PT Clipan Finance Indonesia Tbk (ISX:CFIN) Days Payable : 48.52 (As of Mar. 2024)

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What is PT Clipan Finance Indonesia Tbk Days Payable?

PT Clipan Finance Indonesia Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp79,557 Mil. PT Clipan Finance Indonesia Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp149,634 Mil. Hence, PT Clipan Finance Indonesia Tbk's Days Payable for the three months ended in Mar. 2024 was 48.52.

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

ISX:CFIN' s Days Payable Range Over the Past 10 Years
Min: 8.58 Med: 32.7 Max: 88.89
Current: 55.29

During the past 13 years, PT Clipan Finance Indonesia Tbk's highest Days Payable was 88.89. The lowest was 8.58. And the median was 32.70.

ISX:CFIN's Days Payable is ranked better than
54.77% of 283 companies
in the Credit Services industry
Industry Median: 44.07 vs ISX:CFIN: 55.29

PT Clipan Finance Indonesia Tbk's Days Payable declined from Mar. 2023 (95.42) to Mar. 2024 (48.52). It may suggest that PT Clipan Finance Indonesia Tbk accelerated paying its suppliers.

PT Clipan Finance Indonesia Tbk Days Payable Historical Data

The historical data trend for PT Clipan Finance Indonesia 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 Clipan Finance Indonesia Tbk Days Payable Chart

PT Clipan Finance Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.71

27.30

32.68

88.89

76.62

PT Clipan Finance Indonesia 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															95.42	60.46	53.05	55.77	48.52

Competitive Comparison of PT Clipan Finance Indonesia Tbk's Days Payable

For the Credit Services subindustry, PT Clipan Finance Indonesia 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 Clipan Finance Indonesia Tbk's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PT Clipan Finance Indonesia Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Clipan Finance Indonesia Tbk's Days Payable falls into.

PT Clipan Finance Indonesia 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 Clipan Finance Indonesia 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
=	( (128469.667	+	80061.265)	/	2 )	/	496721.512	*	365
=	104265.466					/	496721.512	*	365
=	76.62

PT Clipan Finance Indonesia 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
=	( (80061.265	+	79052.914)	/	2 )	/	149634.303	*	365 / 4
=	79557.0895					/	149634.303	*	365 / 4
=	48.52

PT Clipan Finance Indonesia Tbk Days Payable Related Terms

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PT Clipan Finance Indonesia Tbk (ISX:CFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PT Clipan Finance Indonesia Tbk (ISX:CFIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Letjen. S. Parman, Kav. 12, Wisma Slipi Lantai 6, Jakarta, IDN, 11480

Website

https://www.clipan.co.id

PT Clipan Finance Indonesia Tbk is engaged in providing financial services. Its segments are Finance Lease, Sale and Leaseback, consumer financing, and factoring. It focuses on financing both commercial and non-commercial pre-owned four-wheeled cars with high resale value.

PT Clipan Finance Indonesia Tbk (ISX:CFIN) Headlines

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