Saudi Basic Industries (SAU:2010) Accounts Payable & Accrued Expense : ﷼29,639 Mil (As of Dec. 2023)

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What is Saudi Basic Industries Accounts Payable & Accrued Expense?

Saudi Basic Industries's quarterly accounts payable & accrued expense declined from Jun. 2023 (﷼39,265 Mil) to Sep. 2023 (﷼38,508 Mil) and declined from Sep. 2023 (﷼38,508 Mil) to Dec. 2023 (﷼29,639 Mil).

Saudi Basic Industries's annual accounts payable & accrued expense declined from Dec. 2021 (﷼32,627 Mil) to Dec. 2022 (﷼28,549 Mil) but then increased from Dec. 2022 (﷼28,549 Mil) to Dec. 2023 (﷼29,639 Mil).

Saudi Basic Industries Accounts Payable & Accrued Expense Historical Data

The historical data trend for Saudi Basic 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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Saudi Basic Industries Accounts Payable & Accrued Expense Chart

Saudi Basic Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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20,679.57

23,010.76

32,627.21

28,549.43

29,638.83

Saudi Basic Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															28,549.43	39,624.09	39,264.51	38,507.71	29,638.83

Saudi Basic 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.

Saudi Basic Industries (SAU:2010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Basic Industries Corp (SAU:2010) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qurtubah District, P.O. Box 5101, Riyadh, SAU, 11422

Website

http://www.sabic.com

Saudi Basic Industries Corp is a chemical manufacturer in Saudi Arabia. The primary business segments of the company are Petrochemicals and Specialties, Agri-nutrients, and Hadeed. In Petrochemicals and Specialties segment products are produced from hydrocarbon feedstock including methane, ethane, and propane, it also includes the production of a range of fertilisers; including urea, ammonia, phosphate, as well as compound fertilisers. The Hadeed is concerned with production of steel products, long products and flat products. The company derives maximum revenue from Petrochemicals and Specialties segment. Geographically, it generates maximum revenue from Europe.

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