GGNPF (PT Gudang Garam Tbk) Days Payable: 3.97 (As of Mar. 2026) — 12% Below Median


GGNPF PT Gudang Garam Tbk GGNPF
51 GF Score
Price $0.96
GF Value $0.80
Valuation Modestly Overvalued
! 8 Warning Signs
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What is PT Gudang Garam Tbk Days Payable?

PT Gudang Garam Tbk GGNPF +8.66% 51 Days Payable is 3.97 as of Mar. 2026, which is 12% below its 10-year median of 4.52. GuruFocus rates GGNPF with a GF Score™ of 51/100 and a GF Value™ of $0.80 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 47 Tobacco Products companies, PT Gudang Garam Tbk ranks worse than 97.87% on this metric.

PT Gudang Garam Tbk's average Accounts Payable for the three months ended in Mar. 2026 was $44 Mil. PT Gudang Garam Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was $1,003 Mil. Hence, PT Gudang Garam Tbk's Days Payable for the three months ended in Mar. 2026 was 3.97.

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

GGNPF' s Days Payable Range Over the Past 10 Years
Min: 3.51   Med: 4.52   Max: 10.67
Current: 3.56

During the past 13 years, PT Gudang Garam Tbk's highest Days Payable was 10.67. The lowest was 3.51. And the median was 4.52.

GGNPF's Days Payable is ranked worse than
97.87% of 47 companies
in the Tobacco Products industry
Industry Median: 54 vs GGNPF: 3.56

PT Gudang Garam Tbk's Days Payable declined from Mar. 2025 (4.73) to Mar. 2026 (3.97). It may suggest that PT Gudang Garam Tbk accelerated paying its suppliers.


PT Gudang Garam Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Gudang Garam 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.

PT Gudang Garam Tbk Days Payable Chart

PT Gudang Garam Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.53 3.86 4.14 4.55 4.22

PT Gudang Garam Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.73 3.80 2.75 3.07 3.97

GGNPF vs PM, MO, TPB: Days Payable Comparison

For the Tobacco subindustry, PT Gudang Garam 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 Gudang Garam Tbk Days Payable vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Days Payable distribution charts can be found below:

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


GGNPF
51GF Score
PT Gudang Garam Tbk GGNPF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Gudang Garam 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 Gudang Garam Tbk's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (70.307 + 40.854) / 2 ) / 4811.436*365
=55.5805 / 4811.436*365
=4.22

PT Gudang Garam Tbk's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (40.854 + 46.339) / 2 ) / 1002.572*365 / 4
=43.5965 / 1002.572*365 / 4
=3.97

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 3.97 mean?
PT Gudang Garam Tbk (GGNPF) has a Days Payable of 3.97 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PT Gudang Garam Tbk and its competitors. This is 12% below median its historical median of 4.52. Over the past decade, PT Gudang Garam Tbk's Days Payable has ranged from 3.51 to 10.67. According to the industry distribution chart, PT Gudang Garam Tbk ranks #46 out of 47 companies in the Tobacco Products industry, placing it in the top 97.9%.
Is PT Gudang Garam Tbk's Days Payable too high?
PT Gudang Garam Tbk's current Days Payable of 3.97 is 12% below median its 10-year median of 4.52. Over the past 10 years, this metric has ranged from a low of 3.51 to a high of 10.67. The Tobacco Products industry median Days Payable is 54.00. PT Gudang Garam Tbk's value of 3.97 is 92.6% below this industry median. Based on the distribution chart, PT Gudang Garam Tbk ranks #46 out of 47 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, PT Gudang Garam Tbk has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Gudang Garam Tbk's Days Payable compare to PM and MO?
According to the Tobacco Products industry distribution chart, PT Gudang Garam Tbk ranks #46 out of 47 companies for Days Payable. This places PT Gudang Garam Tbk in the lower half of its industry. The industry median Days Payable is 54.00. PT Gudang Garam Tbk's value of 3.97 is 92.6% below this benchmark. Historically, PT Gudang Garam Tbk's own Days Payable has ranged from 3.51 to 10.67 over the past decade. While the company's 10-year median is 4.52 vs. the industry median of 54.00, PT Gudang Garam Tbk has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Tobacco Products company?
The median Days Payable among Tobacco Products companies is 54.00, based on 47 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Gudang Garam Tbk's current Days Payable of 3.97 is 92.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PT Gudang Garam Tbk and its competitors. For the Tobacco Products industry, the median Days Payable is 54.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gudang Garam Tbk's current Days Payable is 3.97, which is 12% below median its own 10-year median of 4.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gudang Garam Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gudang Garam Tbk (GGNPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.80, compared to a current price of $0.96 — trading 20.2% above its estimated fair value. The current Days Payable is 3.97, which is 12% below median its 10-year median of 4.52 and 92.6% below the Tobacco Products industry median of 54.00. PT Gudang Garam Tbk's overall GF Score™ is 51/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For PT Gudang Garam Tbk (GGNPF), the current Days Payable is 3.97 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Gudang Garam Tbk (GGNPF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued. The current stock price of $0.96 is trading 20.2% above its estimated GF Value™ of $0.80. GuruFocus considers PT Gudang Garam Tbk to be Modestly Overvalued.

Key valuation signals for GGNPF:

  • Days Payable: 3.97 (12% below median its 10-year median of 4.52)
  • GF Value™: $0.80 vs. price of $0.96 (20.2% above fair value)
  • GF Score™: 51/100 with 8 warning signs
  • Industry Position: 92.6% below the Tobacco Products median (#46 of 47)

No single metric tells the full story. See the GGNPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Gudang Garam Tbk Business Description

Address Jalan Semampir II/1, East Java, Kediri, IDN, 64121
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of revenue from sale of Cigarettes.
51GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.96
Price
$0.80
GF Value