PT Golden Energy Mines Tbk (ISX:GEMS) Days Payable : 56.41 (As of Dec. 2023)

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What is PT Golden Energy Mines Tbk Days Payable?

PT Golden Energy Mines Tbk's average Accounts Payable for the three months ended in Dec. 2023 was Rp5,028,975 Mil. PT Golden Energy Mines Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp8,134,603 Mil. Hence, PT Golden Energy Mines Tbk's Days Payable for the three months ended in Dec. 2023 was 56.41.

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

ISX:GEMS' s Days Payable Range Over the Past 10 Years
Min: 45.53 Med: 66.78 Max: 88.04
Current: 57.67

During the past 13 years, PT Golden Energy Mines Tbk's highest Days Payable was 88.04. The lowest was 45.53. And the median was 66.78.

ISX:GEMS's Days Payable is ranked worse than
55.56% of 126 companies
in the Other Energy Sources industry
Industry Median: 67.195 vs ISX:GEMS: 57.67

PT Golden Energy Mines Tbk's Days Payable increased from Dec. 2022 (45.84) to Dec. 2023 (56.41). It may suggest that PT Golden Energy Mines Tbk delayed paying its suppliers.

PT Golden Energy Mines Tbk Days Payable Historical Data

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

PT Golden Energy Mines Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.59

88.04

70.67

45.53

62.02

PT Golden Energy Mines 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															45.84	50.81	59.31	59.74	56.41

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

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

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

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

PT Golden Energy Mines 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 Energy Mines 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
=	( (3992467.991	+	5205703.301)	/	2 )	/	27067169.023	*	365
=	4599085.646					/	27067169.023	*	365
=	62.02

PT Golden Energy Mines 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
=	( (4852246.845	+	5205703.301)	/	2 )	/	8134603.2	*	365 / 4
=	5028975.073					/	8134603.2	*	365 / 4
=	56.41

PT Golden Energy Mines Tbk Days Payable Related Terms

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PT Golden Energy Mines Tbk (ISX:GEMS) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

Jalan MH Thamrin No. 51, Sinar Mas Land Plaza, Tower II, 6th Floor, Jakarta Pusat, Jakarta, IDN, 10350

Website

https://www.goldenenergymines.com

PT Golden Energy Mines Tbk is engaged in the mining and coal trading business. The company is structured in two segments namely, Coal Mining Segment and Coal Trading Segment. Its principal activities include the exploration, mining, processing, and marketing of thermal coal. The company operates in three concession areas: South Kalimantan, Jambi and Central Kalimantan. Most of its revenue is derived from Indonesia.

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