Velan (FRA:946) Accounts Payable & Accrued Expense : €83.2 Mil (As of Feb. 2024)

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What is Velan Accounts Payable & Accrued Expense?

Velan's quarterly accounts payable & accrued expense increased from Aug. 2023 (€70.1 Mil) to Nov. 2023 (€70.7 Mil) and increased from Nov. 2023 (€70.7 Mil) to Feb. 2024 (€83.2 Mil).

Velan's annual accounts payable & accrued expense increased from Feb. 2022 (€74.3 Mil) to Feb. 2023 (€76.8 Mil) and increased from Feb. 2023 (€76.8 Mil) to Feb. 2024 (€83.2 Mil).

Velan Accounts Payable & Accrued Expense Historical Data

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

Velan Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Accounts Payable & Accrued Expense

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68.56

74.21

74.28

76.81

83.24

Velan Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															76.81	75.01	70.14	70.67	83.24

Velan 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.

Velan (FRA:946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (FRA:946) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

VLNSF:USA VLN:Canada

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.

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