RIT Technologies (RIT Technologies) Accounts Payable & Accrued Expense : $3.63 Mil (As of Sep. 2015)

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What is RIT Technologies Accounts Payable & Accrued Expense?

RIT Technologies's quarterly accounts payable & accrued expense declined from Mar. 2015 ($2.87 Mil) to Jun. 2015 ($2.35 Mil) but then increased from Jun. 2015 ($2.35 Mil) to Sep. 2015 ($3.63 Mil).

RIT Technologies's annual accounts payable & accrued expense increased from Dec. 2012 ($1.72 Mil) to Dec. 2013 ($2.74 Mil) but then declined from Dec. 2013 ($2.74 Mil) to Dec. 2014 ($1.59 Mil).

RIT Technologies Accounts Payable & Accrued Expense Historical Data

The historical data trend for RIT Technologies'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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RIT Technologies Accounts Payable & Accrued Expense Chart

RIT Technologies Annual Data

Trend

Dec05

Dec06

Dec07

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Dec09

Dec10

Dec11

Dec12

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Dec14

Accounts Payable & Accrued Expense

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3.60

2.95

1.72

2.74

1.59

RIT Technologies Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2.37	1.59	2.87	2.35	3.63

RIT Technologies 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.

RIT Technologies (RIT Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » RIT Technologies Ltd (OTCPK:RITT) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

24 Raoul Wallenberg Street, Tel Aviv, ISR, 69719

Website

http://www.rittech.com

RIT Technologies Ltd provides Intelligent Infrastructure Management solutions and develops indoor optical wireless technology solutions. The company's products include PatchView that provides security and network utilization for data centers, communication rooms and work space environments; and Beamcaster that provides IWON technology solutions mainly for open-space offices. Its Intelligent Infrastructure Management solutions are deployed in various organizations including data centers in the private sector, government agencies, financial institutions, airport authorities, healthcare and education institutions.

Executives

Marxe Austin W & Greenhouse David M

10 percent owner

C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022

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