PT Multi Spunindo Jaya Tbk (ISX:MSJA) Days Payable: 26.04 (As of Mar. 2026) — 16% Below Median


ISX:MSJA PT Multi Spunindo Jaya Tbk ISX:MSJA
36 GF Score
Price Rp408.00
! 4 Warning Signs
View Full Analysis

What is PT Multi Spunindo Jaya Tbk Days Payable?

PT Multi Spunindo Jaya Tbk ISX:MSJA -1.92% 36 Days Payable is 26.04 as of Mar. 2026, which is 16% below its 10-year median of 31.08. GuruFocus rates ISX:MSJA with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, PT Multi Spunindo Jaya Tbk ranks worse than 76.7% on this metric.

PT Multi Spunindo Jaya Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp61,826 Mil. PT Multi Spunindo Jaya Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp216,679 Mil. Hence, PT Multi Spunindo Jaya Tbk's Days Payable for the three months ended in Mar. 2026 was 26.04.

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

ISX:MSJA' s Days Payable Range Over the Past 10 Years
Min: 27.49   Med: 31.08   Max: 38.42
Current: 28.31

During the past 6 years, PT Multi Spunindo Jaya Tbk's highest Days Payable was 38.42. The lowest was 27.49. And the median was 31.08.

ISX:MSJA's Days Payable is ranked worse than
76.7% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.99 vs ISX:MSJA: 28.31

PT Multi Spunindo Jaya Tbk's Days Payable increased from Mar. 2025 (25.36) to Mar. 2026 (26.04). It may suggest that PT Multi Spunindo Jaya Tbk delayed paying its suppliers.


PT Multi Spunindo Jaya Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Multi Spunindo Jaya 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 Spunindo Jaya Tbk Days Payable Chart

PT Multi Spunindo Jaya Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 38.34 31.92 30.23 27.49 27.61

PT Multi Spunindo Jaya Tbk Quarterly Data
Dec20 Dec21 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 25.36 30.80 32.19 28.52 26.04

PT Multi Spunindo Jaya Tbk Days Payable Competitor Comparison

For the Textile Manufacturing subindustry, PT Multi Spunindo Jaya 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 Spunindo Jaya Tbk Days Payable vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where PT Multi Spunindo Jaya Tbk's Days Payable falls into.


ISX:MSJA
36GF Score
PT Multi Spunindo Jaya Tbk ISX:MSJA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Multi Spunindo Jaya 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 Spunindo Jaya 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
=( (60952.143 + 71272.598) / 2 ) / 873933.042*365
=66112.3705 / 873933.042*365
=27.61

PT Multi Spunindo Jaya 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
=( (71272.598 + 52379.421) / 2 ) / 216678.799*365 / 4
=61826.0095 / 216678.799*365 / 4
=26.04

* 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 26.04 mean?
PT Multi Spunindo Jaya Tbk (ISX:MSJA) has a Days Payable of 26.04 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 Multi Spunindo Jaya Tbk and its competitors. This is 16% below median its historical median of 31.08. Over the past decade, PT Multi Spunindo Jaya Tbk's Days Payable has ranged from 27.49 to 38.42. According to the industry distribution chart, PT Multi Spunindo Jaya Tbk ranks #777 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 76.7%.
Is PT Multi Spunindo Jaya Tbk's Days Payable too high?
PT Multi Spunindo Jaya Tbk's current Days Payable of 26.04 is 16% below median its 10-year median of 31.08. Over the past 10 years, this metric has ranged from a low of 27.49 to a high of 38.42. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.99. PT Multi Spunindo Jaya Tbk's value of 26.04 is 51.8% below this industry median. Based on the distribution chart, PT Multi Spunindo Jaya Tbk ranks #777 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, PT Multi Spunindo Jaya Tbk has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does PT Multi Spunindo Jaya Tbk's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Multi Spunindo Jaya Tbk ranks #777 out of 1013 companies for Days Payable. This places PT Multi Spunindo Jaya Tbk in the lower half of its industry. The industry median Days Payable is 53.99. PT Multi Spunindo Jaya Tbk's value of 26.04 is 51.8% below this benchmark. Historically, PT Multi Spunindo Jaya Tbk's own Days Payable has ranged from 27.49 to 38.42 over the past decade. While the company's 10-year median is 31.08 vs. the industry median of 53.99, PT Multi Spunindo Jaya Tbk has consistently been below 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 53.99, based on 1,013 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 Spunindo Jaya Tbk's current Days Payable of 26.04 is 51.8% 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 Spunindo Jaya Tbk and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multi Spunindo Jaya Tbk's current Days Payable is 26.04, which is 16% below median its own 10-year median of 31.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multi Spunindo Jaya Tbk stock overvalued right now?
PT Multi Spunindo Jaya Tbk (ISX:MSJA) has a current Days Payable of 26.04. The current Days Payable is 26.04, which is 16% below median its 10-year median of 31.08 and 51.8% below the Manufacturing - Apparel & Accessories industry median of 53.99. PT Multi Spunindo Jaya Tbk's overall GF Score™ is 36/100 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 Multi Spunindo Jaya Tbk (ISX:MSJA), the current Days Payable is 26.04 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.

PT Multi Spunindo Jaya Tbk Business Description

Address Desa Jabaran, Kec. Belongbendo, Krian, Sidoarjo, Jawa Timur, IDN, 61263
PT Multi Spunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors. It has two segments Local and Export. Geographically, it operates in Indonesia.
36GF Score

Get the complete analysis for ISX:MSJA

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

Rp408.00
Price