PT Budi Starch & Sweetener Tbk (ISX:BUDI) Days Payable : 13.88 (As of Mar. 2024)

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What is PT Budi Starch & Sweetener Tbk Days Payable?

PT Budi Starch & Sweetener Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp130,470 Mil. PT Budi Starch & Sweetener Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp857,545 Mil. Hence, PT Budi Starch & Sweetener Tbk's Days Payable for the three months ended in Mar. 2024 was 13.88.

The historical rank and industry rank for PT Budi Starch & Sweetener Tbk's Days Payable or its related term are showing as below:

ISX:BUDI' s Days Payable Range Over the Past 10 Years
Min: 9.63 Med: 28.69 Max: 61.49
Current: 10.26

During the past 13 years, PT Budi Starch & Sweetener Tbk's highest Days Payable was 61.49. The lowest was 9.63. And the median was 28.69.

ISX:BUDI's Days Payable is ranked worse than
95.3% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs ISX:BUDI: 10.26

PT Budi Starch & Sweetener Tbk's Days Payable increased from Mar. 2023 (10.59) to Mar. 2024 (13.88). It may suggest that PT Budi Starch & Sweetener Tbk delayed paying its suppliers.

PT Budi Starch & Sweetener Tbk Days Payable Historical Data

The historical data trend for PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk Days Payable Chart

PT Budi Starch & Sweetener Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.61

24.80

17.90

15.49

9.63

PT Budi Starch & Sweetener 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															10.59	8.77	5.43	10.02	13.88

Competitive Comparison of PT Budi Starch & Sweetener Tbk's Days Payable

For the Packaged Foods subindustry, PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Budi Starch & Sweetener Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Budi Starch & Sweetener Tbk's Days Payable falls into.

PT Budi Starch & Sweetener 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 Budi Starch & Sweetener 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
=	( (106321	+	76517)	/	2 )	/	3464462	*	365
=	91419					/	3464462	*	365
=	9.63

PT Budi Starch & Sweetener 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
=	( (76517	+	184423)	/	2 )	/	857545	*	365 / 4
=	130470					/	857545	*	365 / 4
=	13.88

PT Budi Starch & Sweetener Tbk Days Payable Related Terms

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PT Budi Starch & Sweetener Tbk (ISX:BUDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Budi Starch & Sweetener Tbk (ISX:BUDI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan H.R. Rasuna Said Kav. C-6, Wisma Budi 8th - 9th Floor, Jakarta, IDN, 12940

Website

https://www.budistarchsweetener.com

PT Budi Starch & Sweetener Tbk is an Indonesia-based company involved in the packaged food business sector. The Company's primary activities include industrial food processing and chemicals, and all derivative products produced from cassava, sweet potato, palm oil, copra, and other agricultural products and a wide variety of industries, especially the plastics industry. The segments of the company are tapioca starch, sweeteners, PP Woven Bags, Sulphuric Acid, and Other Chemical Products. The company generates maximum revenue from Tapioca starch products.

PT Budi Starch & Sweetener Tbk (ISX:BUDI) Headlines

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