SolarMax Technology (SolarMax Technology) Accounts Payable & Accrued Expense : $13.02 Mil (As of Mar. 2024)

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What is SolarMax Technology Accounts Payable & Accrued Expense?

SolarMax Technology's quarterly accounts payable & accrued expense increased from Sep. 2023 ($16.31 Mil) to Dec. 2023 ($17.09 Mil) but then declined from Dec. 2023 ($17.09 Mil) to Mar. 2024 ($13.02 Mil).

SolarMax Technology's annual accounts payable & accrued expense declined from Dec. 2021 ($19.00 Mil) to Dec. 2022 ($14.36 Mil) but then increased from Dec. 2022 ($14.36 Mil) to Dec. 2023 ($17.09 Mil).

SolarMax Technology Accounts Payable & Accrued Expense Historical Data

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

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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39.96

32.08

19.00

14.36

17.09

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															20.22	17.62	16.31	17.09	13.02

SolarMax Technology 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.

SolarMax Technology (SolarMax Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024