PT Adirana Armada Tbk (ISX:ASSA) Days Payable: 6.88 (As of Mar. 2026) — 28% Below Median


ISX:ASSA PT Adi Sarana Armada Tbk ISX:ASSA
90 GF Score
Price Rp610.00
GF Value Rp1,058.87
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Adirana Armada Tbk Days Payable?

PT Adirana Armada Tbk ISX:ASSA -4.69% 90 Days Payable is 6.88 as of Mar. 2026, which is 28% below its 10-year median of 9.51. GuruFocus rates ISX:ASSA with a GF Score™ of 90/100 and a GF Value™ of Rp1,058.87 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 943 Business Services companies, PT Adirana Armada Tbk ranks worse than 90.67% on this metric.

PT Adirana Armada Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp81,178 Mil. PT Adirana Armada Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp1,076,576 Mil. Hence, PT Adirana Armada Tbk's Days Payable for the three months ended in Mar. 2026 was 6.88.

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

ISX:ASSA' s Days Payable Range Over the Past 10 Years
Min: 5.32   Med: 9.51   Max: 13.66
Current: 7.14

During the past 13 years, PT Adirana Armada Tbk's highest Days Payable was 13.66. The lowest was 5.32. And the median was 9.51.

ISX:ASSA's Days Payable is ranked worse than
90.67% of 943 companies
in the Business Services industry
Industry Median: 46.92 vs ISX:ASSA: 7.14

PT Adirana Armada Tbk's Days Payable increased from Mar. 2025 (6.64) to Mar. 2026 (6.88). It may suggest that PT Adirana Armada Tbk delayed paying its suppliers.


PT Adirana Armada Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Adirana Armada 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 Adirana Armada Tbk Days Payable Chart

PT Adirana Armada 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 8.95 7.61 8.65 5.32 5.38

PT Adirana Armada 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 6.64 7.99 6.38 6.56 6.88

ISX:ASSA vs URI, SUNB, AER: Days Payable Comparison

For the Rental & Leasing Services subindustry, PT Adirana Armada 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 Adirana Armada Tbk Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Days Payable distribution charts can be found below:

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


ISX:ASSA
90GF Score
PT Adi Sarana Armada Tbk ISX:ASSA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Adirana Armada 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 Adirana Armada 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
=( (40063.576 + 80398.285) / 2 ) / 4086804.462*365
=60230.9305 / 4086804.462*365
=5.38

PT Adirana Armada 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
=( (80398.285 + 81957.534) / 2 ) / 1076575.663*365 / 4
=81177.9095 / 1076575.663*365 / 4
=6.88

* 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 6.88 mean?
PT Adirana Armada Tbk (ISX:ASSA) has a Days Payable of 6.88 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 Adirana Armada Tbk and its competitors. This is 28% below median its historical median of 9.51. Over the past decade, PT Adirana Armada Tbk's Days Payable has ranged from 5.32 to 13.66. According to the industry distribution chart, PT Adirana Armada Tbk ranks #855 out of 943 companies in the Business Services industry, placing it in the top 90.7%.
Is PT Adirana Armada Tbk's Days Payable too high?
PT Adirana Armada Tbk's current Days Payable of 6.88 is 28% below median its 10-year median of 9.51. Over the past 10 years, this metric has ranged from a low of 5.32 to a high of 13.66. The Business Services industry median Days Payable is 46.92. PT Adirana Armada Tbk's value of 6.88 is 85.3% below this industry median. Based on the distribution chart, PT Adirana Armada Tbk ranks #855 out of 943 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, PT Adirana Armada Tbk has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adirana Armada Tbk's Days Payable compare to URI and SUNB?
According to the Business Services industry distribution chart, PT Adirana Armada Tbk ranks #855 out of 943 companies for Days Payable. This places PT Adirana Armada Tbk in the lower half of its industry. The industry median Days Payable is 46.92. PT Adirana Armada Tbk's value of 6.88 is 85.3% below this benchmark. Historically, PT Adirana Armada Tbk's own Days Payable has ranged from 5.32 to 13.66 over the past decade. While the company's 10-year median is 9.51 vs. the industry median of 46.92, PT Adirana Armada 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 Business Services company?
The median Days Payable among Business Services companies is 46.92, based on 943 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 Adirana Armada Tbk's current Days Payable of 6.88 is 85.3% 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 Adirana Armada Tbk and its competitors. For the Business Services industry, the median Days Payable is 46.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Adirana Armada Tbk's current Days Payable is 6.88, which is 28% below median its own 10-year median of 9.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adirana Armada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adirana Armada Tbk (ISX:ASSA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,058.87, compared to a current price of Rp610.00 — trading 42.4% below its estimated fair value. The current Days Payable is 6.88, which is 28% below median its 10-year median of 9.51 and 85.3% below the Business Services industry median of 46.92. PT Adirana Armada Tbk's overall GF Score™ is 90/100 with 3 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 Adirana Armada Tbk (ISX:ASSA), the current Days Payable is 6.88 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 Adirana Armada Tbk (ISX:ASSA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Adirana Armada Tbk stock appears to be undervalued. The current stock price of Rp610.00 is trading 42.4% below its estimated GF Value™ of Rp1,058.87. GuruFocus considers PT Adirana Armada Tbk to be Possible Value Trap.

Key valuation signals for ISX:ASSA:

  • Days Payable: 6.88 (28% below median its 10-year median of 9.51)
  • GF Value™: Rp1,058.87 vs. price of Rp610.00 (42.4% below fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 85.3% below the Business Services median (#855 of 943)

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


PT Adirana Armada Tbk Business Description

Address Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses in inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Autopool Passenger Car Vehicle Rental Segment, Delivery Service Segment, Used Vehicle Sales segment, Steering Driver Rental Segment, Auction Services Segment, Logistics and Warehouse Management Segment, and Other segment. The majority of its revenue is generated from the Auction Services segment.
90GF Score

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

Rp610.00
Price
Rp1,058.87
GF Value