PT Indo-Rama Synthetics Tbk (ISX:INDR) Days Payable : 91.55 (As of Mar. 2024)

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What is PT Indo-Rama Synthetics Tbk Days Payable?

PT Indo-Rama Synthetics Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp3,427,692 Mil. PT Indo-Rama Synthetics Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp3,416,492 Mil. Hence, PT Indo-Rama Synthetics Tbk's Days Payable for the three months ended in Mar. 2024 was 91.55.

The historical rank and industry rank for PT Indo-Rama Synthetics Tbk's Days Payable or its related term are showing as below:

ISX:INDR' s Days Payable Range Over the Past 10 Years
Min: 77.86 Med: 97.23 Max: 129.98
Current: 91.84

During the past 13 years, PT Indo-Rama Synthetics Tbk's highest Days Payable was 129.98. The lowest was 77.86. And the median was 97.23.

ISX:INDR's Days Payable is ranked better than
74.24% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs ISX:INDR: 91.84

PT Indo-Rama Synthetics Tbk's Days Payable increased from Mar. 2023 (85.48) to Mar. 2024 (91.55). It may suggest that PT Indo-Rama Synthetics Tbk delayed paying its suppliers.

PT Indo-Rama Synthetics Tbk Days Payable Historical Data

The historical data trend for PT Indo-Rama Synthetics 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 Indo-Rama Synthetics Tbk Days Payable Chart

PT Indo-Rama Synthetics Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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97.44

97.01

77.86

78.07

96.16

PT Indo-Rama Synthetics 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															85.48	84.35	91.10	107.25	91.55

Competitive Comparison of PT Indo-Rama Synthetics Tbk's Days Payable

For the Textile Manufacturing subindustry, PT Indo-Rama Synthetics 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 Indo-Rama Synthetics Tbk's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Indo-Rama Synthetics Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Indo-Rama Synthetics Tbk's Days Payable falls into.

PT Indo-Rama Synthetics 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 Indo-Rama Synthetics 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
=	( (3009468.496	+	3543103.887)	/	2 )	/	12436312.679	*	365
=	3276286.1915					/	12436312.679	*	365
=	96.16

PT Indo-Rama Synthetics 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
=	( (3543103.887	+	3312280.226)	/	2 )	/	3416492.337	*	365 / 4
=	3427692.0565					/	3416492.337	*	365 / 4
=	91.55

PT Indo-Rama Synthetics Tbk Days Payable Related Terms

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PT Indo-Rama Synthetics Tbk (ISX:INDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Indo-Rama Synthetics Tbk (ISX:INDR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan H. R. Rasuna Said, Blok X-1, Kav. 1-2, Graha Irama, 17th Floor, Jakarta, IDN, 12950

Website

https://www.indorama.co.id

PT Indo-Rama Synthetics Tbk manufactures polyester, fertilizers, and textiles. The company operates in segments that include Spun Yarns which manufactures spun yarn and sewing threads, Polyester which manufactures polyester yarns, polyester staple fiber, chips, and pet resin, Fabrics which manufactures polyester fabrics, and others which is engaged in trading, investment, and Other activities. The Spun Yarn and Polyester segment of the company generates maximum revenue for the company. Geographically the company exports its products to Europe, Asia, and North and South America.

PT Indo-Rama Synthetics Tbk (ISX:INDR) Headlines

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