The Descartes Systems Group (The Descartes Systems Group) Accounts Payable & Accrued Expense : $73.0 Mil (As of Jan. 2024)

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What is The Descartes Systems Group Accounts Payable & Accrued Expense?

The Descartes Systems Group's quarterly accounts payable & accrued expense increased from Jul. 2023 ($79.0 Mil) to Oct. 2023 ($88.4 Mil) but then declined from Oct. 2023 ($88.4 Mil) to Jan. 2024 ($73.0 Mil).

The Descartes Systems Group's annual accounts payable & accrued expense increased from Jan. 2022 ($40.5 Mil) to Jan. 2023 ($62.9 Mil) and increased from Jan. 2023 ($62.9 Mil) to Jan. 2024 ($73.0 Mil).

The Descartes Systems Group Accounts Payable & Accrued Expense Historical Data

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

The Descartes Systems Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Accounts Payable & Accrued Expense

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23.26

25.57

40.46

62.88

72.97

The Descartes Systems Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															62.88	86.79	79.04	88.43	72.97

The Descartes Systems Group 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.

The Descartes Systems Group (The Descartes Systems Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Descartes Systems Group Inc (NAS:DSGX) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

DC2:Germany DC2:Germany DSG:Canada

Address

120 Randall Drive, Waterloo, ON, CAN, N2V 1C6

Website

https://www.descartes.com

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.