FORMETAL Co (XKRX:119500) Accounts Payable & Accrued Expense : ₩8,122 Mil (As of Mar. 2024)

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What is FORMETAL Co Accounts Payable & Accrued Expense?

FORMETAL Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (₩7,830 Mil) to Dec. 2023 (₩7,551 Mil) but then increased from Dec. 2023 (₩7,551 Mil) to Mar. 2024 (₩8,122 Mil).

FORMETAL Co's annual accounts payable & accrued expense increased from Dec. 2021 (₩6,630 Mil) to Dec. 2022 (₩8,513 Mil) but then declined from Dec. 2022 (₩8,513 Mil) to Dec. 2023 (₩7,551 Mil).

FORMETAL Co Accounts Payable & Accrued Expense Historical Data

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

FORMETAL Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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7,090.76

6,458.23

6,629.89

8,512.57

7,550.73

FORMETAL Co 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															10,330.61	10,122.19	7,829.70	7,550.73	8,122.12

FORMETAL Co 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.

FORMETAL Co (XKRX:119500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FORMETAL Co Ltd (XKRX:119500) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1741, Mujang-ri, Jigok-myeon, Chungcheongnam-do, Seosan, KOR

Website

http://www.formetal.co.kr

FORMETAL Co Ltd is a Korea based manufacturer of various types of forgings and supplies components of precision instruments. The products offered by the company are RV gear, hold flange, shaft, sprocket, oil cap, ice cleat, center bearing, fork shift, yoke, spindle, pole, crank shaft and cam shaft, among others. The products are used in automobile, defense industry, wind power generation, heavy equipment, agricultural machine, and in other industries.

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