PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Days Payable : 52.66 (As of Mar. 2024)

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What is PT Mandiri Herindo Adiperkasa Tbk Days Payable?

PT Mandiri Herindo Adiperkasa Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp282,287 Mil. PT Mandiri Herindo Adiperkasa Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp489,119 Mil. Hence, PT Mandiri Herindo Adiperkasa Tbk's Days Payable for the three months ended in Mar. 2024 was 52.66.

The historical rank and industry rank for PT Mandiri Herindo Adiperkasa Tbk's Days Payable or its related term are showing as below:

ISX:MAHA' s Days Payable Range Over the Past 10 Years
Min: 38.38 Med: 47.22 Max: 107.19
Current: 107.19

During the past 4 years, PT Mandiri Herindo Adiperkasa Tbk's highest Days Payable was 107.19. The lowest was 38.38. And the median was 47.22.

ISX:MAHA's Days Payable is ranked better than
84.12% of 932 companies
in the Transportation industry
Industry Median: 38.395 vs ISX:MAHA: 107.19

PT Mandiri Herindo Adiperkasa Tbk's Days Payable declined from Dec. 2022 (62.68) to Mar. 2024 (52.66). It may suggest that PT Mandiri Herindo Adiperkasa Tbk accelerated paying its suppliers.

PT Mandiri Herindo Adiperkasa Tbk Days Payable Historical Data

The historical data trend for PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk Days Payable Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

42.23

38.38

52.21

63.18

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial				62.68	60.62	-	61.58	52.66

Competitive Comparison of PT Mandiri Herindo Adiperkasa Tbk's Days Payable

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Days Payable falls into.

PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa 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
=	( (225703.531	+	286360.686)	/	2 )	/	1479179.892	*	365
=	256032.1085					/	1479179.892	*	365
=	63.18

PT Mandiri Herindo Adiperkasa Tbk's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (286360.686	+	278213.469)	/	2 )	/	489119.414	*	365 / 4
=	282287.0775					/	489119.414	*	365 / 4
=	52.66

PT Mandiri Herindo Adiperkasa Tbk Days Payable Related Terms

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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senopati Raya No. 8B, Office 8, Floor 31, SCBD Lot 28, Jakarta, IDN, 12190

Website

https://www.mha.co.id

PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. Mandiri Services strives to provide safe, efficient, and effective mining services. Its focus is to provide prosperity and energy to the people of Indonesia through consistent and sustainable innovation toward a better future. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer.

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