PT Eterindo Wahanatama Tbk (ISX:ETWA) Days Payable: 501.74 (As of Sep. 2023)


ISX:ETWA PT Eterindo Wahanatama Tbk ISX:ETWA
13 GF Score
Price Rp70.00
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What is PT Eterindo Wahanatama Tbk Days Payable?

PT Eterindo Wahanatama Tbk ISX:ETWA 13 Days Payable is 501.74 as of Sep. 2023. GuruFocus rates ISX:ETWA with a GF Score™ of 13/100.

PT Eterindo Wahanatama Tbk's average Accounts Payable for the three months ended in Sep. 2023 was Rp22,574.53 Mil. PT Eterindo Wahanatama Tbk's Cost of Goods Sold for the three months ended in Sep. 2023 was Rp4,105.59 Mil. Hence, PT Eterindo Wahanatama Tbk's Days Payable for the three months ended in Sep. 2023 was 501.74.

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

ISX:ETWA's Days Payable is not ranked *
in the Chemicals industry.
Industry Median: 59.87
* Ranked among companies with meaningful Days Payable only.

PT Eterindo Wahanatama Tbk's Days Payable increased from Sep. 2022 (111.08) to Sep. 2023 (501.74). It may suggest that PT Eterindo Wahanatama Tbk delayed paying its suppliers.

PT Eterindo Wahanatama Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Eterindo Wahanatama 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 Eterindo Wahanatama Tbk Days Payable Chart

PT Eterindo Wahanatama Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial 146.57 39.61 394.49 198.75 99.35

PT Eterindo Wahanatama Tbk Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 111.08 514.06 526.56 446.00 501.74

ISX:ETWA vs DOW, CE: Days Payable Comparison

For the Chemicals subindustry, PT Eterindo Wahanatama 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 Eterindo Wahanatama Tbk Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, PT Eterindo Wahanatama Tbk's Days Payable distribution charts can be found below:

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


ISX:ETWA
13GF Score
PT Eterindo Wahanatama Tbk ISX:ETWA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Eterindo Wahanatama 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 Eterindo Wahanatama Tbk's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (18161.78 + 23859.576) / 2 ) / 77194.535*365
=21010.678 / 77194.535*365
=99.35

PT Eterindo Wahanatama Tbk's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (23774.627 + 21374.438) / 2 ) / 4105.588*365 / 4
=22574.5325 / 4105.588*365 / 4
=501.74

* 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 501.74 mean?
PT Eterindo Wahanatama Tbk (ISX:ETWA) has a Days Payable of 501.74 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PT Eterindo Wahanatama Tbk and its competitors.
Is PT Eterindo Wahanatama Tbk's Days Payable too high?
PT Eterindo Wahanatama Tbk's current Days Payable is 501.74. The Chemicals industry median Days Payable is 59.87. PT Eterindo Wahanatama Tbk's value of 501.74 is 738% above this industry median. Overall, PT Eterindo Wahanatama Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Eterindo Wahanatama Tbk's Days Payable compare to DOW and CE?
PT Eterindo Wahanatama Tbk's Days Payable of 501.74 can be compared against companies in the Chemicals industry. The industry median Days Payable is 59.87. PT Eterindo Wahanatama Tbk's value of 501.74 is 738% above this benchmark. 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.87, based on 1,551 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 Eterindo Wahanatama Tbk's current Days Payable of 501.74 is 738% above 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 Eterindo Wahanatama Tbk and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Eterindo Wahanatama Tbk's current Days Payable is 501.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Eterindo Wahanatama Tbk stock overvalued right now?
PT Eterindo Wahanatama Tbk (ISX:ETWA) has a current Days Payable of 501.74. The current Days Payable is 501.74 and 738% above the Chemicals industry median of 59.87. PT Eterindo Wahanatama Tbk's overall GF Score™ is 13/100. 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 Eterindo Wahanatama Tbk (ISX:ETWA), the current Days Payable is 501.74 as of Sep. 2023. 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.

PT Eterindo Wahanatama Tbk Business Description

Address Jalan Jenderal Sudirman Kav.79, Prudential Tower 20th, Jakarta, IDN, 12910
PT Eterindo Wahanatama Tbk is engaged in integrated Palm Oil Plantation and Biodiesel industry, trading of chemical products. The company offers biodiesel for motor vehicles, steam boilers, oil furnaces, generators; and trades in specialty chemical products, including fatty acid methyl ester and other chemicals. The business segment of the company include FAME, Other Chemicals and Fresh Fruit Bunch. The company makes majority of its revenue from Other Chemicals segment.
13GF Score

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