PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Days Payable : 207.99 (As of Dec. 2023)

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What is PT Gowa Makassar Tourism Development Tbk Days Payable?

PT Gowa Makassar Tourism Development Tbk's average Accounts Payable for the three months ended in Dec. 2023 was Rp146,724 Mil. PT Gowa Makassar Tourism Development Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp64,372 Mil. Hence, PT Gowa Makassar Tourism Development Tbk's Days Payable for the three months ended in Dec. 2023 was 207.99.

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

ISX:GMTD' s Days Payable Range Over the Past 10 Years
Min: 33.16 Med: 61.77 Max: 269.3
Current: 269.3

During the past 12 years, PT Gowa Makassar Tourism Development Tbk's highest Days Payable was 269.30. The lowest was 33.16. And the median was 61.77.

ISX:GMTD's Days Payable is ranked better than
77.93% of 1577 companies
in the Real Estate industry
Industry Median: 96.69 vs ISX:GMTD: 269.30

PT Gowa Makassar Tourism Development Tbk's Days Payable increased from Dec. 2022 (25.75) to Dec. 2023 (207.99). It may suggest that PT Gowa Makassar Tourism Development Tbk delayed paying its suppliers.

PT Gowa Makassar Tourism Development Tbk Days Payable Historical Data

The historical data trend for PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk Days Payable Chart

PT Gowa Makassar Tourism Development Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.49

129.52

166.45

66.94

136.84

PT Gowa Makassar Tourism Development 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															25.75	238.02	557.13	318.48	207.99

Competitive Comparison of PT Gowa Makassar Tourism Development Tbk's Days Payable

For the Real Estate - Development subindustry, PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Gowa Makassar Tourism Development Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Gowa Makassar Tourism Development Tbk's Days Payable falls into.

PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development 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
=	( (35520.852	+	110931.947)	/	2 )	/	195326.304	*	365
=	73226.3995					/	195326.304	*	365
=	136.84

PT Gowa Makassar Tourism Development 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
=	( (182516.092	+	110931.947)	/	2 )	/	64371.883	*	365 / 4
=	146724.0195					/	64371.883	*	365 / 4
=	207.99

PT Gowa Makassar Tourism Development Tbk Days Payable Related Terms

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PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) » Definitions » Days Payable

Comparable Companies

XTAE:YBOX BKK:CGD PHS:IRC HKSE:03366 BOM:514215 HKSE:00298 CAI:ZMID TSE:1814 XKLS:1503 SHSE:600890

Traded in Other Exchanges

N/A

Address

Jalan Metro Tanjung Bunga Mall GTC, GA-9 No. 1B, Tanjung Bunga, Sulawesi Selatan, Makassar, IDN, 90134

Website

https://www.tanjungbunga.com

PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments, the Core segment which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. Its organization is based in Indonesia and the majority of its revenues are derived from the real estate business.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Headlines

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