Oil India (NSE:OIL) Accounts Payable & Accrued Expense : ₹21,606 Mil (As of Mar. 2024)

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What is Oil India Accounts Payable & Accrued Expense?

Oil India's quarterly accounts payable & accrued expense declined from Sep. 2023 (₹20,438 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹21,606 Mil).

Oil India's annual accounts payable & accrued expense increased from Mar. 2022 (₹38,811 Mil) to Mar. 2023 (₹55,491 Mil) but then declined from Mar. 2023 (₹55,491 Mil) to Mar. 2024 (₹21,606 Mil).

Oil India Accounts Payable & Accrued Expense Historical Data

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

Oil India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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24,400.40

28,818.70

38,811.10

55,490.50

21,605.50

Oil India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															55,490.50	-	20,437.90	-	21,605.50

Oil India 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.

Oil India (NSE:OIL) Business Description

Industry

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Traded in Other Exchanges

533106:India

Address

Plot No. 19, Sector - 16A, Near Film City, Noida, UP, IND, 201301

Website

https://www.oil-india.com

Oil India Ltd. engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas. It also transports and refines crude oil, and provides various exploration and production services. Crude oil sales are the revenue generator for the firm. Oil India counts on a variety of different systems and processes to acquire reservoir information and to interpret geo-scientific data. The company has experience in managing the entire range of operations required for onshore oil and gas production. It has built expertise in wellbore servicing, installation, operation, and maintenance of modern surface handling facilities.