PT Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) Days Payable : 81.83 (As of Sep. 2024)

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What is PT Garuda Maintenance Facility Aero Asia Tbk Days Payable?

PT Garuda Maintenance Facility Aero Asia Tbk's average Accounts Payable for the three months ended in Sep. 2024 was Rp1,055,394 Mil. PT Garuda Maintenance Facility Aero Asia Tbk's Cost of Goods Sold for the three months ended in Sep. 2024 was Rp1,176,888 Mil. Hence, PT Garuda Maintenance Facility Aero Asia Tbk's Days Payable for the three months ended in Sep. 2024 was 81.83.

The historical rank and industry rank for PT Garuda Maintenance Facility Aero Asia Tbk's Days Payable or its related term are showing as below:

ISX:GMFI' s Days Payable Range Over the Past 10 Years
Min: 49.37 Med: 98.73 Max: 249.26
Current: 75.34

During the past 13 years, PT Garuda Maintenance Facility Aero Asia Tbk's highest Days Payable was 249.26. The lowest was 49.37. And the median was 98.73.

ISX:GMFI's Days Payable is ranked better than
52% of 300 companies
in the Aerospace & Defense industry
Industry Median: 71.79 vs ISX:GMFI: 75.34

PT Garuda Maintenance Facility Aero Asia Tbk's Days Payable declined from Sep. 2023 (114.15) to Sep. 2024 (81.83). It may suggest that PT Garuda Maintenance Facility Aero Asia Tbk accelerated paying its suppliers.

PT Garuda Maintenance Facility Aero Asia Tbk Days Payable Historical Data

The historical data trend for PT Garuda Maintenance Facility Aero Asia 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 Garuda Maintenance Facility Aero Asia Tbk Days Payable Chart

PT Garuda Maintenance Facility Aero Asia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.69

158.05

249.26

195.50

101.52

PT Garuda Maintenance Facility Aero Asia Tbk Quarterly Data
	Dec19	Mar20	Jun20	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															114.15	69.07	86.43	66.35	81.83

Competitive Comparison of PT Garuda Maintenance Facility Aero Asia Tbk's Days Payable

For the Aerospace & Defense subindustry, PT Garuda Maintenance Facility Aero Asia 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 Maintenance Facility Aero Asia Tbk's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, PT Garuda Maintenance Facility Aero Asia Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Garuda Maintenance Facility Aero Asia Tbk's Days Payable falls into.

PT Garuda Maintenance Facility Aero Asia 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 Maintenance Facility Aero Asia 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
=	( (1558817.468	+	1195047.766)	/	2 )	/	4950321.963	*	365
=	1376932.617					/	4950321.963	*	365
=	101.52

PT Garuda Maintenance Facility Aero Asia 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
=	( (1085486.305	+	1025302.269)	/	2 )	/	1176887.727	*	365 / 4
=	1055394.287					/	1176887.727	*	365 / 4
=	81.83

PT Garuda Maintenance Facility Aero Asia Tbk Days Payable Related Terms

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PT Garuda Maintenance Facility Aero Asia Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » PT Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

PT Garuda Maintenance Facility Aero Asia Tbk, Second Floor, South Lobby Hangar 4, Soekarno-Hatta Airport Office Area, Pajang Village, Benda District, Tangerang, IDN, 15125

Website

https://www.gmf-aeroasia.co.id

PT Garuda Maintenance Facility Aero Asia Tbk is an Indonesia-based aircraft maintenance company. It offers various services including line maintenance, base maintenance, component services, engineering services, components maintenance and calibration, material services, logistics, cabin maintenance services, and other services. It also offers consulting services, training, and provision of experts in the field of aircraft maintenance, components, and engines. The company's operating segments are repairs and maintenance airframe, engine, and component segment, which is the revenue driver for the company; Line maintenance and technical ground handling segment; and other operations.