Formula Systems (1985) (Formula Systems (1985)) Current Accrued Expense : $0 Mil (As of Sep. 2023)

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What is Formula Systems (1985) Current Accrued Expense?

Formula Systems (1985)'s Current Accrued Expense for the quarter that ended in Sep. 2023 was $0 Mil.

Formula Systems (1985)'s annual Current Accrued Expense increased from Dec. 2020 ($33 Mil) to Dec. 2021 ($41 Mil) and increased from Dec. 2021 ($41 Mil) to Dec. 2022 ($42 Mil).

Formula Systems (1985) Current Accrued Expense Historical Data

The historical data trend for Formula Systems (1985)'s Current 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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Formula Systems (1985) Current Accrued Expense Chart

Formula Systems (1985) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

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Dec23

Current Accrued Expense

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27.40

33.33

40.93

42.39

Formula Systems (1985) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Current Accrued Expense	Get a 7-Day Free Trial															42.39	-	-	-	-

Formula Systems (1985) Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

Formula Systems (1985) Current Accrued Expense Related Terms

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Formula Systems (1985) (Formula Systems (1985)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Formula Systems (1985) Ltd (NAS:FORTY) » Definitions » Current Accrued Expense

Comparable Companies

Traded in Other Exchanges

FORTY:Israel FSY:Germany FSY:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Tel Aviv, ISR, 6037501

Website

https://www.formulasystems.com

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into three primary segments based on the subsidiary. The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, IT technology, and marketing and sales. Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.