Fortinet (FRA:FO8) Accounts Payable & Accrued Expense : €817 Mil (As of Mar. 2024)

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What is Fortinet Accounts Payable & Accrued Expense?

Fortinet's quarterly accounts payable & accrued expense declined from Sep. 2023 (€939 Mil) to Dec. 2023 (€798 Mil) but then increased from Dec. 2023 (€798 Mil) to Mar. 2024 (€817 Mil).

Fortinet's annual accounts payable & accrued expense increased from Dec. 2021 (€479 Mil) to Dec. 2022 (€688 Mil) and increased from Dec. 2022 (€688 Mil) to Dec. 2023 (€798 Mil).

Fortinet Accounts Payable & Accrued Expense Historical Data

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

Fortinet Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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270.00

358.97

478.52

688.27

798.07

Fortinet Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															745.80	842.61	938.59	798.07	817.33

Fortinet 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.

Fortinet (FRA:FO8) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortinet Inc (FRA:FO8) » Definitions » Accounts Payable & Accrued Expense

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Address

899 Kifer Road, Sunnyvale, CA, USA, 94086

Website

https://www.fortinet.com

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.

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