PT Multistrada Arahrana Tbk (ISX:MASA) Days Payable : 48.26 (As of Mar. 2024)

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What is PT Multistrada Arahrana Tbk Days Payable?

PT Multistrada Arahrana Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp548,162 Mil. PT Multistrada Arahrana Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp1,036,417 Mil. Hence, PT Multistrada Arahrana Tbk's Days Payable for the three months ended in Mar. 2024 was 48.26.

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

ISX:MASA' s Days Payable Range Over the Past 10 Years
Min: 44.47 Med: 69.25 Max: 108.99
Current: 50.02

During the past 13 years, PT Multistrada Arahrana Tbk's highest Days Payable was 108.99. The lowest was 44.47. And the median was 69.25.

ISX:MASA's Days Payable is ranked worse than
64.53% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs ISX:MASA: 50.02

PT Multistrada Arahrana Tbk's Days Payable declined from Mar. 2023 (61.36) to Mar. 2024 (48.26). It may suggest that PT Multistrada Arahrana Tbk accelerated paying its suppliers.

PT Multistrada Arahrana Tbk Days Payable Historical Data

The historical data trend for PT Multistrada Arahrana 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 Multistrada Arahrana Tbk Days Payable Chart

PT Multistrada Arahrana Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.06

75.11

63.39

58.59

53.06

PT Multistrada Arahrana 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															61.36	48.04	43.22	62.51	48.26

Competitive Comparison of PT Multistrada Arahrana Tbk's Days Payable

For the Auto Parts subindustry, PT Multistrada Arahrana 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 Multistrada Arahrana Tbk's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, PT Multistrada Arahrana Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Multistrada Arahrana Tbk's Days Payable falls into.

PT Multistrada Arahrana 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 Multistrada Arahrana 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
=	( (724979.432	+	589106.751)	/	2 )	/	4519522.043	*	365
=	657043.0915					/	4519522.043	*	365
=	53.06

PT Multistrada Arahrana 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
=	( (589106.751	+	507216.997)	/	2 )	/	1036417.2	*	365 / 4
=	548161.874					/	1036417.2	*	365 / 4
=	48.26

PT Multistrada Arahrana Tbk Days Payable Related Terms

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PT Multistrada Arahrana Tbk (ISX:MASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Multistrada Arah Sarana Tbk (ISX:MASA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

QGH:Germany

Address

Jalan Raya Lemahabang Km. 58.3, Desa Karangsari, Cikarang Timur, Jawa Barat, Bekasi, IDN, 17550

Website

https://www.multistrada.co.id

PT Multistrada Arah Sarana Tbk is an Indonesian tire manufacturing company. It has developed two brands of vehicle tire products, which are Achilles and Corsa. Achilles is a brand of car tire that is able to be used by Passenger Car type, Sports Utility Vehicle (SUV) and Light Truck with Steel Belted Tubeless type. Corsa is a brand of tire for two-wheeled vehicles.

PT Multistrada Arahrana Tbk (ISX:MASA) Headlines

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