NINtec Systems (BOM:539843) Accounts Payable & Accrued Expense : ₹39.7 Mil (As of Sep. 2023)

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What is NINtec Systems Accounts Payable & Accrued Expense?

NINtec Systems's quarterly accounts payable & accrued expense increased from Sep. 2022 (₹8.9 Mil) to Mar. 2023 (₹53.5 Mil) but then declined from Mar. 2023 (₹53.5 Mil) to Sep. 2023 (₹39.7 Mil).

NINtec Systems's annual accounts payable & accrued expense increased from Mar. 2022 (₹26.5 Mil) to Mar. 2023 (₹53.5 Mil) and increased from Mar. 2023 (₹53.5 Mil) to Mar. 2024 (₹182.8 Mil).

NINtec Systems Accounts Payable & Accrued Expense Historical Data

The historical data trend for NINtec Systems'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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NINtec Systems Accounts Payable & Accrued Expense Chart

NINtec Systems Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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8.71

11.42

26.53

53.54

182.77

NINtec Systems Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													26.53	8.86	53.54	39.71	182.77

NINtec Systems 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.

NINtec Systems (BOM:539843) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NINtec Systems Ltd (BOM:539843) » Definitions » Accounts Payable & Accrued Expense

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NINSYS:India

Address

S.G. Highway, B-11, Corporate House, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.nintecsystems.com

NINtec Systems Ltd is an offshore software development services and solutions company. The firm is involved in computer programming, consultancy, and related activities. The company provides services like Application Development and Maintenance, Strategic Offshore Software Product Development, Legacy System Development and Software Migration, and Search Engine Optimization. The firm specializes in areas of Dot Net Development, Game Development, PHP Development, ERP Wireless, Mobile and WAP Development. The group has also integrated cloud services into its existing business platform. The company serves industries such as Automotive, Print media and Publishing, Banking, Financial Services, and Insurance, and Transportation and Logistics sector.

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