Agha Steel Industries (KAR:AGHA) Days Payable : 25.55 (As of Mar. 2024)

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What is Agha Steel Industries Days Payable?

Agha Steel Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₨905 Mil. Agha Steel Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨3,232 Mil. Hence, Agha Steel Industries's Days Payable for the three months ended in Mar. 2024 was 25.55.

The historical rank and industry rank for Agha Steel Industries's Days Payable or its related term are showing as below:

KAR:AGHA' s Days Payable Range Over the Past 10 Years
Min: 5.87 Med: 22.18 Max: 41.74
Current: 19

During the past 5 years, Agha Steel Industries's highest Days Payable was 41.74. The lowest was 5.87. And the median was 22.18.

KAR:AGHA's Days Payable is ranked worse than
80.68% of 585 companies
in the Steel industry
Industry Median: 41.52 vs KAR:AGHA: 19.00

Agha Steel Industries's Days Payable increased from Mar. 2023 (21.65) to Mar. 2024 (25.55). It may suggest that Agha Steel Industries delayed paying its suppliers.

Agha Steel Industries Days Payable Historical Data

The historical data trend for Agha Steel Industries'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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Agha Steel Industries Days Payable Chart

Agha Steel Industries Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

5.87

22.18

41.74

28.69

14.52

Agha Steel Industries Quarterly Data
	Jun19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												21.65	16.67	12.35	22.86	25.55

Competitive Comparison of Agha Steel Industries's Days Payable

For the Steel subindustry, Agha Steel Industries'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.

Agha Steel Industries's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Agha Steel Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Agha Steel Industries's Days Payable falls into.

Agha Steel Industries 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.

Agha Steel Industries'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
=	( (739.383	+	514.275)	/	2 )	/	15762.192	*	365
=	626.829					/	15762.192	*	365
=	14.52

Agha Steel Industries's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1169.731	+	639.688)	/	2 )	/	3231.543	*	365 / 4
=	904.7095					/	3231.543	*	365 / 4
=	25.55

Agha Steel Industries Days Payable Related Terms

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Agha Steel Industries (KAR:AGHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Agha Steel Industries Ltd (KAR:AGHA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-19 II Talwar, Block 5, Office 801 and 804, 8th Floor, Emerald Tower, Clifton, Karachi, SD, PAK

Website

https://www.aghasteel.com

Agha Steel Industries Ltd is engaged in the business of manufacturing and sale of steel bars, wire rods, and billets in Pakistan. The products of the company include Billets, Earthquake-resistant rebar G-60, Arcon 615 deformed Bar G-60, and E bar G-500+.

Agha Steel Industries (KAR:AGHA) Headlines

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