PT Ciputra Development Tbk (ISX:CTRA) Days Payable: 78.05 (As of Mar. 2026) — Near Median


ISX:CTRA PT Ciputra Development Tbk ISX:CTRA
67 GF Score
Price Rp575.00
GF Value Rp1,403.64
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Ciputra Development Tbk Days Payable?

PT Ciputra Development Tbk ISX:CTRA +2.68% 67 Days Payable is 78.05 as of Mar. 2026, which is 5% above its 10-year median of 74.20. GuruFocus rates ISX:CTRA with a GF Score™ of 67/100 and a GF Value™ of Rp1,403.64 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,569 Real Estate companies, PT Ciputra Development Tbk ranks worse than 62.52% on this metric.

PT Ciputra Development Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp1,169,467 Mil. PT Ciputra Development Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp1,367,317 Mil. Hence, PT Ciputra Development Tbk's Days Payable for the three months ended in Mar. 2026 was 78.05.

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

ISX:CTRA' s Days Payable Range Over the Past 10 Years
Min: 61.78   Med: 74.2   Max: 92.2
Current: 61.78

During the past 13 years, PT Ciputra Development Tbk's highest Days Payable was 92.20. The lowest was 61.78. And the median was 74.20.

ISX:CTRA's Days Payable is ranked worse than
62.52% of 1569 companies
in the Real Estate industry
Industry Median: 94.38 vs ISX:CTRA: 61.78

PT Ciputra Development Tbk's Days Payable declined from Mar. 2025 (81.92) to Mar. 2026 (78.05). It may suggest that PT Ciputra Development Tbk accelerated paying its suppliers.


PT Ciputra Development Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Ciputra Development 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 Ciputra Development Tbk Days Payable Chart

PT Ciputra Development 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 67.73 72.34 66.41 68.64 72.96

PT Ciputra Development 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 81.92 57.60 81.90 47.26 78.05

PT Ciputra Development Tbk Days Payable Competitor Comparison

For the Real Estate - Development subindustry, PT Ciputra Development 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 Ciputra Development Tbk Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Ciputra Development Tbk's Days Payable distribution charts can be found below:

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


ISX:CTRA
67GF Score
PT Ciputra Development Tbk ISX:CTRA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Ciputra Development 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 Ciputra Development 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
=( (1391321 + 1255842) / 2 ) / 6621761*365
=1323581.5 / 6621761*365
=72.96

PT Ciputra Development 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
=( (1255842 + 1083091) / 2 ) / 1367317*365 / 4
=1169466.5 / 1367317*365 / 4
=78.05

* 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 78.05 mean?
PT Ciputra Development Tbk (ISX:CTRA) has a Days Payable of 78.05 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 Ciputra Development Tbk and its competitors. This is near median its historical median of 74.20. Over the past decade, PT Ciputra Development Tbk's Days Payable has ranged from 61.78 to 92.20. According to the industry distribution chart, PT Ciputra Development Tbk ranks #981 out of 1569 companies in the Real Estate industry, placing it in the top 62.5%.
Is PT Ciputra Development Tbk's Days Payable too high?
PT Ciputra Development Tbk's current Days Payable of 78.05 is near median its 10-year median of 74.20. Over the past 10 years, this metric has ranged from a low of 61.78 to a high of 92.20. The Real Estate industry median Days Payable is 94.38. PT Ciputra Development Tbk's value of 78.05 is 17.3% below this industry median. Based on the distribution chart, PT Ciputra Development Tbk ranks #981 out of 1569 companies in the Real Estate industry, which is below the industry midpoint. Overall, PT Ciputra Development Tbk has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Ciputra Development Tbk's Days Payable compare to competitors?
According to the Real Estate industry distribution chart, PT Ciputra Development Tbk ranks #981 out of 1569 companies for Days Payable. This places PT Ciputra Development Tbk in the lower half of its industry. The industry median Days Payable is 94.38. PT Ciputra Development Tbk's value of 78.05 is 17.3% below this benchmark. Historically, PT Ciputra Development Tbk's own Days Payable has ranged from 61.78 to 92.20 over the past decade. While the company's 10-year median is 74.20 vs. the industry median of 94.38, PT Ciputra Development 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 Real Estate company?
The median Days Payable among Real Estate companies is 94.38, based on 1,569 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 Ciputra Development Tbk's current Days Payable of 78.05 is 17.3% 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 Ciputra Development Tbk and its competitors. For the Real Estate industry, the median Days Payable is 94.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Ciputra Development Tbk's current Days Payable is 78.05, which is near median its own 10-year median of 74.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ciputra Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ciputra Development Tbk (ISX:CTRA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,403.64, compared to a current price of Rp575.00 — trading 59% below its estimated fair value. The current Days Payable is 78.05, which is near median its 10-year median of 74.20 and 17.3% below the Real Estate industry median of 94.38. PT Ciputra Development Tbk's overall GF Score™ is 67/100 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 Ciputra Development Tbk (ISX:CTRA), the current Days Payable is 78.05 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 Ciputra Development Tbk (ISX:CTRA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Ciputra Development Tbk stock appears to be undervalued. The current stock price of Rp575.00 is trading 59% below its estimated GF Value™ of Rp1,403.64. GuruFocus considers PT Ciputra Development Tbk to be Possible Value Trap.

Key valuation signals for ISX:CTRA:

  • Days Payable: 78.05 (near median its 10-year median of 74.20)
  • GF Value™: Rp1,403.64 vs. price of Rp575.00 (59% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 17.3% below the Real Estate median (#981 of 1569)

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


PT Ciputra Development Tbk Business Description

Address Jalan Prof. Dr. Satrio Kav. 3-5, 39th Floor, Ciputra World 1, DBS Bank Tower, Jakarta, IDN, 12940
PT Ciputra Development Tbk is a property company in Indonesia. It targets the mid-high-income segment and has developed numerous projects across cities in Indonesia. The firm operates in two segments. Residential segment that derives the majority of revenue comprises the development of housing and other properties for sale, including land provision, integrated township development with supporting infrastructure and public facilities, and management of landed residential areas, as well as the sale of strata-title apartments and office spaces (high-rise developments). Commercial Property segment includes the development and management of shopping centers and commercial estates, hotels, leased apartments and office spaces, healthcare services, golf courses, and other recreational facilities.
67GF Score

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

Rp575.00
Price
Rp1,403.64
GF Value