PT Mahkota Group Tbk (ISX:MGRO) Days Payable : 11.08 (As of Mar. 2024)

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What is PT Mahkota Group Tbk Days Payable?

PT Mahkota Group Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp116,250 Mil. PT Mahkota Group Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp957,560 Mil. Hence, PT Mahkota Group Tbk's Days Payable for the three months ended in Mar. 2024 was 11.08.

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

ISX:MGRO' s Days Payable Range Over the Past 10 Years
Min: 6.9 Med: 8.76 Max: 15.69
Current: 7.92

During the past 9 years, PT Mahkota Group Tbk's highest Days Payable was 15.69. The lowest was 6.90. And the median was 8.76.

ISX:MGRO's Days Payable is ranked worse than
96.92% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs ISX:MGRO: 7.92

PT Mahkota Group Tbk's Days Payable increased from Mar. 2023 (6.78) to Mar. 2024 (11.08). It may suggest that PT Mahkota Group Tbk delayed paying its suppliers.

PT Mahkota Group Tbk Days Payable Historical Data

The historical data trend for PT Mahkota Group 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 Mahkota Group Tbk Days Payable Chart

PT Mahkota Group Tbk Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.14

8.76

7.82

7.11

7.61

PT Mahkota Group 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															6.78	7.21	6.18	7.66	11.08

Competitive Comparison of PT Mahkota Group Tbk's Days Payable

For the Packaged Foods subindustry, PT Mahkota Group 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 Mahkota Group Tbk's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Mahkota Group Tbk's Days Payable distribution charts can be found below:

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

PT Mahkota Group 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 Mahkota Group 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
=	( (115508.052	+	99921.321)	/	2 )	/	5168126.796	*	365
=	107714.6865					/	5168126.796	*	365
=	7.61

PT Mahkota Group 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
=	( (99921.321	+	132578.292)	/	2 )	/	957559.502	*	365 / 4
=	116249.8065					/	957559.502	*	365 / 4
=	11.08

PT Mahkota Group Tbk Days Payable Related Terms

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PT Mahkota Group Tbk (ISX:MGRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Mahkota Group Tbk (ISX:MGRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Perintis Kemerdekaan No.3-A, Kompleks Grand Jati Junction, 27th Floor, North Sumatera, Medan, IDN, 20231

Website

https://www.mahkotagroup.com

PT Mahkota Group Tbk along with its subsidiaries owns palm oil processing factories located in North Sumatra and Riau. It operates tow business segments Palm Oil Segment which consists sale of Crude Palm Oil (CPO), Palm Kernel (PK), Refined Bleached Deodorized Palm Oil (RBDPO), Palm Fatty Acid Distillate (PFAD), Palm Kernel Oil (PKO), Palm Kernel Expeller (PKE), Olei, Stearin, and Logistics Segment which consists of storage tanks leasing. It generates maximum revenue from the Crude palm oil segment.

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