Argan (AGX) Accounts Payable & Accrued Expense : $97.3 Mil (As of Jan. 2024)

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What is Argan Accounts Payable & Accrued Expense?

Argan's quarterly accounts payable & accrued expense increased from Jul. 2023 ($84.5 Mil) to Oct. 2023 ($98.4 Mil) but then declined from Oct. 2023 ($98.4 Mil) to Jan. 2024 ($97.3 Mil).

Argan's annual accounts payable & accrued expense increased from Jan. 2022 ($75.2 Mil) to Jan. 2023 ($86.4 Mil) and increased from Jan. 2023 ($86.4 Mil) to Jan. 2024 ($97.3 Mil).

Argan Accounts Payable & Accrued Expense Historical Data

The historical data trend for Argan's Accounts Payable & Accrued Expense 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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Argan Accounts Payable & Accrued Expense Chart

Argan Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Accounts Payable & Accrued Expense

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71.35

104.05

75.16

86.39

97.27

Argan Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															86.39	68.22	84.53	98.36	97.27

Argan Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Argan (AGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Argan Inc (NYSE:AGX) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

1AW:Germany

Address

One Church Street, Suite 201, Rockville, MD, USA, 20850

Website

https://www.arganinc.com

Argan Inc is a United States-based company that primarily operates in the power industry services segment through its wholly-owned subsidiaries. Gemma Power Systems and affiliates, one of Argan's subsidiaries, contributed almost all Argan's sales. GPS is a contractor that provides a full range of engineering, procurement, and construction services for power-generating projects. GPS' works encompass complete plant design, construction, electrical interconnection, plant testing, and commissioning. Argan also generates a small portion of sales from industrial fabrication and field services, as well as telecommunication infrastructure services. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derive majority revenue.

Executives

Cynthia Flanders	director, officer: SVP & CFO	10006 WILDWOOD ROAD, KENSINGTON MD 20895
Jeffrey John Ronald Jr.	director	55 GRANDVIEW CIRCLE, MANHASSET NY 11030
Griffin William F Jr	director, officer: VC/CEO of Gemma Power Systems	C/O GEMMA POWER SYSTEMS, LLC, 769 HEBRON AVENUE, GLASTONBURY CT 06033
Mitchell W G Champion	director	NETWORK SOLUTIONS, INC., 3009 RIVER LANE, NEW BERN NC 28562
David Hibbert Watson	officer: SVP and CFO	C/O ARGAN, INC., ONE CHURCH STREET, SUITE 201, ROCKVILLE MD 20850
Richard H Deily	officer: Vice President	C/O ARGAN, INC., ONE CHURCH STREET, SUITE 201, ROCKVILLE MD 20850
Peter W Getsinger	director	35 SNOW?S POINT, EDGARTOWN MA 02539
James W Quinn	director	PUROFLOW INCORPORATED, ONE CHURCH STREET SUITE 302, ROCKVILLE MD 20850
Trebilcock Terrance Colin	officer: Co-President, Gemma Power Sys.	64 SADDLE RIDGE ROAD, GLASTONBURY CT 06033
Collins Charles Edwin Iv	officer: Co-President, Gemma Power Sys.	68 HICKORY DRIVE, SOUTH GLASTONBURY CT 06073
Mano S Koilpillai	director	7380 IRA SEARS ROAD, ADAMSTOWN MD 21710
James E Quinn	director	C/O TIFFANY & CO LEGAL DEPT, 727 FIFTH AVE, NEW YORK NY 10022
Henry A Crumpton	director	2101 WILSON BLVD., SUITE 500, ARLINGTON VA 20005
William F. Leimkuhler	director	43 SALEM STRAITS RD, DARIEN CT 06820
Rainer H Bosselmann	director, officer: Chairman of the Board and CEO	PUROFLOW INCORPORATED, ONE CHURCH STREET SUITE 302, ROCKVILLE MD 20850