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Aspen Technology Inc (NAS:AZPN)
Accounts Payable
$37.6 Mil (As of Jun. 2014)

Aspen Technology Inc's quarterly accounts payable increased from Dec. 2013 ($22.5 Mil) to Mar. 2014 ($35.0 Mil) and increased from Mar. 2014 ($35.0 Mil) to Jun. 2014 ($37.6 Mil).

Aspen Technology Inc's annual accounts payable declined from Jun. 2012 ($41.2 Mil) to Jun. 2013 ($37.1 Mil) but then increased from Jun. 2013 ($37.1 Mil) to Jun. 2014 ($37.6 Mil).


Definition

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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Aspen Technology Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
Accts Payable 84.481.6101.682.254.957.167.241.237.137.6

Aspen Technology Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Accts Payable 52.841.228.722.831.737.127.922.535.037.6
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