Petro Welt Technologies AG (STU:O2C) Accounts Payable & Accrued Expense

: €2.51 Mil (As of Jun. 2023)

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Petro Welt Technologies AG's quarterly accounts payable & accrued expense declined from Dec. 2022 (€3.73 Mil) to Mar. 2023 (€0.87 Mil) but then increased from Mar. 2023 (€0.87 Mil) to Jun. 2023 (€2.51 Mil).

Petro Welt Technologies AG's annual accounts payable & accrued expense increased from Dec. 2020 (€37.86 Mil) to Dec. 2021 (€46.07 Mil) but then declined from Dec. 2021 (€46.07 Mil) to Dec. 2022 (€3.73 Mil).

Petro Welt Technologies AG Accounts Payable & Accrued Expense Historical Data

The historical data trend for Petro Welt Technologies AG'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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Petro Welt Technologies AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

41.49

53.70

37.86

46.07

3.73

Petro Welt Technologies AG Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Accounts Payable & Accrued Expense																37.58	42.60	3.73	0.87	2.51

Petro Welt Technologies AG 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.

Petro Welt Technologies AG (STU:O2C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Welt Technologies AG (STU:O2C) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karntner Ring 11-13, Vienna, AUT, 1010

Website

https://www.pewete.com

Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

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