Aluworks (XGHA:ALW) Days Payable: 72.13 (As of Dec. 2020)


What is Aluworks Days Payable?

Aluworks XGHA:ALW Days Payable is 72.13 as of Dec. 2020.

Aluworks's average Accounts Payable for the six months ended in Dec. 2020 was GHS14.62 Mil. Aluworks's Cost of Goods Sold for the six months ended in Dec. 2020 was GHS74.01 Mil. Hence, Aluworks's Days Payable for the six months ended in Dec. 2020 was 36.06.

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

XGHA:ALW's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 127.62
* Ranked among companies with meaningful Days Payable only.

Aluworks's Days Payable declined from Dec. 2018 (119.62) to Dec. 2020 (72.13). It may suggest that Aluworks accelerated paying its suppliers.

Aluworks Days Payable Historical Data

* Premium members only.

The historical data trend for Aluworks'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.

Aluworks Days Payable Chart

Aluworks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable
Get a 7-Day Free Trial 131.52 108.24 119.62 73.70 72.13

Aluworks Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable Get a 7-Day Free Trial 131.52 108.24 119.62 73.70 72.13

XGHA:ALW vs AA: Days Payable Comparison

For the Aluminum subindustry, Aluworks'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.

Aluworks Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluworks's Days Payable distribution charts can be found below:

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


Aluworks 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.

Aluworks's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (15.091 + 14.158) / 2 ) / 74.005*365
=14.6245 / 74.005*365
=72.13

Aluworks's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

Days Payable (Q: Dec. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2019 ) + Accounts Payable (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (15.091 + 14.158) / 2 ) / 74.005*365 / 2
=14.6245 / 74.005*365 / 2
=36.06

* 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 72.13 mean?
Aluworks (XGHA:ALW) has a Days Payable of 72.13 as of Dec. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Aluworks and its competitors.
Is Aluworks' Days Payable too high?
Aluworks' current Days Payable is 72.13. The Metals & Mining industry median Days Payable is 127.62. Aluworks' value of 72.13 is 43.5% below this industry median.
How does Aluworks' Days Payable compare to AA?
Aluworks' Days Payable of 72.13 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 127.62. Aluworks' value of 72.13 is 43.5% below 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.62, based on 1,064 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. Aluworks's current Days Payable of 72.13 is 43.5% 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 Aluworks and its competitors. For the Metals & Mining industry, the median Days Payable is 127.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aluworks's current Days Payable is 72.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aluworks stock overvalued right now?
Aluworks (XGHA:ALW) has a current Days Payable of 72.13. The current Days Payable is 72.13 and 43.5% below the Metals & Mining industry median of 127.62. 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 Aluworks (XGHA:ALW), the current Days Payable is 72.13 as of Dec. 2020. 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.

Aluworks Business Description

Address Plot No. 63/1, Heavy Industrial Area, P. O. Box CO 914, Greater Accra, Tema, GHA
Aluworks Ltd is engaged in continuous casting and cold rolling of aluminum products. The company manufactures aluminum coils, circles, corrugated sheets, and flat sheets. It acts as a supplier of aluminum coils, discs, flat sheets and sheet-in-coil as raw materials for many small and medium-scale factories manufacturing aluminum household cooking utensils, corrugated roofing sheets, and general fabrication. The company generates the majority of its revenue from Ghana.