Richardson Electronics (FRA:RE3) Accounts Payable & Accrued Expense : €24.9 Mil (As of Feb. 2024)

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What is Richardson Electronics Accounts Payable & Accrued Expense?

Richardson Electronics's quarterly accounts payable & accrued expense increased from Aug. 2023 (€26.7 Mil) to Nov. 2023 (€29.6 Mil) but then declined from Nov. 2023 (€29.6 Mil) to Feb. 2024 (€24.9 Mil).

Richardson Electronics's annual accounts payable & accrued expense increased from May. 2021 (€22.4 Mil) to May. 2022 (€32.6 Mil) but then declined from May. 2022 (€32.6 Mil) to May. 2023 (€29.2 Mil).

Richardson Electronics Accounts Payable & Accrued Expense Historical Data

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

Richardson Electronics Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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22.74

23.27

22.36

32.59

29.25

Richardson Electronics Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															34.86	29.25	26.69	29.64	24.87

Richardson Electronics 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.

Richardson Electronics (FRA:RE3) Business Description

Industry

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RELL:USA

Address

40W267 Keslinger Road, P.O. Box 393, LaFox, IL, USA, 60147-0393

Website

https://www.rell.com

Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.

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