PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Days Payable : 93.04 (As of Dec. 2023)

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What is PT Goto Gojek Tokopedia Tbk Days Payable?

PT Goto Gojek Tokopedia Tbk's average Accounts Payable for the three months ended in Dec. 2023 was Rp1,343,098 Mil. PT Goto Gojek Tokopedia Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp1,317,277 Mil. Hence, PT Goto Gojek Tokopedia Tbk's Days Payable for the three months ended in Dec. 2023 was 93.04.

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

ISX:GOTO' s Days Payable Range Over the Past 10 Years
Min: 69.93 Med: 85.11 Max: 113.84
Current: 94.06

During the past 6 years, PT Goto Gojek Tokopedia Tbk's highest Days Payable was 113.84. The lowest was 69.93. And the median was 85.11.

ISX:GOTO's Days Payable is ranked better than
67.64% of 2522 companies
in the Software industry
Industry Median: 51.485 vs ISX:GOTO: 94.06

PT Goto Gojek Tokopedia Tbk's Days Payable increased from Dec. 2022 (62.97) to Dec. 2023 (93.04). It may suggest that PT Goto Gojek Tokopedia Tbk delayed paying its suppliers.

PT Goto Gojek Tokopedia Tbk Days Payable Historical Data

The historical data trend for PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk Days Payable Chart

PT Goto Gojek Tokopedia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.99

99.41

72.85

69.93

92.22

PT Goto Gojek Tokopedia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial									62.97	77.37	98.72	111.21	93.04

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Days Payable

For the Software - Application subindustry, PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Days Payable falls into.

PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia 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
=	( (1232313	+	1341240)	/	2 )	/	5093179	*	365
=	1286776.5					/	5093179	*	365
=	92.22

PT Goto Gojek Tokopedia 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
=	( (1344956	+	1341240)	/	2 )	/	1317277	*	365 / 4
=	1343098					/	1317277	*	365 / 4
=	93.04

PT Goto Gojek Tokopedia Tbk Days Payable Related Terms

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PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Goto Gojek Tokopedia Tbk (ISX:GOTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CK8:Germany

Address

Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160

Website

https://www.gotocompany.com

GoTo is an Indonesian ecosystem that combines e-commerce, ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021. The company has 64 million active paying users and 12 million merchants as of 2022 on its platform. In 2022, on-demand accounted for 55% of revenue, e-commerce for 37%, and financial services for 8%. However, 82% of nonfinancial services gross transactional value comes from e-commerce, as it is the focal point in the ecosystem. The company competes with giants such as Sea-backed Shopee, Alibaba's Lazada, and smaller peers such as Bukalapak in e-commerce—and with Grab in the ride-hailing and delivery business.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Headlines

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