PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Days Payable : 31.48 (As of Dec. 2024)

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What is PT Citra Nusantara Gemilang Tbk Days Payable?

PT Citra Nusantara Gemilang Tbk's average Accounts Payable for the three months ended in Dec. 2024 was Rp38,684 Mil. PT Citra Nusantara Gemilang Tbk's Cost of Goods Sold for the three months ended in Dec. 2024 was Rp112,126 Mil. Hence, PT Citra Nusantara Gemilang Tbk's Days Payable for the three months ended in Dec. 2024 was 31.48.

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

ISX:CGAS' s Days Payable Range Over the Past 10 Years
Min: 28.74 Med: 33.96 Max: 39.48
Current: 37.11

During the past 5 years, PT Citra Nusantara Gemilang Tbk's highest Days Payable was 39.48. The lowest was 28.74. And the median was 33.96.

ISX:CGAS's Days Payable is ranked worse than
69.69% of 871 companies
in the Oil & Gas industry
Industry Median: 59.79 vs ISX:CGAS: 37.11

PT Citra Nusantara Gemilang Tbk's Days Payable increased from Dec. 2023 (0.00) to Dec. 2024 (31.48). It may suggest that PT Citra Nusantara Gemilang Tbk delayed paying its suppliers.

PT Citra Nusantara Gemilang Tbk Days Payable Historical Data

The historical data trend for PT Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk Days Payable Chart

PT Citra Nusantara Gemilang Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

39.48

33.96

28.74

33.90

36.58

PT Citra Nusantara Gemilang Tbk Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial						-	38.42	41.02	39.84	31.48

Competitive Comparison of PT Citra Nusantara Gemilang Tbk's Days Payable

For the Oil & Gas Refining & Marketing subindustry, PT Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Citra Nusantara Gemilang Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Citra Nusantara Gemilang Tbk's Days Payable falls into.

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PT Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0	+	42763.775)	/	1 )	/	426716.268	*	365
=	42763.775					/	426716.268	*	365
=	36.58

PT Citra Nusantara Gemilang Tbk's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (34604.33	+	42763.775)	/	2 )	/	112126.178	*	365 / 4
=	38684.0525					/	112126.178	*	365 / 4
=	31.48

PT Citra Nusantara Gemilang Tbk Days Payable Related Terms

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PT Citra Nusantara Gemilang Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Citra Nusantara Gemilang Tbk (ISX:CGAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kalimalang No.126, Tegal Gede, Kelurahan Pasirsari, Kecamatan Cikarang Selatan, Kabupaten, Jawa Barat, Bekasi, IDN, 17530

Website

https://www.cng.co.id

PT Citra Nusantara Gemilang Tbk is engaged in natural gas trading and distribution. It focuses on developing compressed natural gas (CNG) in Indonesia through natural gas trading and distribution business activities using transportation modes to areas that are not yet reached by gas pipeline networks with stable gas pressure. This natural gas is used for industrial, transportation, housing, and private power plants that use gas as an energy source.

PT Citra Nusantara Gemilang Tbk Headlines

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