PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) Days Payable

: 68.53 (As of Dec. 2023)

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PT Pabrik Kertas Tjiwi Kimia Tbk's average Accounts Payable for the three months ended in Dec. 2023 was Rp2,538,548 Mil. PT Pabrik Kertas Tjiwi Kimia Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp3,380,249 Mil. Hence, PT Pabrik Kertas Tjiwi Kimia Tbk's Days Payable for the three months ended in Dec. 2023 was 68.53.

The historical rank and industry rank for PT Pabrik Kertas Tjiwi Kimia Tbk's Days Payable or its related term are showing as below:

ISX:TKIM' s Days Payable Range Over the Past 10 Years
Min: 14.89 Med: 32.98 Max: 72.59
Current: 72.59

During the past 13 years, PT Pabrik Kertas Tjiwi Kimia Tbk's highest Days Payable was 72.59. The lowest was 14.89. And the median was 32.98.

ISX:TKIM's Days Payable is ranked better than
65.23% of 279 companies
in the Forest Products industry
Industry Median: 56.18 vs ISX:TKIM: 72.59

PT Pabrik Kertas Tjiwi Kimia Tbk's Days Payable increased from Dec. 2022 (57.99) to Dec. 2023 (68.53). It may suggest that PT Pabrik Kertas Tjiwi Kimia Tbk delayed paying its suppliers.

PT Pabrik Kertas Tjiwi Kimia Tbk Days Payable Historical Data

The historical data trend for PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

25.22

46.64

56.05

58.87

61.52

PT Pabrik Kertas Tjiwi Kimia 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																57.99	67.74	82.34	83.19	68.53

Competitive Comparison

For the Paper & Paper Products subindustry, PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia Tbk Days Payable Distribution

For the Forest Products industry and Basic Materials sector, PT Pabrik Kertas Tjiwi Kimia Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Pabrik Kertas Tjiwi Kimia Tbk's Days Payable falls into.

PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia 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
=	( (2958861.83	+	1883988.487)	/	2 )	/	14366410.401	*	365
=	2421425.1585					/	14366410.401	*	365
=	61.52

PT Pabrik Kertas Tjiwi Kimia 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
=	( (3193107.699	+	1883988.487)	/	2 )	/	3380249.338	*	365 / 4
=	2538548.093					/	3380249.338	*	365 / 4
=	68.53

PT Pabrik Kertas Tjiwi Kimia Tbk Days Payable Related Terms

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PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OB9:Germany

Address

Jalan M.H. Thamrin No. 51, Sinarmas Land Plaza, Tower II, 9th Floor, Jakarta, IDN, 10350

Website

https://www.asiapulppaper.com

PT Pabrik Kertas Tjiwi Kimia Tbk is engaged in paper and stationery manufacturing with its main product such as printed paper, coated, and carbonless. The company also produces a wide range of converted stationery and office products such as exercise books, writing pad, loose-leaf, spiral, envelope, computer form, gift wrapping paper, and shopping bag. It operates in two business segments that are Cultural paper products, and Industrial paper products and others. The Cultural paper products segment consists primarily of printing and writing paper and related paper products; the Industrial paper segment consists of fluting medium paper and carton boxes; The other product segment includes the sale of the chemical by-product.

PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) Headlines

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