PT Pioneerindo Gourmet International Tbk (ISX:PTSP) Days Payable : 32.37 (As of Jun. 2024)

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What is PT Pioneerindo Gourmet International Tbk Days Payable?

PT Pioneerindo Gourmet International Tbk's average Accounts Payable for the three months ended in Jun. 2024 was Rp26,668 Mil. PT Pioneerindo Gourmet International Tbk's Cost of Goods Sold for the three months ended in Jun. 2024 was Rp75,170 Mil. Hence, PT Pioneerindo Gourmet International Tbk's Days Payable for the three months ended in Jun. 2024 was 32.37.

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

ISX:PTSP' s Days Payable Range Over the Past 10 Years
Min: 34.88 Med: 48.97 Max: 65.69
Current: 39.15

During the past 13 years, PT Pioneerindo Gourmet International Tbk's highest Days Payable was 65.69. The lowest was 34.88. And the median was 48.97.

ISX:PTSP's Days Payable is ranked better than
53.98% of 339 companies
in the Restaurants industry
Industry Median: 37.04 vs ISX:PTSP: 39.15

PT Pioneerindo Gourmet International Tbk's Days Payable increased from Jun. 2023 (32.32) to Jun. 2024 (32.37). It may suggest that PT Pioneerindo Gourmet International Tbk delayed paying its suppliers.

PT Pioneerindo Gourmet International Tbk Days Payable Historical Data

The historical data trend for PT Pioneerindo Gourmet International 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 Pioneerindo Gourmet International Tbk Days Payable Chart

PT Pioneerindo Gourmet International Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.63

65.69

48.59

37.82

34.88

PT Pioneerindo Gourmet International Tbk Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															32.32	46.29	36.31	50.25	32.37

Competitive Comparison of PT Pioneerindo Gourmet International Tbk's Days Payable

For the Restaurants subindustry, PT Pioneerindo Gourmet International 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 Pioneerindo Gourmet International Tbk's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, PT Pioneerindo Gourmet International Tbk's Days Payable distribution charts can be found below:

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

PT Pioneerindo Gourmet International 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 Pioneerindo Gourmet International 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
=	( (21033.029	+	25548.375)	/	2 )	/	243745.676	*	365
=	23290.702					/	243745.676	*	365
=	34.88

PT Pioneerindo Gourmet International Tbk's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (38058.314	+	15276.707)	/	2 )	/	75170.324	*	365 / 4
=	26667.5105					/	75170.324	*	365 / 4
=	32.37

PT Pioneerindo Gourmet International Tbk Days Payable Related Terms

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PT Pioneerindo Gourmet International Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » PT Pioneerindo Gourmet International Tbk (ISX:PTSP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Palmerah Utara No. 100, CFC Center Building, West Jakarta, IDN, 11480

Website

https://www.cfcindonesia.com

PT Pioneerindo Gourmet International Tbk is an Indonesia based company engaged in the operation and management of fast-food restaurants. The operating segments are grouped into four strategic business units which provide various products consist of fried chicken (California Fried Chicken-CFC), oriental food (Sapo Oriental), donuts (Cal Donuts), and ramen (Sugakiya). The majority of the revenue is generated from the fried chicken segment. Its products include fried chickens, chicken strips, fried rice, noodles, burgers, soup, and various drinks.

PT Pioneerindo Gourmet International Tbk Headlines

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