PT Indospring Tbk (ISX:INDS) Days Payable : 40.74 (As of Dec. 2023)

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What is PT Indospring Tbk Days Payable?

PT Indospring Tbk's average Accounts Payable for the three months ended in Dec. 2023 was Rp335,214 Mil. PT Indospring Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp750,896 Mil. Hence, PT Indospring Tbk's Days Payable for the three months ended in Dec. 2023 was 40.74.

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

ISX:INDS' s Days Payable Range Over the Past 10 Years
Min: 11.61 Med: 23.53 Max: 38.34
Current: 38.34

During the past 13 years, PT Indospring Tbk's highest Days Payable was 38.34. The lowest was 11.61. And the median was 23.53.

ISX:INDS's Days Payable is ranked worse than
77.8% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs ISX:INDS: 38.34

PT Indospring Tbk's Days Payable increased from Dec. 2022 (27.54) to Dec. 2023 (40.74). It may suggest that PT Indospring Tbk delayed paying its suppliers.

PT Indospring Tbk Days Payable Historical Data

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

PT Indospring Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.06

24.66

20.57

25.48

31.51

PT Indospring Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															27.54	29.11	44.31	47.29	40.74

Competitive Comparison of PT Indospring Tbk's Days Payable

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

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

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

PT Indospring 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 Indospring 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
=	( (246665.905	+	298935.171)	/	2 )	/	3159822.433	*	365
=	272800.538					/	3159822.433	*	365
=	31.51

PT Indospring Tbk's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (371491.972	+	298935.171)	/	2 )	/	750895.517	*	365 / 4
=	335213.5715					/	750895.517	*	365 / 4
=	40.74

PT Indospring Tbk Days Payable Related Terms

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PT Indospring Tbk (ISX:INDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Indospring Tbk (ISX:INDS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Mayjend Sungkono no. 10, Desa Segoromadu, P.O. Box 112, Jawa Timur, Gresik, IDN, 61123

Website

https://www.indospring.co.id

PT Indospring Tbk is engaged in the manufacture of leaf springs and coil springs. Its products include multi-leaf springs, parabolic leaf springs, trailing leaf springs, tension springs, compression springs, valve springs, wire rings, hot coil springs, and Yoko-oki leaf springs. The company's manufacturing facilities are located in Gresik, Indonesia. It operates in two segments Spare part industry and the Agricultural equipment industry. The spare part industry segment contributes to the majority of the company's revenue.