Schmitt Industries (STU:SI1A) Accounts Payable & Accrued Expense : €3.36 Mil (As of May. 2022)

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What is Schmitt Industries Accounts Payable & Accrued Expense?

Schmitt Industries's quarterly accounts payable & accrued expense declined from Nov. 2021 (€1.87 Mil) to Feb. 2022 (€1.65 Mil) but then increased from Feb. 2022 (€1.65 Mil) to May. 2022 (€3.36 Mil).

Schmitt Industries's annual accounts payable & accrued expense increased from May. 2020 (€1.19 Mil) to May. 2021 (€1.91 Mil) and increased from May. 2021 (€1.91 Mil) to May. 2022 (€3.36 Mil).

Schmitt Industries Accounts Payable & Accrued Expense Historical Data

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

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Accounts Payable & Accrued Expense

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1.29

0.37

1.19

1.91

3.36

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1.91	2.24	1.87	1.65	3.36

Schmitt Industries 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.

Schmitt Industries (STU:SI1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (STU:SI1A) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

2765 North West Nicolai Street, Portland, OR, USA, 97210

Website

https://www.schmittindustries.com

Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. Xact product line includes satellite-focused remote tank monitoring products and related monitoring services for markets in the IoT environment. The Company also manufactures, wholesales, and retails ice cream and related products.

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