PT Petrosea Tbk (ISX:PTRO) Days Payable : 94.74 (As of Mar. 2024)

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What is PT Petrosea Tbk Days Payable?

PT Petrosea Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp2,256,100 Mil. PT Petrosea Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp2,173,100 Mil. Hence, PT Petrosea Tbk's Days Payable for the three months ended in Mar. 2024 was 94.74.

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

ISX:PTRO' s Days Payable Range Over the Past 10 Years
Min: 54.93 Med: 70.46 Max: 96.11
Current: 94.79

During the past 12 years, PT Petrosea Tbk's highest Days Payable was 96.11. The lowest was 54.93. And the median was 70.46.

ISX:PTRO's Days Payable is ranked worse than
55.3% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs ISX:PTRO: 94.79

PT Petrosea Tbk's Days Payable declined from Mar. 2023 (99.60) to Mar. 2024 (94.74). It may suggest that PT Petrosea Tbk accelerated paying its suppliers.

PT Petrosea Tbk Days Payable Historical Data

The historical data trend for PT Petrosea 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 Petrosea Tbk Days Payable Chart

PT Petrosea Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.65

65.14

54.93

86.29

96.11

PT Petrosea Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															99.60	96.54	93.55	95.22	94.74

Competitive Comparison of PT Petrosea Tbk's Days Payable

For the Other Industrial Metals & Mining subindustry, PT Petrosea 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 Petrosea Tbk's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Petrosea Tbk's Days Payable distribution charts can be found below:

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

PT Petrosea 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 Petrosea 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
=	( (1864675.54	+	2158131.088)	/	2 )	/	7638778.621	*	365
=	2011403.314					/	7638778.621	*	365
=	96.11

PT Petrosea 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
=	( (2158131.088	+	2354068.358)	/	2 )	/	2173100.017	*	365 / 4
=	2256099.723					/	2173100.017	*	365 / 4
=	94.74

PT Petrosea Tbk Days Payable Related Terms

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PT Petrosea Tbk (ISX:PTRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Petrosea Tbk (ISX:PTRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Boulevard Bintaro Jaya Blok B7/A6, Indy Bintaro Office Park, Building B, Sektor VII, CBD Bintaro Jaya, Tangerang Selatan, IDN, 15224

Website

https://www.petrosea.com

PT Petrosea Tbk is an Indonesian-based firm engaged in multi-disciplinary mining, infrastructure, and oil and gas services. It operates in three business segments. The Mining segment covers mining contracts like overburden stripping, drilling, blasting, lifting, hauling, mine services, and mines partnering. The Services segment covers supply-based facilities and port services. The Engineering and Construction segment provides multi-disciplinary engineering, procurement, and construction services to oil and gas, infrastructure, industrial, and manufacturing, and utility sectors. This segment also includes the supply of skilled trade personnel and equipment hire services. The majority of its revenue comes from the Mining segment.

PT Petrosea Tbk (ISX:PTRO) Headlines

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