PT Indo-Rama Synthetics Tbk (ISX:INDR) Days Payable: 102.16 (As of Mar. 2026) — Near Median


ISX:INDR PT Indo-Rama Synthetics Tbk ISX:INDR
65 GF Score
Price Rp1,935.00
GF Value Rp3,026.94
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is PT Indo-Rama Synthetics Tbk Days Payable?

PT Indo-Rama Synthetics Tbk ISX:INDR +1.57% 65 Days Payable is 102.16 as of Mar. 2026, which is 6% above its 10-year median of 96.67. GuruFocus rates ISX:INDR with a GF Score™ of 65/100 and a GF Value™ of Rp3,026.94 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,012 Manufacturing - Apparel & Accessories companies, PT Indo-Rama Synthetics Tbk ranks better than 75.3% on this metric.

PT Indo-Rama Synthetics Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp3,629,885 Mil. PT Indo-Rama Synthetics Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp3,242,276 Mil. Hence, PT Indo-Rama Synthetics Tbk's Days Payable for the three months ended in Mar. 2026 was 102.16.

The historical rank and industry rank for PT Indo-Rama Synthetics Tbk's Days Payable or its related term are showing as below:

ISX:INDR' s Days Payable Range Over the Past 10 Years
Min: 77.88   Med: 96.67   Max: 114.52
Current: 99.19

During the past 13 years, PT Indo-Rama Synthetics Tbk's highest Days Payable was 114.52. The lowest was 77.88. And the median was 96.67.

ISX:INDR's Days Payable is ranked better than
75.3% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.045 vs ISX:INDR: 99.19

PT Indo-Rama Synthetics Tbk's Days Payable increased from Mar. 2025 (97.21) to Mar. 2026 (102.16). It may suggest that PT Indo-Rama Synthetics Tbk delayed paying its suppliers.


PT Indo-Rama Synthetics Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Indo-Rama Synthetics 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 Indo-Rama Synthetics Tbk Days Payable Chart

PT Indo-Rama Synthetics 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 77.88 78.50 95.71 91.38 102.27

PT Indo-Rama Synthetics 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 97.21 100.17 102.40 96.34 102.16

PT Indo-Rama Synthetics Tbk Days Payable Competitor Comparison

For the Textile Manufacturing subindustry, PT Indo-Rama Synthetics 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 Indo-Rama Synthetics Tbk Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Indo-Rama Synthetics Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Indo-Rama Synthetics Tbk's Days Payable falls into.


ISX:INDR
65GF Score
PT Indo-Rama Synthetics Tbk ISX:INDR
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indo-Rama Synthetics 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 Indo-Rama Synthetics 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
=( (3409070.5 + 3768191.972) / 2 ) / 12808384.304*365
=3588631.236 / 12808384.304*365
=102.27

PT Indo-Rama Synthetics 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
=( (3768191.972 + 3491577.646) / 2 ) / 3242275.982*365 / 4
=3629884.809 / 3242275.982*365 / 4
=102.16

* 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 102.16 mean?
PT Indo-Rama Synthetics Tbk (ISX:INDR) has a Days Payable of 102.16 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 Indo-Rama Synthetics Tbk and its competitors. This is near median its historical median of 96.67. Over the past decade, PT Indo-Rama Synthetics Tbk's Days Payable has ranged from 77.88 to 114.52. According to the industry distribution chart, PT Indo-Rama Synthetics Tbk ranks #250 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 24.7%.
Is PT Indo-Rama Synthetics Tbk's Days Payable too high?
PT Indo-Rama Synthetics Tbk's current Days Payable of 102.16 is near median its 10-year median of 96.67. Over the past 10 years, this metric has ranged from a low of 77.88 to a high of 114.52. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.05. PT Indo-Rama Synthetics Tbk's value of 102.16 is 89% above this industry median. Based on the distribution chart, PT Indo-Rama Synthetics Tbk ranks #250 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, PT Indo-Rama Synthetics Tbk has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Indo-Rama Synthetics Tbk's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Indo-Rama Synthetics Tbk ranks #250 out of 1012 companies for Days Payable. This places PT Indo-Rama Synthetics Tbk in the top 25% of its industry — outperforming the majority of peers. The industry median Days Payable is 54.05. PT Indo-Rama Synthetics Tbk's value of 102.16 is 89% above this benchmark. Historically, PT Indo-Rama Synthetics Tbk's own Days Payable has ranged from 77.88 to 114.52 over the past decade. While the company's 10-year median is 96.67 vs. the industry median of 54.05, PT Indo-Rama Synthetics Tbk has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.05, based on 1,012 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 Indo-Rama Synthetics Tbk's current Days Payable of 102.16 is 89% 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 Indo-Rama Synthetics Tbk and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indo-Rama Synthetics Tbk's current Days Payable is 102.16, which is near median its own 10-year median of 96.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indo-Rama Synthetics Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indo-Rama Synthetics Tbk (ISX:INDR) is currently considered Possible Value Trap. The stock's GF Value™ is Rp3,026.94, compared to a current price of Rp1,935.00 — trading 36.1% below its estimated fair value. The current Days Payable is 102.16, which is near median its 10-year median of 96.67 and 89% above the Manufacturing - Apparel & Accessories industry median of 54.05. PT Indo-Rama Synthetics Tbk's overall GF Score™ is 65/100 with 4 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 Indo-Rama Synthetics Tbk (ISX:INDR), the current Days Payable is 102.16 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 Indo-Rama Synthetics Tbk (ISX:INDR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indo-Rama Synthetics Tbk stock appears to be undervalued. The current stock price of Rp1,935.00 is trading 36.1% below its estimated GF Value™ of Rp3,026.94. GuruFocus considers PT Indo-Rama Synthetics Tbk to be Possible Value Trap.

Key valuation signals for ISX:INDR:

  • Days Payable: 102.16 (near median its 10-year median of 96.67)
  • GF Value™: Rp3,026.94 vs. price of Rp1,935.00 (36.1% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 89% above the Manufacturing - Apparel & Accessories median (#250 of 1012)

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


PT Indo-Rama Synthetics Tbk Business Description

Address Jalan H. R. Rasuna Said, Blok X-1, Kav. 1-2, Graha Irama, 17th Floor, Jakarta, IDN, 12950
PT Indo-Rama Synthetics Tbk is engaged in operation of cotton spinning mill in Purwakarta. It has expanded its Spun Yarns business and diversified into manufacturing of Polyester Filament Yarns, Polyester Staple Fibers, PET Resin, Polyester Chips, and Polyester Filament Fabrics production for all markets, with manufacturing plants located in Purwakarta, and Campaka in Indonesia, and through its indirect subsidiaries, in Uzbekistan and Turkey. Its segment includes Spun yarns manufactures spun yarns and sewing thread; Polyester manufactures polyester filament yarns, polyester staple fibre, textile chips, polyester filament fabrics and pet resin; Minerals, is engaged in gold and coal mining; and Others is engaged in trading, investment, mining and other activities.
65GF Score

Get the complete analysis for ISX:INDR

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

Rp1,935.00
Price
Rp3,026.94
GF Value