Fortescue (ASX:FMG) Accounts Payable : A$2,083 Mil (As of Dec. 2023)

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What is Fortescue Accounts Payable?

Fortescue's Accounts Payable for the quarter that ended in Dec. 2023 was A$2,083 Mil.

Fortescue's quarterly Accounts Payable declined from Dec. 2022 (A$2,064 Mil) to Jun. 2023 (A$1,466 Mil) but then increased from Jun. 2023 (A$1,466 Mil) to Dec. 2023 (A$2,083 Mil).

Fortescue's annual Accounts Payable increased from Jun. 2021 (A$1,318 Mil) to Jun. 2022 (A$1,355 Mil) and increased from Jun. 2022 (A$1,355 Mil) to Jun. 2023 (A$1,466 Mil).

Fortescue Accounts Payable Historical Data

The historical data trend for Fortescue's Accounts 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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Fortescue Accounts Payable Chart

Fortescue Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable

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453.60

407.17

1,318.46

1,354.70

1,466.16

Fortescue Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable	Get a 7-Day Free Trial															1,929.24	1,354.70	2,064.43	1,466.16	2,082.64

Fortescue Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Fortescue Accounts Payable Related Terms

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Fortescue (ASX:FMG) Business Description

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FSUMF:USA FSUGY:USA FVJ:Germany

Address

87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.fortescue.com

Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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