Formatting input to thousand separator Jetpack Compose

Components.kt

@Composable
fun ThousandFormatTextField() {
    var text by remember {
        mutableStateOf(TextFieldValue(""))
    }
    TextField(
        value = text,
        onValueChange = { newInput ->
            val newValue = if (newInput.text.isNotBlank()) {
                newInput.text
                    .clearThousandFormat()
                    .toLong()
                    .formatThousand()
            } else newInput.text

            text = newInput.copy(
                text = newValue,
                selection = TextRange(newValue.length)
            )
        },
        placeholder = {
            Text(text = "Using textfieldvalue")
        },
        keyboardOptions = KeyboardOptions(keyboardType = KeyboardType.Number)
    )
}