PT Tirta Mahakam Resources Tbk (ISX:TIRT) Days Payable: 4.24 (As of Mar. 2026) — 91% Below Median


ISX:TIRT PT Tirta Mahakam Resources Tbk ISX:TIRT
11 GF Score
Price Rp590.00
! 4 Warning Signs
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What is PT Tirta Mahakam Resources Tbk Days Payable?

PT Tirta Mahakam Resources Tbk ISX:TIRT 11 Days Payable is 4.24 as of Mar. 2026, which is 91% below its 10-year median of 48.44. GuruFocus rates ISX:TIRT with a GF Score™ of 11/100. The stock has 4 warning signs investors should review. Among 276 Forest Products companies, PT Tirta Mahakam Resources Tbk ranks worse than 99.28% on this metric.

PT Tirta Mahakam Resources Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp614 Mil. PT Tirta Mahakam Resources Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp13,234 Mil. Hence, PT Tirta Mahakam Resources Tbk's Days Payable for the three months ended in Mar. 2026 was 4.24.

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

ISX:TIRT' s Days Payable Range Over the Past 10 Years
Min: 0.72   Med: 48.44   Max: 126.26
Current: 4.95

During the past 13 years, PT Tirta Mahakam Resources Tbk's highest Days Payable was 126.26. The lowest was 0.72. And the median was 48.44.

ISX:TIRT's Days Payable is ranked worse than
99.28% of 276 companies
in the Forest Products industry
Industry Median: 57.93 vs ISX:TIRT: 4.95

PT Tirta Mahakam Resources Tbk's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (4.24). It may suggest that PT Tirta Mahakam Resources Tbk delayed paying its suppliers.


PT Tirta Mahakam Resources Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk Days Payable Chart

PT Tirta Mahakam Resources 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 126.26 50.40 0.72 0.00 1.41

PT Tirta Mahakam Resources 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 0.00 0.50 0.88 0.00 4.24

ISX:TIRT vs SSD, UFPI, BCC: Days Payable Comparison

For the Lumber & Wood Production subindustry, PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Tirta Mahakam Resources Tbk's Days Payable distribution charts can be found below:

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


ISX:TIRT
11GF Score
PT Tirta Mahakam Resources Tbk ISX:TIRT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Tirta Mahakam Resources 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 Tirta Mahakam Resources 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
=( (4.473 + 49.474) / 2 ) / 7003.318*365
=26.9735 / 7003.318*365
=1.41

PT Tirta Mahakam Resources 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
=( (49.474 + 1178.951) / 2 ) / 13233.532*365 / 4
=614.2125 / 13233.532*365 / 4
=4.24

* 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 4.24 mean?
PT Tirta Mahakam Resources Tbk (ISX:TIRT) has a Days Payable of 4.24 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 Tirta Mahakam Resources Tbk and its competitors. This is 91% below median its historical median of 48.44. Over the past decade, PT Tirta Mahakam Resources Tbk's Days Payable has ranged from 0.72 to 126.26. According to the industry distribution chart, PT Tirta Mahakam Resources Tbk ranks #274 out of 276 companies in the Forest Products industry, placing it in the top 99.3%.
Is PT Tirta Mahakam Resources Tbk's Days Payable too high?
PT Tirta Mahakam Resources Tbk's current Days Payable of 4.24 is 91% below median its 10-year median of 48.44. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 126.26. The Forest Products industry median Days Payable is 57.93. PT Tirta Mahakam Resources Tbk's value of 4.24 is 92.7% below this industry median. Based on the distribution chart, PT Tirta Mahakam Resources Tbk ranks #274 out of 276 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Tirta Mahakam Resources Tbk has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does PT Tirta Mahakam Resources Tbk's Days Payable compare to SSD and UFPI?
According to the Forest Products industry distribution chart, PT Tirta Mahakam Resources Tbk ranks #274 out of 276 companies for Days Payable. This places PT Tirta Mahakam Resources Tbk in the lower half of its industry. The industry median Days Payable is 57.93. PT Tirta Mahakam Resources Tbk's value of 4.24 is 92.7% below this benchmark. Historically, PT Tirta Mahakam Resources Tbk's own Days Payable has ranged from 0.72 to 126.26 over the past decade. While the company's 10-year median is 48.44 vs. the industry median of 57.93, PT Tirta Mahakam Resources 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 Forest Products company?
The median Days Payable among Forest Products companies is 57.93, based on 276 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 Tirta Mahakam Resources Tbk's current Days Payable of 4.24 is 92.7% 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 Tirta Mahakam Resources Tbk and its competitors. For the Forest Products industry, the median Days Payable is 57.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Tirta Mahakam Resources Tbk's current Days Payable is 4.24, which is 91% below median its own 10-year median of 48.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Tirta Mahakam Resources Tbk stock overvalued right now?
PT Tirta Mahakam Resources Tbk (ISX:TIRT) has a current Days Payable of 4.24. The current Days Payable is 4.24, which is 91% below median its 10-year median of 48.44 and 92.7% below the Forest Products industry median of 57.93. PT Tirta Mahakam Resources Tbk's overall GF Score™ is 11/100 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 Tirta Mahakam Resources Tbk (ISX:TIRT), the current Days Payable is 4.24 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 Tirta Mahakam Resources Tbk Business Description

Address Jalan Letjen Soepeno No. 34, Arteri Permata Hijau, Gapura Prima Office Tower (The Bellezza) 20th Floor, Jakarta Selatan, Jakarta, IDN, 12210
PT Tirta Mahakam Resources Tbk is engaged in the plywood processing industry, producing various types of plywood products. The company's main products are Floorbase, General Plywood, Concrete Panel, Structure Panel, Barecore, Blockboard, Polyester Plywood, and Polyester Blockboard. It has only one reportable segment, which is plywood industry segment.
11GF Score

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Rp590.00
Price