PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Days Payable : 13.42 (As of Mar. 2024)

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What is PT Sinar Mas Agro Resources & Technology Tbk Days Payable?

PT Sinar Mas Agro Resources & Technology Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp2,376,945 Mil. PT Sinar Mas Agro Resources & Technology Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp16,166,530 Mil. Hence, PT Sinar Mas Agro Resources & Technology Tbk's Days Payable for the three months ended in Mar. 2024 was 13.42.

The historical rank and industry rank for PT Sinar Mas Agro Resources & Technology Tbk's Days Payable or its related term are showing as below:

ISX:SMAR' s Days Payable Range Over the Past 10 Years
Min: 13.65 Med: 19.57 Max: 22.19
Current: 13.65

During the past 13 years, PT Sinar Mas Agro Resources & Technology Tbk's highest Days Payable was 22.19. The lowest was 13.65. And the median was 19.57.

ISX:SMAR's Days Payable is ranked worse than
92.78% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs ISX:SMAR: 13.65

PT Sinar Mas Agro Resources & Technology Tbk's Days Payable increased from Mar. 2023 (12.88) to Mar. 2024 (13.42). It may suggest that PT Sinar Mas Agro Resources & Technology Tbk delayed paying its suppliers.

PT Sinar Mas Agro Resources & Technology Tbk Days Payable Historical Data

The historical data trend for PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk Days Payable Chart

PT Sinar Mas Agro Resources & Technology Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.25

20.75

18.78

14.74

14.95

PT Sinar Mas Agro Resources & Technology 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															12.88	13.68	14.06	14.12	13.42

Competitive Comparison of PT Sinar Mas Agro Resources & Technology Tbk's Days Payable

For the Farm Products subindustry, PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sinar Mas Agro Resources & Technology Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Sinar Mas Agro Resources & Technology Tbk's Days Payable falls into.

PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology 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
=	( (2334455	+	2560898)	/	2 )	/	59769661	*	365
=	2447676.5					/	59769661	*	365
=	14.95

PT Sinar Mas Agro Resources & Technology 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
=	( (2560898	+	2192992)	/	2 )	/	16166530	*	365 / 4
=	2376945					/	16166530	*	365 / 4
=	13.42

PT Sinar Mas Agro Resources & Technology Tbk Days Payable Related Terms

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PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan MH Thamrin No. 51, Tower II, 28th-30th Floor, Sinar Mas Land Plaza, Jakarta, IDN, 10350

Website

https://www.smart-tbk.com

PT Sinar Mas Agro Resources & Technology Tbk is involved in the business of cultivating and harvesting oil palm trees, processing fresh fruit bunches into crude palm oil and palm kernel, and refining crude palm oil into value-added products. The firm's products include cooking oil, fat, margarine, crude palm oil, palm kernel, cocoa butter substitute, etc. Its scope of activities comprises plantation development, agriculture, trading, refining of plantation products, management services, and research related to the business.