PT Tirta Mahakam Resources Tbk (ISX:TIRT) Days Payable : 3.02 (As of Mar. 2024)

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What is PT Tirta Mahakam Resources Tbk Days Payable?

PT Tirta Mahakam Resources Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp191.67 Mil. PT Tirta Mahakam Resources Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp5,788.78 Mil. Hence, PT Tirta Mahakam Resources Tbk's Days Payable for the three months ended in Mar. 2024 was 3.02.

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: 1.19 Med: 48.24 Max: 126.26
Current: 1.39

During the past 13 years, PT Tirta Mahakam Resources Tbk's highest Days Payable was 126.26. The lowest was 1.19. And the median was 48.24.

ISX:TIRT's Days Payable is ranked worse than
99.28% of 278 companies
in the Forest Products industry
Industry Median: 57.6 vs ISX:TIRT: 1.39

PT Tirta Mahakam Resources Tbk's Days Payable increased from Mar. 2023 (0.99) to Mar. 2024 (3.02). It may suggest that PT Tirta Mahakam Resources Tbk delayed paying its suppliers.

PT Tirta Mahakam Resources Tbk Days Payable Historical Data

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.

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PT Tirta Mahakam Resources Tbk Days Payable Chart

PT Tirta Mahakam Resources Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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105.73

99.11

126.26

50.40

1.19

PT Tirta Mahakam Resources 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															0.99	0.81	0.80	0.59	3.02

Competitive Comparison of PT Tirta Mahakam Resources Tbk's Days Payable

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's Days Payable Distribution in the 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.

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. 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
=	( (104.928	+	84.969)	/	2 )	/	29216.317	*	365
=	94.9485					/	29216.317	*	365
=	1.19

PT Tirta Mahakam Resources 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
=	( (84.969	+	298.363)	/	2 )	/	5788.783	*	365 / 4
=	191.666					/	5788.783	*	365 / 4
=	3.02

PT Tirta Mahakam Resources Tbk Days Payable Related Terms

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PT Tirta Mahakam Resources Tbk (ISX:TIRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PT Tirta Mahakam Resources Tbk (ISX:TIRT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Let. Jend Soepeno Number 34 , Arteri Permata Hijau, Gapura Prima Office Tower (The Bellezza) 20th Floor, Jakarta Selatan, Jakarta, IDN, 12210

Website

https://www.tirtamahakam.com

PT Tirta Mahakam Resources Tbk is an Indonesia-based wood manufacturing company. The company is engaged in the manufacturing and selling of plywood, hardwood, and related wood products. The company's main products are floor base, general plywood, concrete panel, structure panel, bare core, blockboard, polyester plywood, and polyester blockboard. The products offered by the company are distributed within the domestic market and to overseas markets such as Jepang, India, Taiwan, and other countries.

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