PT Cardig Aero Services Tbk (ISX:CASS) Days Payable : 25.34 (As of Mar. 2024)

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What is PT Cardig Aero Services Tbk Days Payable?

PT Cardig Aero Services Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp126,262 Mil. PT Cardig Aero Services Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp454,751 Mil. Hence, PT Cardig Aero Services Tbk's Days Payable for the three months ended in Mar. 2024 was 25.34.

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

ISX:CASS' s Days Payable Range Over the Past 10 Years
Min: 17.32 Med: 21.44 Max: 40.99
Current: 25.07

During the past 11 years, PT Cardig Aero Services Tbk's highest Days Payable was 40.99. The lowest was 17.32. And the median was 21.44.

ISX:CASS's Days Payable is ranked worse than
73.82% of 932 companies
in the Transportation industry
Industry Median: 39.05 vs ISX:CASS: 25.07

PT Cardig Aero Services Tbk's Days Payable declined from Mar. 2023 (27.18) to Mar. 2024 (25.34). It may suggest that PT Cardig Aero Services Tbk accelerated paying its suppliers.

PT Cardig Aero Services Tbk Days Payable Historical Data

The historical data trend for PT Cardig Aero Services 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 Cardig Aero Services Tbk Days Payable Chart

PT Cardig Aero Services Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.29

29.81

40.99

35.30

28.90

PT Cardig Aero Services 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															27.18	24.52	24.72	28.12	25.34

Competitive Comparison of PT Cardig Aero Services Tbk's Days Payable

For the Airports & Air Services subindustry, PT Cardig Aero Services 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 Cardig Aero Services Tbk's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Cardig Aero Services Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Cardig Aero Services Tbk's Days Payable falls into.

PT Cardig Aero Services 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 Cardig Aero Services 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
=	( (123037	+	137568)	/	2 )	/	1645615	*	365
=	130302.5					/	1645615	*	365
=	28.90

PT Cardig Aero Services 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
=	( (137568	+	114956)	/	2 )	/	454751	*	365 / 4
=	126262					/	454751	*	365 / 4
=	25.34

PT Cardig Aero Services Tbk Days Payable Related Terms

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PT Cardig Aero Services Tbk (ISX:CASS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Cardig Aero Services Tbk (ISX:CASS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Menara Cardig, 3rd. Floor Jl. Raya Halim Perdanakusuma, Jakarta, IDN, 13650

Website

https://www.casgroup.co.id

PT Cardig Aero Services Tbk is engaged in the provision of aviation support services, food solutions, and facility management. The group is organized into five operating divisions namely Ground and Cargo handling, Aircraft release and Maintenance services, Catering services, Facility Management services, and Aviation Training services. The company derives the majority of its revenue from the cargo handling segment which includes services such as cargo build-up and breakdown, cargo documentation, cargo transfer and transit handling, cargo storage, and special cargo handling. Geographically, all the operations of the firm functioned through the region of Indonesia.