PT Indo Kordsa Tbk (ISX:BRAM) Days Payable : 67.46 (As of Dec. 2023)

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What is PT Indo Kordsa Tbk Days Payable?

PT Indo Kordsa Tbk's average Accounts Payable for the three months ended in Dec. 2023 was Rp549,543 Mil. PT Indo Kordsa Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp743,390 Mil. Hence, PT Indo Kordsa Tbk's Days Payable for the three months ended in Dec. 2023 was 67.46.

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

ISX:BRAM' s Days Payable Range Over the Past 10 Years
Min: 42.94 Med: 54.61 Max: 72.27
Current: 60.18

During the past 13 years, PT Indo Kordsa Tbk's highest Days Payable was 72.27. The lowest was 42.94. And the median was 54.61.

ISX:BRAM's Days Payable is ranked better than
53.22% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs ISX:BRAM: 60.18

PT Indo Kordsa Tbk's Days Payable increased from Dec. 2022 (50.61) to Dec. 2023 (67.46). It may suggest that PT Indo Kordsa Tbk delayed paying its suppliers.

PT Indo Kordsa Tbk Days Payable Historical Data

The historical data trend for PT Indo Kordsa 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 Indo Kordsa Tbk Days Payable Chart

PT Indo Kordsa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.96

48.69

42.94

44.21

63.91

PT Indo Kordsa 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															50.61	55.13	56.53	58.17	67.46

Competitive Comparison of PT Indo Kordsa Tbk's Days Payable

For the Textile Manufacturing subindustry, PT Indo Kordsa 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 Indo Kordsa Tbk's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

PT Indo Kordsa 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 Indo Kordsa 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
=	( (545976.243	+	611367.445)	/	2 )	/	3304834.301	*	365
=	578671.844					/	3304834.301	*	365
=	63.91

PT Indo Kordsa 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
=	( (487718.16	+	611367.445)	/	2 )	/	743390.008	*	365 / 4
=	549542.8025					/	743390.008	*	365 / 4
=	67.46

PT Indo Kordsa Tbk Days Payable Related Terms

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PT Indo Kordsa Tbk (ISX:BRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Indo Kordsa Tbk (ISX:BRAM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Pahlawan, Desa Karang Asem Timur, Citeureup, Bogor, IDN, 16810

Website

https://www.indokordsa.com

PT Indo Kordsa Tbk is an Indonesian company engaged in the manufacturing and sale of tire reinforcement materials. The business activity of the group is functioned through various divisions which include, Tyre cord fabric, Nylon yarn, and Polyester yarn. The company generates a majority of its revenue from tyre cord fabric segment. Geographically, it derives a majority of its revenue from Thailand and also has a presence in Other Countries.

PT Indo Kordsa Tbk (ISX:BRAM) Headlines

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