Stovec Industries (BOM:504959) Accounts Payable & Accrued Expense : ₹295 Mil (As of Dec. 2023)

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What is Stovec Industries Accounts Payable & Accrued Expense?

Stovec Industries's quarterly accounts payable & accrued expense declined from Jun. 2023 (₹149 Mil) to Sep. 2023 (₹0 Mil) but then increased from Sep. 2023 (₹0 Mil) to Dec. 2023 (₹295 Mil).

Stovec Industries's annual accounts payable & accrued expense increased from Dec. 2021 (₹191 Mil) to Dec. 2022 (₹252 Mil) and increased from Dec. 2022 (₹252 Mil) to Dec. 2023 (₹295 Mil).

Stovec Industries Accounts Payable & Accrued Expense Historical Data

The historical data trend for Stovec Industries'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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Stovec Industries Accounts Payable & Accrued Expense Chart

Stovec Industries Annual Data

Trend

Dec14

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Dec20

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Dec23

Accounts Payable & Accrued Expense

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298.81

216.32

191.22

251.79

295.37

Stovec Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															251.79	-	148.58	-	295.37

Stovec Industries 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.

Stovec Industries (BOM:504959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stovec Industries Ltd (BOM:504959) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, GJ, IND, 382 405

Website

https://www.spgprints.com

Stovec Industries Ltd is engaged in the production of Rotary Screens and Printing Machines and manufacturer of precision metal components. The firm operates in three verticals namely Textile Consumables and Textile Machinery, Graphics Product, and Galvanic. The textile consumables segment comprises perforated rotary screens, lacquer and auxiliary chemicals, rotary screen-printing machines, engraving equipment, components and spares, and digital ink. Graphics Products include anilox rollers, rotamesh screens, and rotaplate. The Galvanic segment consists of Galvano consumables. The Textile consumables segment is the most prominent segment for the firm contributing the majority of the total revenue primarily from India.

Stovec Industries (BOM:504959) Headlines

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