Oil Refineries (XTAE:ORL) Accounts Payable & Accrued Expense : ₪3,962 Mil (As of Mar. 2024)

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What is Oil Refineries Accounts Payable & Accrued Expense?

Oil Refineries's quarterly accounts payable & accrued expense increased from Sep. 2023 (₪3,541 Mil) to Dec. 2023 (₪3,793 Mil) and increased from Dec. 2023 (₪3,793 Mil) to Mar. 2024 (₪3,962 Mil).

Oil Refineries's annual accounts payable & accrued expense declined from Dec. 2021 (₪3,453 Mil) to Dec. 2022 (₪3,119 Mil) but then increased from Dec. 2022 (₪3,119 Mil) to Dec. 2023 (₪3,793 Mil).

Oil Refineries Accounts Payable & Accrued Expense Historical Data

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

Oil Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3,590.96

3,075.82

3,453.27

3,119.26

3,793.26

Oil Refineries 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															2,492.54	2,186.00	3,541.41	3,793.26	3,961.93

Oil Refineries 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 Refineries (XTAE:ORL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil Refineries Ltd (XTAE:ORL) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

OILRF:USA

Address

P.O. Box 4, Haifa, ISR, 310001

Website

https://www.bazan.co.il

Oil Refineries Ltd (ORL), also known as Bazan Group, engages in the production of fuel products. It also manufactures raw materials for the petrochemical industry and materials for the plastic industry, including oils, wax, and accompanying products. The company also provides power and water (mainly electricity and steam) services to a number of industries located near the refinery in Israel. The variety of products refined by ORL is used in industrial operations, transportation, private consumption, agriculture, and infrastructures. ORL plays a key role in Israel's refinery complex, with a major portion of refined products going to local consumption. Although the majority of operations are consumed by refining, ORL is also active in polymer and aromatic production through subsidiaries.

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