PT AKRorindo Tbk (PT AKRorindo Tbk) Days Payable : 88.58 (As of Mar. 2024)

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What is PT AKRorindo Tbk Days Payable?

PT AKRorindo Tbk's average Accounts Payable for the three months ended in Mar. 2024 was $562 Mil. PT AKRorindo Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was $578 Mil. Hence, PT AKRorindo Tbk's Days Payable for the three months ended in Mar. 2024 was 88.58.

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

PKCPY' s Days Payable Range Over the Past 10 Years
Min: 66.98 Med: 80.7 Max: 103.05
Current: 75.2

During the past 13 years, PT AKRorindo Tbk's highest Days Payable was 103.05. The lowest was 66.98. And the median was 80.70.

PKCPY's Days Payable is ranked better than
56.28% of 899 companies
in the Oil & Gas industry
Industry Median: 61.13 vs PKCPY: 75.20

PT AKRorindo Tbk's Days Payable increased from Mar. 2023 (65.30) to Mar. 2024 (88.58). It may suggest that PT AKRorindo Tbk delayed paying its suppliers.

PT AKRorindo Tbk Days Payable Historical Data

The historical data trend for PT AKRorindo 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 AKRorindo Tbk Days Payable Chart

PT AKRorindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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97.94

104.05

84.29

75.05

90.12

PT AKRorindo 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															65.30	61.77	77.15	81.77	88.58

Competitive Comparison of PT AKRorindo Tbk's Days Payable

For the Oil & Gas Refining & Marketing subindustry, PT AKRorindo 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 AKRorindo Tbk's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT AKRorindo Tbk's Days Payable distribution charts can be found below:

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

PT AKRorindo 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 AKRorindo 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
=	( (587.332	+	617.487)	/	2 )	/	2439.9	*	365
=	602.4095					/	2439.9	*	365
=	90.12

PT AKRorindo 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
=	( (617.487	+	505.571)	/	2 )	/	578.444	*	365 / 4
=	561.529					/	578.444	*	365 / 4
=	88.58

PT AKRorindo Tbk Days Payable Related Terms

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PT AKRorindo Tbk (PT AKRorindo Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT AKR Corporindo Tbk (OTCPK:PKCPY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AKRA:Indonesia

Address

Jalan Panjang No. 5 Kebon Jeruk, AKR Tower, 26th Floor, Jakarta Barat, Jakarta, IDN, 11530

Website

https://www.akr.co.id

PT AKR Corporindo Tbk is engaged in chemicals distribution. The company has four segments. The Trading and distribution segment, which accounts for most of the total revenue, distributes industrial and retail petroleum products, other basic chemicals, and lubricants for the industrial, marine, mining, and commercial vehicles sectors. The Logistics Services segment provides various kinds of logistics services such as rental of storage tanks and warehouses, bagging, port handling, and transportation services mainly for liquid and solid chemical and petroleum products in Indonesia. The Manufacturing segment makes adhesive materials. The Industrial estate segments comprise sales and leases of industrial estate land, sales of electricity, and other related services to tenants of the estate.

PT AKRorindo Tbk (PT AKRorindo Tbk) Headlines

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