Magic Software Enterprises (Magic Software Enterprises) Current Accrued Expense : $41.5 Mil (As of Dec. 2023)

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What is Magic Software Enterprises Current Accrued Expense?

Magic Software Enterprises's Current Accrued Expense for the quarter that ended in Dec. 2023 was $41.5 Mil.

Magic Software Enterprises's quarterly Current Accrued Expense declined from Jun. 2023 ($44.4 Mil) to Sep. 2023 ($40.2 Mil) but then increased from Sep. 2023 ($40.2 Mil) to Dec. 2023 ($41.5 Mil).

Magic Software Enterprises's annual Current Accrued Expense increased from Dec. 2021 ($45.1 Mil) to Dec. 2022 ($46.8 Mil) but then declined from Dec. 2022 ($46.8 Mil) to Dec. 2023 ($41.5 Mil).

Magic Software Enterprises Current Accrued Expense Historical Data

The historical data trend for Magic Software Enterprises's Current 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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Magic Software Enterprises Current Accrued Expense Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Current Accrued Expense

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32.62

41.85

45.09

46.84

41.49

Magic Software Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Current Accrued Expense	Get a 7-Day Free Trial															46.84	40.76	44.41	40.15	41.49

Magic Software Enterprises Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

Magic Software Enterprises Current Accrued Expense Related Terms

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Magic Software Enterprises (Magic Software Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » Current Accrued Expense

Comparable Companies

Traded in Other Exchanges

MGIC:Israel MGK:Germany MGK:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, ISR, 6037501

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.