PT Indo Acidatama Tbk (ISX:SRSN) Days Payable: 23.64 (As of Mar. 2026) — 90% Above Median


ISX:SRSN PT Indo Acidatama Tbk ISX:SRSN
85 GF Score
Price Rp67.00
GF Value Rp59.70
Valuation Modestly Overvalued
! 4 Warning Signs
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What is PT Indo Acidatama Tbk Days Payable?

PT Indo Acidatama Tbk ISX:SRSN +3.08% 85 Days Payable is 23.64 as of Mar. 2026, which is 90% above its 10-year median of 12.47. GuruFocus rates ISX:SRSN with a GF Score™ of 85/100 and a GF Value™ of Rp59.70 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,555 Chemicals companies, PT Indo Acidatama Tbk ranks worse than 90.03% on this metric.

PT Indo Acidatama Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp42,770 Mil. PT Indo Acidatama Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp165,087 Mil. Hence, PT Indo Acidatama Tbk's Days Payable for the three months ended in Mar. 2026 was 23.64.

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

ISX:SRSN' s Days Payable Range Over the Past 10 Years
Min: 7.88   Med: 12.47   Max: 20.83
Current: 20.83

During the past 13 years, PT Indo Acidatama Tbk's highest Days Payable was 20.83. The lowest was 7.88. And the median was 12.47.

ISX:SRSN's Days Payable is ranked worse than
90.03% of 1555 companies
in the Chemicals industry
Industry Median: 59.95 vs ISX:SRSN: 20.83

PT Indo Acidatama Tbk's Days Payable increased from Mar. 2025 (12.14) to Mar. 2026 (23.64). It may suggest that PT Indo Acidatama Tbk delayed paying its suppliers.


PT Indo Acidatama Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Indo Acidatama 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 Indo Acidatama Tbk Days Payable Chart

PT Indo Acidatama 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 11.37 11.77 10.89 10.33 13.72

PT Indo Acidatama 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 12.14 16.65 22.55 25.19 23.64

ISX:SRSN vs DOW: Days Payable Comparison

For the Chemicals subindustry, PT Indo Acidatama 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 Indo Acidatama Tbk Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, PT Indo Acidatama Tbk's Days Payable distribution charts can be found below:

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


ISX:SRSN
85GF Score
PT Indo Acidatama Tbk ISX:SRSN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Indo Acidatama 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 Indo Acidatama 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
=( (28271.541 + 42705.752) / 2 ) / 944281.009*365
=35488.6465 / 944281.009*365
=13.72

PT Indo Acidatama 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
=( (42705.752 + 42833.868) / 2 ) / 165086.728*365 / 4
=42769.81 / 165086.728*365 / 4
=23.64

* 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 23.64 mean?
PT Indo Acidatama Tbk (ISX:SRSN) has a Days Payable of 23.64 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 Indo Acidatama Tbk and its competitors. This is 90% above median its historical median of 12.47. Over the past decade, PT Indo Acidatama Tbk's Days Payable has ranged from 7.88 to 20.83. According to the industry distribution chart, PT Indo Acidatama Tbk ranks #1400 out of 1555 companies in the Chemicals industry, placing it in the top 90%.
Is PT Indo Acidatama Tbk's Days Payable too high?
PT Indo Acidatama Tbk's current Days Payable of 23.64 is 90% above median its 10-year median of 12.47. Over the past 10 years, this metric has ranged from a low of 7.88 to a high of 20.83. The Chemicals industry median Days Payable is 59.95. PT Indo Acidatama Tbk's value of 23.64 is 60.6% below this industry median. Based on the distribution chart, PT Indo Acidatama Tbk ranks #1400 out of 1555 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, PT Indo Acidatama Tbk has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Indo Acidatama Tbk's Days Payable compare to DOW?
According to the Chemicals industry distribution chart, PT Indo Acidatama Tbk ranks #1400 out of 1555 companies for Days Payable. This places PT Indo Acidatama Tbk in the lower half of its industry. The industry median Days Payable is 59.95. PT Indo Acidatama Tbk's value of 23.64 is 60.6% below this benchmark. Historically, PT Indo Acidatama Tbk's own Days Payable has ranged from 7.88 to 20.83 over the past decade. While the company's 10-year median is 12.47 vs. the industry median of 59.95, PT Indo Acidatama 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.95, based on 1,555 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 Indo Acidatama Tbk's current Days Payable of 23.64 is 60.6% 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 Indo Acidatama Tbk and its competitors. For the Chemicals industry, the median Days Payable is 59.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indo Acidatama Tbk's current Days Payable is 23.64, which is 90% above median its own 10-year median of 12.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indo Acidatama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indo Acidatama Tbk (ISX:SRSN) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp59.70, compared to a current price of Rp67.00 — trading 12.2% above its estimated fair value. The current Days Payable is 23.64, which is 90% above median its 10-year median of 12.47 and 60.6% below the Chemicals industry median of 59.95. PT Indo Acidatama Tbk's overall GF Score™ is 85/100 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 Indo Acidatama Tbk (ISX:SRSN), the current Days Payable is 23.64 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 Indo Acidatama Tbk (ISX:SRSN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indo Acidatama Tbk stock appears to be overvalued. The current stock price of Rp67.00 is trading 12.2% above its estimated GF Value™ of Rp59.70. GuruFocus considers PT Indo Acidatama Tbk to be Modestly Overvalued.

Key valuation signals for ISX:SRSN:

  • Days Payable: 23.64 (90% above median its 10-year median of 12.47)
  • GF Value™: Rp59.70 vs. price of Rp67.00 (12.2% above fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 60.6% below the Chemicals median (#1400 of 1555)

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


PT Indo Acidatama Tbk Business Description

Address Jalan Raya Perjuangan 88, Graha Kencana, 9th Floor-Suite A, Jakarta Barat, Jakarta, IDN, 11530
PT Indo Acidatama Tbk is an Indonesian-based company engaged in manufacturing ethanol. The company produces acetic acid, ethyl acetate, bio-organic fertilizers, methylated spirit, and carbonic acid gas. It operates business activity in segments such as Ethanol, Acetic Acid, and Others. The fertilizers of the company are marketed under the brand names Pomi, Randex, Beka, and Alfinas. The company earns the majority of its revenue from the Ethanol segment.
85GF Score

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

Rp67.00
Price
Rp59.70
GF Value