PT Alkindo Naratama Tbk (ISX:ALDO) Days Payable : 72.88 (As of Mar. 2024)

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What is PT Alkindo Naratama Tbk Days Payable?

PT Alkindo Naratama Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp322,710 Mil. PT Alkindo Naratama Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp404,064 Mil. Hence, PT Alkindo Naratama Tbk's Days Payable for the three months ended in Mar. 2024 was 72.88.

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

ISX:ALDO' s Days Payable Range Over the Past 10 Years
Min: 66.38 Med: 74.23 Max: 106.31
Current: 74.71

During the past 13 years, PT Alkindo Naratama Tbk's highest Days Payable was 106.31. The lowest was 66.38. And the median was 74.23.

ISX:ALDO's Days Payable is ranked better than
65.23% of 279 companies
in the Forest Products industry
Industry Median: 57.9 vs ISX:ALDO: 74.71

PT Alkindo Naratama Tbk's Days Payable increased from Mar. 2023 (62.16) to Mar. 2024 (72.88). It may suggest that PT Alkindo Naratama Tbk delayed paying its suppliers.

PT Alkindo Naratama Tbk Days Payable Historical Data

The historical data trend for PT Alkindo Naratama 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 Alkindo Naratama Tbk Days Payable Chart

PT Alkindo Naratama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.44

72.97

67.39

72.01

66.38

PT Alkindo Naratama 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															62.16	78.54	75.91	74.60	72.88

Competitive Comparison of PT Alkindo Naratama Tbk's Days Payable

For the Paper & Paper Products subindustry, PT Alkindo Naratama 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 Alkindo Naratama Tbk's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Alkindo Naratama Tbk's Days Payable distribution charts can be found below:

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

PT Alkindo Naratama 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 Alkindo Naratama 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
=	( (211343.504	+	306861.38)	/	2 )	/	1424745.925	*	365
=	259102.442					/	1424745.925	*	365
=	66.38

PT Alkindo Naratama 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
=	( (306861.38	+	338558.853)	/	2 )	/	404064.278	*	365 / 4
=	322710.1165					/	404064.278	*	365 / 4
=	72.88

PT Alkindo Naratama Tbk Days Payable Related Terms

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PT Alkindo Naratama Tbk (ISX:ALDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PT Alkindo Naratama Tbk (ISX:ALDO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

JL. Industri Cimareme II No. 14, Cimerang, Padalarang, Bandung Barat, IDN, 40553

Website

https://www.alkindo.co.id

PT Alkindo Naratama Tbk is engaged in manufacturing converted paper products. The company has four business segments namely Paper converting, Chemical, Polymer, and Paper. The company produces various types of paper products namely paper core, paper tube, honeycomb products, edge protector and paper box. The paper core segment includes STD core, WG core, SPC core and prime core. Paper tube includes the POY, DTY and FDY paper tube which are custom specific and packaged as per client requirement. Honeycomb products include pallets and boxes, layer and pad, honeycomb core for furniture and textile board/spacer.

PT Alkindo Naratama Tbk (ISX:ALDO) Headlines

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