PT Cerestar Indonesia Tbk (ISX:TRGU) Days Payable : 35.49 (As of Mar. 2024)

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What is PT Cerestar Indonesia Tbk Days Payable?

PT Cerestar Indonesia Tbk's average Accounts Payable for the three months ended in Mar. 2024 was Rp672,768 Mil. PT Cerestar Indonesia Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp1,729,761 Mil. Hence, PT Cerestar Indonesia Tbk's Days Payable for the three months ended in Mar. 2024 was 35.49.

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

ISX:TRGU' s Days Payable Range Over the Past 10 Years
Min: 17.17 Med: 39.11 Max: 59.32
Current: 32.79

During the past 4 years, PT Cerestar Indonesia Tbk's highest Days Payable was 59.32. The lowest was 17.17. And the median was 39.11.

ISX:TRGU's Days Payable is ranked worse than
67.94% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 46.35 vs ISX:TRGU: 32.79

PT Cerestar Indonesia Tbk's Days Payable declined from Mar. 2023 (51.73) to Mar. 2024 (35.49). It may suggest that PT Cerestar Indonesia Tbk accelerated paying its suppliers.

PT Cerestar Indonesia Tbk Days Payable Historical Data

The historical data trend for PT Cerestar Indonesia 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 Cerestar Indonesia Tbk Days Payable Chart

PT Cerestar Indonesia Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

17.17

59.32

39.11

PT Cerestar Indonesia Tbk Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						51.73	33.04	32.01	24.39	35.49

Competitive Comparison of PT Cerestar Indonesia Tbk's Days Payable

For the Packaged Foods subindustry, PT Cerestar Indonesia 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 Cerestar Indonesia Tbk's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Cerestar Indonesia Tbk's Days Payable distribution charts can be found below:

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

PT Cerestar Indonesia 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 Cerestar Indonesia 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
=	( (817005.951	+	395576.683)	/	2 )	/	5658314.977	*	365
=	606291.317					/	5658314.977	*	365
=	39.11

PT Cerestar Indonesia 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
=	( (395576.683	+	949959.348)	/	2 )	/	1729760.847	*	365 / 4
=	672768.0155					/	1729760.847	*	365 / 4
=	35.49

PT Cerestar Indonesia Tbk Days Payable Related Terms

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PT Cerestar Indonesia Tbk (ISX:TRGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Cerestar Indonesia Tbk (ISX:TRGU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. MH Thamrin No. 81, The City Tower 28th Floor, Jakarta Pusat, IDN, 10310

Website

https://www.cerestargroup.co.id

PT Cerestar Indonesia Tbk is engaged in the flour industry and cereal/grain trading through Subsidiaries and management consulting services.

PT Cerestar Indonesia Tbk (ISX:TRGU) Headlines

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