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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Days Payable : 30.53 (As of Jun. 2023)


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What is PT Multi Spunindo Jaya Tbk Days Payable?

PT Multi Spunindo Jaya Tbk's average Accounts Payable for the six months ended in Jun. 2023 was Rp71,735 Mil. PT Multi Spunindo Jaya Tbk's Cost of Goods Sold for the six months ended in Jun. 2023 was Rp428,827 Mil. Hence, PT Multi Spunindo Jaya Tbk's Days Payable for the six months ended in Jun. 2023 was 30.53.

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

ISX:MSJA' s Days Payable Range Over the Past 10 Years
Min: 30.05   Med: 38.33   Max: 38.42
Current: 30.05

During the past 3 years, PT Multi Spunindo Jaya Tbk's highest Days Payable was 38.42. The lowest was 30.05. And the median was 38.33.

ISX:MSJA's Days Payable is ranked worse than
75.51% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs ISX:MSJA: 30.05

PT Multi Spunindo Jaya Tbk's Days Payable declined from Jun. 2022 (36.84) to Jun. 2023 (30.53). It may suggest that PT Multi Spunindo Jaya Tbk accelerated paying its suppliers.

PT Multi Spunindo Jaya Tbk Days Payable Historical Data

The historical data trend for PT Multi Spunindo Jaya 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.

* Premium members only.

PT Multi Spunindo Jaya Tbk Days Payable Chart

PT Multi Spunindo Jaya Tbk Annual Data
Trend Dec20 Dec21 Dec22
Days Payable
38.42 38.33 31.70

PT Multi Spunindo Jaya Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Days Payable - - 36.84 27.94 30.53

Competitive Comparison of PT Multi Spunindo Jaya Tbk's Days Payable

For the Textile Manufacturing subindustry, PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where PT Multi Spunindo Jaya Tbk's Days Payable falls into.


PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (102879.484 + 67753.47) / 2 ) / 982464.641*365
=85316.477 / 982464.641*365
=31.70

PT Multi Spunindo Jaya Tbk's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (67753.47 + 75716.027) / 2 ) / 428827.085*365 / 2
=71734.7485 / 428827.085*365 / 2
=30.53

* 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.

PT Multi Spunindo Jaya Tbk Days Payable Related Terms

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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Business Description

Industry
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Address
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PT MultiSpunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors.

PT Multi Spunindo Jaya Tbk (ISX:MSJA) Headlines

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