PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) Days Payable: 26.48 (As of Mar. 2026) — 38% Below Median

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ISX:GIAA PT Garuda Indonesia (Persero) Tbk ISX:GIAA
43 GF Score
Price Rp54.00
GF Value Rp25.98
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT Garuda Indonesia (Persero) Tbk Days Payable?

PT Garuda Indonesia (Persero) Tbk ISX:GIAA 43 Days Payable is 26.48 as of Mar. 2026, which is 38% below its 10-year median of 42.51. GuruFocus rates ISX:GIAA with a GF Score™ of 43/100 and a GF Value™ of Rp25.98 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 969 Transportation companies, PT Garuda Indonesia (Persero) Tbk ranks worse than 69.76% on this metric.

PT Garuda Indonesia (Persero) Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp3,226,353 Mil. PT Garuda Indonesia (Persero) Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp11,116,660 Mil. Hence, PT Garuda Indonesia (Persero) Tbk's Days Payable for the three months ended in Mar. 2026 was 26.48.

The historical rank and industry rank for PT Garuda Indonesia (Persero) Tbk's Days Payable or its related term are showing as below:

ISX:GIAA' s Days Payable Range Over the Past 10 Years
Min: 20.88   Med: 42.51   Max: 90.49
Current: 25.68

During the past 13 years, PT Garuda Indonesia (Persero) Tbk's highest Days Payable was 90.49. The lowest was 20.88. And the median was 42.51.

ISX:GIAA's Days Payable is ranked worse than
69.76% of 969 companies
in the Transportation industry
Industry Median: 38.61 vs ISX:GIAA: 25.68

PT Garuda Indonesia (Persero) Tbk's Days Payable increased from Mar. 2025 (22.41) to Mar. 2026 (26.48). It may suggest that PT Garuda Indonesia (Persero) Tbk delayed paying its suppliers.


PT Garuda Indonesia (Persero) Tbk Days Payable Related Terms


PT Garuda Indonesia (Persero) Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Garuda Indonesia (Persero) 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 Garuda Indonesia (Persero) Tbk Days Payable Chart

PT Garuda Indonesia (Persero) 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 82.21 90.49 52.52 21.08 22.65

PT Garuda Indonesia (Persero) 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 22.41 26.77 25.95 23.84 26.48

ISX:GIAA vs DAL, UAL, LUV: Days Payable Comparison

For the Airlines subindustry, PT Garuda Indonesia (Persero) 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 Garuda Indonesia (Persero) Tbk Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, PT Garuda Indonesia (Persero) Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Garuda Indonesia (Persero) Tbk's Days Payable falls into.


ISX:GIAA
43GF Score
PT Garuda Indonesia (Persero) Tbk ISX:GIAA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Garuda Indonesia (Persero) 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 Garuda Indonesia (Persero) 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
=( (2531702.811 + 3072590.791) / 2 ) / 45165158.292*365
=2802146.801 / 45165158.292*365
=22.65

PT Garuda Indonesia (Persero) 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
=( (3072590.791 + 3380114.781) / 2 ) / 11116660.177*365 / 4
=3226352.786 / 11116660.177*365 / 4
=26.48

* 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 26.48 mean?
PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) has a Days Payable of 26.48 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 Garuda Indonesia (Persero) Tbk and its competitors. This is 38% below median its historical median of 42.51. Over the past decade, PT Garuda Indonesia (Persero) Tbk's Days Payable has ranged from 20.88 to 90.49. According to the industry distribution chart, PT Garuda Indonesia (Persero) Tbk ranks #676 out of 969 companies in the Transportation industry, placing it in the top 69.8%.
Is PT Garuda Indonesia (Persero) Tbk's Days Payable too high?
PT Garuda Indonesia (Persero) Tbk's current Days Payable of 26.48 is 38% below median its 10-year median of 42.51. Over the past 10 years, this metric has ranged from a low of 20.88 to a high of 90.49. The Transportation industry median Days Payable is 38.61. PT Garuda Indonesia (Persero) Tbk's value of 26.48 is 31.4% below this industry median. Based on the distribution chart, PT Garuda Indonesia (Persero) Tbk ranks #676 out of 969 companies in the Transportation industry, which is below the industry midpoint. Overall, PT Garuda Indonesia (Persero) Tbk has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Garuda Indonesia (Persero) Tbk's Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, PT Garuda Indonesia (Persero) Tbk ranks #676 out of 969 companies for Days Payable. This places PT Garuda Indonesia (Persero) Tbk in the lower half of its industry. The industry median Days Payable is 38.61. PT Garuda Indonesia (Persero) Tbk's value of 26.48 is 31.4% below this benchmark. Historically, PT Garuda Indonesia (Persero) Tbk's own Days Payable has ranged from 20.88 to 90.49 over the past decade. While the company's 10-year median is 42.51 vs. the industry median of 38.61, PT Garuda Indonesia (Persero) 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 Transportation company?
The median Days Payable among Transportation companies is 38.61, based on 969 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 Garuda Indonesia (Persero) Tbk's current Days Payable of 26.48 is 31.4% 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 Garuda Indonesia (Persero) Tbk and its competitors. For the Transportation industry, the median Days Payable is 38.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Garuda Indonesia (Persero) Tbk's current Days Payable is 26.48, which is 38% below median its own 10-year median of 42.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Garuda Indonesia (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp25.98, compared to a current price of Rp54.00 — trading 107.9% above its estimated fair value. The current Days Payable is 26.48, which is 38% below median its 10-year median of 42.51 and 31.4% below the Transportation industry median of 38.61. PT Garuda Indonesia (Persero) Tbk's overall GF Score™ is 43/100 with 6 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 Garuda Indonesia (Persero) Tbk (ISX:GIAA), the current Days Payable is 26.48 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 Garuda Indonesia (Persero) Tbk (ISX:GIAA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Garuda Indonesia (Persero) Tbk stock appears to be overvalued. The current stock price of Rp54.00 is trading 107.9% above its estimated GF Value™ of Rp25.98. GuruFocus considers PT Garuda Indonesia (Persero) Tbk to be Significantly Overvalued.

Key valuation signals for ISX:GIAA:

  • Days Payable: 26.48 (38% below median its 10-year median of 42.51)
  • GF Value™: Rp25.98 vs. price of Rp54.00 (107.9% above fair value)
  • GF Score™: 43/100 with 6 warning signs
  • Industry Position: 31.4% below the Transportation median (#676 of 969)

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


PT Garuda Indonesia (Persero) Tbk Business Description

Other Exchanges YGD:Germany
Address Jalan Kebon Sirih No. 46A, Garuda Indonesia Building, Jakarta, IDN, 10110
PT Garuda Indonesia (Persero) Tbk provides airline services in Indonesia and internationally. It operates through Flight Operations, Aircraft Maintenance Services, and Other segments. It provides scheduled and non-scheduled airline services for domestic and international markets, and aircraft repair, maintenance, and overhaul services. The company also offers computerized reservation system (CRS); training facilities for the employees of travel agencies; technical assistance in the CRS for travel agents, as well as rents computer equipment for travel agents.
43GF Score

Get the complete analysis for ISX:GIAA

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

Rp54.00
Price
Rp25.98
GF Value