks better than 78.57% on this metric.
The historical rank and industry rank for Argent Industrial's Days Payable or its related term are showing as below:
JSE:ART'
s Days Payable Range Over the Past 10 Years
Min: 33.54 Med: 40.7 Max: 87.91
Current: 87.91
During the past 13 years, Argent Industrial's highest Days Payable was 87.91. The lowest was 33.54. And the median was 40.70.
JSE:ART's Days Payable is ranked better than 78.57% of 602
companies
in the Steel industry
Industry Median: 41.4
vs JSE:ART: 87.91
Argent Industrial's Days Payable
increased
from Sep. 2024 (76.32) to Sep. 2025 (78.66).
It may suggest that Argent Industrialdelayed paying its suppliers.
Argent Industrial Days Payable Related Terms
Argent Industrial Days Payable Historical Data
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The historical data trend for Argent Industrial'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 Steel subindustry, Argent Industrial'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.
Argent Industrial Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Argent Industrial's Days Payable distribution charts can be found below:
* The bar in red indicates where Argent Industrial'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.
Argent Industrial's Days Payable for the fiscal year that ended in Mar. 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.
Argent Industrial (JSE:ART) has a Days Payable of 78.66 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Argent Industrial and its competitors. This is 93% above median its historical median of 40.70. Over the past decade, Argent Industrial's Days Payable has ranged from 33.54 to 87.91. According to the industry distribution chart, Argent Industrial ranks #129 out of 602 companies in the Steel industry, placing it in the top 21.4%.
Is Argent Industrial's Days Payable too high?
Argent Industrial's current Days Payable of 78.66 is 93% above median its 10-year median of 40.70. Over the past 10 years, this metric has ranged from a low of 33.54 to a high of 87.91. The Steel industry median Days Payable is 41.40. Argent Industrial's value of 78.66 is 90% above this industry median. Based on the distribution chart, Argent Industrial ranks #129 out of 602 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Argent Industrial has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #129 out of 602 companies for Days Payable. This places Argent Industrial in the top 21% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.40. Argent Industrial's value of 78.66 is 90% above this benchmark. Historically, Argent Industrial's own Days Payable has ranged from 33.54 to 87.91 over the past decade. While the company's 10-year median is 40.70 vs. the industry median of 41.40, Argent Industrial has consistently been above 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 Steel company?
The median Days Payable among Steel companies is 41.40, based on 602 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. Argent Industrial's current Days Payable of 78.66 is 90% 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 Argent Industrial and its competitors. For the Steel industry, the median Days Payable is 41.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argent Industrial's current Days Payable is 78.66, which is 93% above median its own 10-year median of 40.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Significantly Overvalued. The stock's GF Value™ is R23.59, compared to a current price of R36.50 — trading 54.7% above its estimated fair value. The current Days Payable is 78.66, which is 93% above median its 10-year median of 40.70 and 90% above the Steel industry median of 41.40. Argent Industrial's overall GF Score™ is 68/100 with 4 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 Argent Industrial (JSE:ART), the current Days Payable is 78.66 as of Sep. 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 Argent Industrial (JSE:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued.
The current stock price of R36.50 is trading 54.7% above its estimated GF Value™ of R23.59.
GuruFocus considers Argent Industrial to be Significantly Overvalued.
Key valuation signals for JSE:ART:
Days Payable: 78.66 (93% above median its 10-year median of 40.70)
GF Value™: R23.59 vs. price of R36.50 (54.7% above fair value)
Industry Position: 90% above the Steel median (#129 of 602)
No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
68GF Score
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