PT Multi Agro Gemilang Plantation Tbk (ISX:MAGP) Days Payable: 23.35 (As of Mar. 2022)


ISX:MAGP PT Multi Agro Gemilang Plantation Tbk ISX:MAGP
4 GF Score
Price Rp50.00
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What is PT Multi Agro Gemilang Plantation Tbk Days Payable?

PT Multi Agro Gemilang Plantation Tbk ISX:MAGP 4 Days Payable is 23.35 as of Mar. 2022. GuruFocus rates ISX:MAGP with a GF Score™ of 4/100.

PT Multi Agro Gemilang Plantation Tbk's average Accounts Payable for the three months ended in Mar. 2022 was Rp9,137 Mil. PT Multi Agro Gemilang Plantation Tbk's Cost of Goods Sold for the three months ended in Mar. 2022 was Rp35,701 Mil. Hence, PT Multi Agro Gemilang Plantation Tbk's Days Payable for the three months ended in Mar. 2022 was 23.35.

The historical rank and industry rank for PT Multi Agro Gemilang Plantation Tbk's Days Payable or its related term are showing as below:

ISX:MAGP's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 44.14
* Ranked among companies with meaningful Days Payable only.

PT Multi Agro Gemilang Plantation Tbk's Days Payable declined from Dec. 2020 (29.01) to Mar. 2022 (23.35). It may suggest that PT Multi Agro Gemilang Plantation Tbk accelerated paying its suppliers.

PT Multi Agro Gemilang Plantation Tbk Days Payable Related Terms

PT Multi Agro Gemilang Plantation Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Multi Agro Gemilang Plantation 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 Multi Agro Gemilang Plantation Tbk Days Payable Chart

PT Multi Agro Gemilang Plantation Tbk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable
Get a 7-Day Free Trial Premium Member Only 31.81 6.07 7.05 4.27 13.58

PT Multi Agro Gemilang Plantation Tbk Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22
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 29.01 22.80 9.11 8.78 23.35

ISX:MAGP vs ADM, TSN, BG: Days Payable Comparison

For the Farm Products subindustry, PT Multi Agro Gemilang Plantation 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 Multi Agro Gemilang Plantation Tbk Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Multi Agro Gemilang Plantation Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Multi Agro Gemilang Plantation Tbk's Days Payable falls into.


ISX:MAGP
4GF Score
PT Multi Agro Gemilang Plantation Tbk ISX:MAGP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Multi Agro Gemilang Plantation 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 Multi Agro Gemilang Plantation Tbk's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (2445.165 + 11889.16) / 2 ) / 192631.92*365
=7167.1625 / 192631.92*365
=13.58

PT Multi Agro Gemilang Plantation Tbk's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

Days Payable (Q: Mar. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2021 ) + Accounts Payable (Q: Mar. 2022 )) / count ) / Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=( (3126.697 + 15147.84) / 2 ) / 35701.382*365 / 4
=9137.2685 / 35701.382*365 / 4
=23.35

* 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 23.35 mean?
PT Multi Agro Gemilang Plantation Tbk (ISX:MAGP) has a Days Payable of 23.35 as of Mar. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PT Multi Agro Gemilang Plantation Tbk and its competitors.
Is PT Multi Agro Gemilang Plantation Tbk's Days Payable too high?
PT Multi Agro Gemilang Plantation Tbk's current Days Payable is 23.35. The Consumer Packaged Goods industry median Days Payable is 44.14. PT Multi Agro Gemilang Plantation Tbk's value of 23.35 is 47.1% below this industry median. Overall, PT Multi Agro Gemilang Plantation Tbk has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PT Multi Agro Gemilang Plantation Tbk's Days Payable compare to ADM and TSN?
PT Multi Agro Gemilang Plantation Tbk's Days Payable of 23.35 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 44.14. PT Multi Agro Gemilang Plantation Tbk's value of 23.35 is 47.1% below 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.14, based on 1,881 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 Multi Agro Gemilang Plantation Tbk's current Days Payable of 23.35 is 47.1% 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 Multi Agro Gemilang Plantation Tbk and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multi Agro Gemilang Plantation Tbk's current Days Payable is 23.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multi Agro Gemilang Plantation Tbk stock overvalued right now?
PT Multi Agro Gemilang Plantation Tbk (ISX:MAGP) has a current Days Payable of 23.35. The current Days Payable is 23.35 and 47.1% below the Consumer Packaged Goods industry median of 44.14. PT Multi Agro Gemilang Plantation Tbk's overall GF Score™ is 4/100. 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 Multi Agro Gemilang Plantation Tbk (ISX:MAGP), the current Days Payable is 23.35 as of Mar. 2022. 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 Multi Agro Gemilang Plantation Tbk Business Description

Address Jalan Jenderal Sudirman Kav 1 Gelora Tanah Abang, Panin Bank Tower, 2nd Floor, Central Jakarta, Jakarta, IDN, 1027
PT Multi Agro Gemilang Plantation Tbk is mainly engaged in oil palm plantation.
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