PT Ace Hardware Indonesia Tbk (ISX:ACES) Days Payable : 13.19 (As of Mar. 2024)

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What is PT Ace Hardware Indonesia Tbk Days Payable?

PT Ace Hardware Indonesia Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp148,283 Mil. PT Ace Hardware Indonesia Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp1,025,842 Mil. Hence, PT Ace Hardware Indonesia Tbk's Days Payable for the three months ended in Mar. 2024 was 13.19.

The historical rank and industry rank for PT Ace Hardware Indonesia Tbk's Days Payable or its related term are showing as below:

ISX:ACES' s Days Payable Range Over the Past 10 Years
Min: 12.59 Med: 16.42 Max: 23.51
Current: 14.5

During the past 13 years, PT Ace Hardware Indonesia Tbk's highest Days Payable was 23.51. The lowest was 12.59. And the median was 16.42.

ISX:ACES's Days Payable is ranked worse than
89.07% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.77 vs ISX:ACES: 14.50

PT Ace Hardware Indonesia Tbk's Days Payable declined from Mar. 2023 (15.21) to Mar. 2024 (13.19). It may suggest that PT Ace Hardware Indonesia Tbk accelerated paying its suppliers.

PT Ace Hardware Indonesia Tbk Days Payable Historical Data

The historical data trend for PT Ace Hardware Indonesia Tbk'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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PT Ace Hardware Indonesia Tbk Days Payable Chart

PT Ace Hardware Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.10

16.62

15.94

14.16

12.59

PT Ace Hardware Indonesia Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															15.21	15.75	16.99	12.47	13.19

Competitive Comparison of PT Ace Hardware Indonesia Tbk's Days Payable

For the Specialty Retail subindustry, PT Ace Hardware Indonesia Tbk'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.

PT Ace Hardware Indonesia Tbk's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT Ace Hardware Indonesia Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Ace Hardware Indonesia Tbk's Days Payable falls into.

PT Ace Hardware Indonesia Tbk 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.

PT Ace Hardware Indonesia Tbk's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (144350.074	+	125623.11)	/	2 )	/	3913777.307	*	365
=	134986.592					/	3913777.307	*	365
=	12.59

PT Ace Hardware Indonesia Tbk'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
=	( (125623.11	+	170942.879)	/	2 )	/	1025841.686	*	365 / 4
=	148282.9945					/	1025841.686	*	365 / 4
=	13.19

PT Ace Hardware Indonesia Tbk Days Payable Related Terms

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PT Ace Hardware Indonesia Tbk (ISX:ACES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PT Ace Hardware Indonesia Tbk (ISX:ACES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ACEHF:USA

Address

Jalan Puri Kencana No. 1, Kawan Lama Building, Kembangan Selatan, Jakarta, IDN, 11610

Website

https://www.acehardware.co.id

PT Ace Hardware Indonesia Tbk is an Indonesian company that produces household appliances and lifestyle products. The company operates across a network of cities in Indonesia. Ace Hardware segments its activities into a Home Improvement unit that includes hardware, cleaning aids, lighting, paint, and other products, and a Lifestyle unit that includes automotive, furniture, and home appliances. Through its subsidiary, PT Toys Game Indonesia, the company is also engaged in the toy retail industry. The company's home improvement and lifestyle product retail stores operate under the Ace brand, while the company's toy business operates under the Toys Kingdom brand. The majority of the company's revenue is derived from sales of its home improvement products.

PT Ace Hardware Indonesia Tbk (ISX:ACES) Headlines

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