PT Cemindo Gemilang Tbk (ISX:CMNT) Days Payable : 96.08 (As of Sep. 2024)

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What is PT Cemindo Gemilang Tbk Days Payable?

PT Cemindo Gemilang Tbk's average Accounts Payable for the three months ended in Sep. 2024 was Rp1,943,568 Mil. PT Cemindo Gemilang Tbk's Cost of Goods Sold for the three months ended in Sep. 2024 was Rp1,845,855 Mil. Hence, PT Cemindo Gemilang Tbk's Days Payable for the three months ended in Sep. 2024 was 96.08.

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

ISX:CMNT' s Days Payable Range Over the Past 10 Years
Min: 72.55 Med: 74.86 Max: 93.8
Current: 93.8

During the past 6 years, PT Cemindo Gemilang Tbk's highest Days Payable was 93.80. The lowest was 72.55. And the median was 74.86.

ISX:CMNT's Days Payable is ranked better than
65.45% of 382 companies
in the Building Materials industry
Industry Median: 72.48 vs ISX:CMNT: 93.80

PT Cemindo Gemilang Tbk's Days Payable increased from Sep. 2023 (79.65) to Sep. 2024 (96.08). It may suggest that PT Cemindo Gemilang Tbk delayed paying its suppliers.

PT Cemindo Gemilang Tbk Days Payable Historical Data

The historical data trend for PT Cemindo 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 Cemindo Gemilang Tbk Days Payable Chart

PT Cemindo Gemilang Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.69

73.06

79.18

72.55

84.50

PT Cemindo Gemilang Tbk Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															79.65	78.75	101.81	104.29	96.08

Competitive Comparison of PT Cemindo Gemilang Tbk's Days Payable

For the Building Materials subindustry, PT Cemindo 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 Cemindo Gemilang Tbk's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, PT Cemindo Gemilang Tbk's Days Payable distribution charts can be found below:

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

PT Cemindo 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 Cemindo Gemilang 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
=	( (1499525	+	1793085)	/	2 )	/	7111300	*	365
=	1646305					/	7111300	*	365
=	84.50

PT Cemindo Gemilang Tbk's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1971988	+	1915147)	/	2 )	/	1845855	*	365 / 4
=	1943567.5					/	1845855	*	365 / 4
=	96.08

PT Cemindo Gemilang Tbk Days Payable Related Terms

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PT Cemindo Gemilang Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PT Cemindo Gemilang Tbk (ISX:CMNT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Jalan H.R. Rasuna Said Kav. C22, Gama Tower Lantai 43, Karet Kuningan, Setiabudi, Jakarta, IDN, 12940

Website

https://www.cemindo.com

PT Cemindo Gemilang Tbk is an integrated cement company primarily engaged in the manufacturing, marketing, and distribution of cement and clinker products. The company conducts business activities in three operating segments, Cement and clinker; Ready-mix concrete, and Others. The majority of the company's revenue comes from the Cement and clinker segment.

PT Cemindo Gemilang Tbk Headlines

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