PT Meratus Jasa Prima Tbk (ISX:KARW) Days Payable: 51.19 (As of Mar. 2026) — 176% Above Median


ISX:KARW PT Meratus Jasa Prima Tbk ISX:KARW
65 GF Score
Price Rp212.00
GF Value Rp395.27
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Meratus Jasa Prima Tbk Days Payable?

PT Meratus Jasa Prima Tbk ISX:KARW 65 Days Payable is 51.19 as of Mar. 2026, which is 176% above its 10-year median of 18.52. GuruFocus rates ISX:KARW with a GF Score™ of 65/100 and a GF Value™ of Rp395.27 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 968 Transportation companies, PT Meratus Jasa Prima Tbk ranks worse than 60.43% on this metric.

PT Meratus Jasa Prima Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp10,456 Mil. PT Meratus Jasa Prima Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp18,639 Mil. Hence, PT Meratus Jasa Prima Tbk's Days Payable for the three months ended in Mar. 2026 was 51.19.

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

ISX:KARW' s Days Payable Range Over the Past 10 Years
Min: 10.92   Med: 18.52   Max: 43.19
Current: 31.28

During the past 13 years, PT Meratus Jasa Prima Tbk's highest Days Payable was 43.19. The lowest was 10.92. And the median was 18.52.

ISX:KARW's Days Payable is ranked worse than
60.43% of 968 companies
in the Transportation industry
Industry Median: 38.8 vs ISX:KARW: 31.28

PT Meratus Jasa Prima Tbk's Days Payable increased from Mar. 2025 (12.26) to Mar. 2026 (51.19). It may suggest that PT Meratus Jasa Prima Tbk delayed paying its suppliers.


PT Meratus Jasa Prima Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk Days Payable Chart

PT Meratus Jasa Prima 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 15.10 22.93 22.25 17.18 43.19

PT Meratus Jasa Prima 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 12.26 14.57 16.22 54.88 51.19

PT Meratus Jasa Prima Tbk Days Payable Competitor Comparison

For the Marine Shipping subindustry, PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, PT Meratus Jasa Prima Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Meratus Jasa Prima Tbk's Days Payable falls into.


ISX:KARW
65GF Score
PT Meratus Jasa Prima Tbk ISX:KARW
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Meratus Jasa Prima 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 Meratus Jasa Prima 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
=( (2677.982 + 16172.498) / 2 ) / 79659.576*365
=9425.24 / 79659.576*365
=43.19

PT Meratus Jasa Prima 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
=( (16172.498 + 4740.219) / 2 ) / 18639.218*365 / 4
=10456.3585 / 18639.218*365 / 4
=51.19

* 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 51.19 mean?
PT Meratus Jasa Prima Tbk (ISX:KARW) has a Days Payable of 51.19 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 Meratus Jasa Prima Tbk and its competitors. This is 176% above median its historical median of 18.52. Over the past decade, PT Meratus Jasa Prima Tbk's Days Payable has ranged from 10.92 to 43.19. According to the industry distribution chart, PT Meratus Jasa Prima Tbk ranks #585 out of 968 companies in the Transportation industry, placing it in the top 60.4%.
Is PT Meratus Jasa Prima Tbk's Days Payable too high?
PT Meratus Jasa Prima Tbk's current Days Payable of 51.19 is 176% above median its 10-year median of 18.52. Over the past 10 years, this metric has ranged from a low of 10.92 to a high of 43.19. The Transportation industry median Days Payable is 38.80. PT Meratus Jasa Prima Tbk's value of 51.19 is 31.9% above this industry median. Based on the distribution chart, PT Meratus Jasa Prima Tbk ranks #585 out of 968 companies in the Transportation industry, which is below the industry midpoint. Overall, PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk's Days Payable compare to competitors?
According to the Transportation industry distribution chart, PT Meratus Jasa Prima Tbk ranks #585 out of 968 companies for Days Payable. This places PT Meratus Jasa Prima Tbk in the lower half of its industry. The industry median Days Payable is 38.80. PT Meratus Jasa Prima Tbk's value of 51.19 is 31.9% above this benchmark. Historically, PT Meratus Jasa Prima Tbk's own Days Payable has ranged from 10.92 to 43.19 over the past decade. While the company's 10-year median is 18.52 vs. the industry median of 38.80, PT Meratus Jasa Prima 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 Transportation company?
The median Days Payable among Transportation companies is 38.80, based on 968 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 Meratus Jasa Prima Tbk's current Days Payable of 51.19 is 31.9% 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 Meratus Jasa Prima Tbk and its competitors. For the Transportation industry, the median Days Payable is 38.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Meratus Jasa Prima Tbk's current Days Payable is 51.19, which is 176% above median its own 10-year median of 18.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Meratus Jasa Prima Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk (ISX:KARW) is currently considered Possible Value Trap. The stock's GF Value™ is Rp395.27, compared to a current price of Rp212.00 — trading 46.4% below its estimated fair value. The current Days Payable is 51.19, which is 176% above median its 10-year median of 18.52 and 31.9% above the Transportation industry median of 38.80. PT Meratus Jasa Prima Tbk's overall GF Score™ is 65/100 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 Meratus Jasa Prima Tbk (ISX:KARW), the current Days Payable is 51.19 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 Meratus Jasa Prima Tbk (ISX:KARW) Overvalued in 2026?

Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk stock appears to be undervalued. The current stock price of Rp212.00 is trading 46.4% below its estimated GF Value™ of Rp395.27. GuruFocus considers PT Meratus Jasa Prima Tbk to be Possible Value Trap.

Key valuation signals for ISX:KARW:

  • Days Payable: 51.19 (176% above median its 10-year median of 18.52)
  • GF Value™: Rp395.27 vs. price of Rp212.00 (46.4% below fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 31.9% above the Transportation median (#585 of 968)

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


PT Meratus Jasa Prima Tbk Business Description

Address Jalan Enggano Kel. Tanjung Priok, Kec. Tanjung Priok, Jakarta Utara, Jakarta, IDN, 14310
PT Meratus Jasa Prima Tbk is engaged in transportation consulting activities. The company also engages in supporting business activities in the scope of construction of non-fishery port buildings, dredging, cold storage activities, sea port service activities, wholesale trade in sea transportation equipment, parts and supplies. Its products and services include the management and operation of stevedoring equipment at Terminals 300, 301, 302, and 303 of Tanjung Priok Port to support container handling activities. These services also cover cargodoring, lift on/lift off, and trucking, in accordance with the applicable systems and procedures at port. It operates in single segment of stevedoring services in Port of Tanjung Priok, Jakarta.
65GF Score

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

Rp212.00
Price
Rp395.27
GF Value