Superior Drilling Products (Superior Drilling Products) Accounts Payable & Accrued Expense : $3.73 Mil (As of Mar. 2024)

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What is Superior Drilling Products Accounts Payable & Accrued Expense?

Superior Drilling Products's quarterly accounts payable & accrued expense declined from Sep. 2023 ($4.41 Mil) to Dec. 2023 ($3.04 Mil) but then increased from Dec. 2023 ($3.04 Mil) to Mar. 2024 ($3.73 Mil).

Superior Drilling Products's annual accounts payable & accrued expense increased from Dec. 2021 ($1.81 Mil) to Dec. 2022 ($2.29 Mil) and increased from Dec. 2022 ($2.29 Mil) to Dec. 2023 ($3.04 Mil).

Superior Drilling Products Accounts Payable & Accrued Expense Historical Data

The historical data trend for Superior Drilling Products'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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Superior Drilling Products Accounts Payable & Accrued Expense Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1.65

1.63

1.81

2.29

3.04

Superior Drilling Products 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															2.87	3.92	4.41	3.04	3.73

Superior Drilling Products 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.

Superior Drilling Products (Superior Drilling Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (AMEX:SDPI) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SDW:Germany

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

Executives

Star Equity Fund, Lp	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc.	10 percent owner	53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Christopher Cashion	officer: Chief Financial Officer	1583 S. 1700 E., VERNAL UT 84078
Robert Iverson	director	4928 FM 1374 ROAD, HUNTSVILLE TX 77340
Annette Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
G. Troy Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
Lone Star Value Management Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
James R Lines	director	11 HILLSIDE PARKWY, LANCSTER NY 14068
Jeffrey E. Eberwein	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Lone Star Value Co-invest I, Lp	other: See Footnote 1	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Gp Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Lp	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870