MIND C.T.I. (MIND C.T.I.) Accounts Payable & Accrued Expense : $2.60 Mil (As of Dec. 2023)

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What is MIND C.T.I. Accounts Payable & Accrued Expense?

MIND C.T.I.'s quarterly accounts payable & accrued expense declined from Jun. 2023 ($1.06 Mil) to Sep. 2023 ($0.78 Mil) but then increased from Sep. 2023 ($0.78 Mil) to Dec. 2023 ($2.60 Mil).

MIND C.T.I.'s annual accounts payable & accrued expense declined from Dec. 2021 ($3.10 Mil) to Dec. 2022 ($2.64 Mil) and declined from Dec. 2022 ($2.64 Mil) to Dec. 2023 ($2.60 Mil).

MIND C.T.I. Accounts Payable & Accrued Expense Historical Data

The historical data trend for MIND C.T.I.'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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MIND C.T.I. Accounts Payable & Accrued Expense Chart

MIND C.T.I. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3.88

3.19

3.10

2.64

2.60

MIND C.T.I. Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2.64	1.02	1.06	0.78	2.60

MIND C.T.I. 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.

MIND C.T.I. (MIND C.T.I.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MIND C.T.I. Ltd (NAS:MNDO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 HaCarmel Street, Yoqneam, ISR, 2066724

Website

https://www.mindcti.com

MIND C.T.I. Ltd develops, manufactures, markets and implements real-time and off-line convergent billing and customer care software solutions. The company derives revenue from sale of software products and services in two operating segments namelyBilling and Related Services and Messaging. The Company has three product lines: Product line A- billing and customer care solutions for service providers; Product line B - call accounting and call management solutions for enterprises; and Product line C - mobile messaging, communication, and payment solutions.