PT Golden Eagle Energy Tbk (ISX:SMMT) Days Payable : 65.61 (As of Mar. 2024)

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What is PT Golden Eagle Energy Tbk Days Payable?

PT Golden Eagle Energy Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp50,638 Mil. PT Golden Eagle Energy Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp70,428 Mil. Hence, PT Golden Eagle Energy Tbk's Days Payable for the three months ended in Mar. 2024 was 65.61.

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

ISX:SMMT' s Days Payable Range Over the Past 10 Years
Min: 3.97 Med: 6.59 Max: 25.95
Current: 23.35

During the past 13 years, PT Golden Eagle Energy Tbk's highest Days Payable was 25.95. The lowest was 3.97. And the median was 6.59.

ISX:SMMT's Days Payable is ranked worse than
88.89% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs ISX:SMMT: 23.35

PT Golden Eagle Energy Tbk's Days Payable increased from Mar. 2023 (20.28) to Mar. 2024 (65.61). It may suggest that PT Golden Eagle Energy Tbk delayed paying its suppliers.

PT Golden Eagle Energy Tbk Days Payable Historical Data

The historical data trend for PT Golden Eagle Energy 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 Golden Eagle Energy Tbk Days Payable Chart

PT Golden Eagle Energy Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.59

25.95

18.38

13.90

25.04

PT Golden Eagle Energy 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															20.28	25.22	15.36	23.06	65.61

Competitive Comparison of PT Golden Eagle Energy Tbk's Days Payable

For the Thermal Coal subindustry, PT Golden Eagle Energy 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 Golden Eagle Energy Tbk's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Golden Eagle Energy Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Golden Eagle Energy Tbk's Days Payable falls into.

PT Golden Eagle Energy 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 Golden Eagle Energy 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
=	( (42632.908	+	72454.327)	/	2 )	/	838890.686	*	365
=	57543.6175					/	838890.686	*	365
=	25.04

PT Golden Eagle Energy 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
=	( (72454.327	+	28821.456)	/	2 )	/	70427.657	*	365 / 4
=	50637.8915					/	70427.657	*	365 / 4
=	65.61

PT Golden Eagle Energy Tbk Days Payable Related Terms

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PT Golden Eagle Energy Tbk (ISX:SMMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Golden Eagle Energy Tbk (ISX:SMMT) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jl. DR. Ide Anak Agung Gde Agung Lot No. 5.1, Menara Rajawali 7th floor, Kawasan Mega Kuningan, Jakarta, IDN, 12950

Website

https://www.go-eagle.co.id

PT Golden Eagle Energy Tbk is a mining company. The company's main product is coal, which is produced and sold by the company through its subsidiaries. The Company's coal reserve consists of subbituminous coal characterized by relatively low sulfur and ash content. The demand for this type of coal comes from domestic and international markets, particularly Asia, to meet the needs of power plants and cement industry The other supporting activities of the company are in the field of service, trading, construction, industry, and land transportation. The group produces and sells sub-bituminous coal with relatively low sulfur and ash content.