Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Accounts Payable & Accrued Expense : د.إ56.7 Mil (As of Dec. 2023)

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What is Ras Al Khaimah Co for White Cementnstruction Materials Accounts Payable & Accrued Expense?

Ras Al Khaimah Co for White Cementnstruction Materials's quarterly accounts payable & accrued expense declined from Jun. 2023 (د.إ77.7 Mil) to Sep. 2023 (د.إ53.9 Mil) but then increased from Sep. 2023 (د.إ53.9 Mil) to Dec. 2023 (د.إ56.7 Mil).

Ras Al Khaimah Co for White Cementnstruction Materials's annual accounts payable & accrued expense increased from Dec. 2021 (د.إ64.4 Mil) to Dec. 2022 (د.إ69.4 Mil) but then declined from Dec. 2022 (د.إ69.4 Mil) to Dec. 2023 (د.إ56.7 Mil).

Ras Al Khaimah Co for White Cementnstruction Materials Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ras Al Khaimah Co for White Cementnstruction Materials'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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Ras Al Khaimah Co for White Cementnstruction Materials Accounts Payable & Accrued Expense Chart

Ras Al Khaimah Co for White Cementnstruction Materials Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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40.10

32.76

64.42

69.43

56.65

Ras Al Khaimah Co for White Cementnstruction Materials 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															69.43	63.58	77.66	53.93	56.65

Ras Al Khaimah Co for White Cementnstruction Materials 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.

Ras Al Khaimah Co for White Cementnstruction Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ras Al Khaimah Co for White Cement & Construction Materials (ADX:RAKWCT) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

N/A

Address

P.O. Box 1492, Ras Al Khaimah, ARE

Website

https://www.rakwhitecement.ae

Ras Al Khaimah Co for White Cement & Construction Materials is engaged in the production of cement, building materials, and lime. The principal activities of the company are to manufacture and supply white cement, lime, and cement products. The company operates through two business segments which include Manufacturing and Investments. The manufacturing segment which generates the majority of the company's revenue. represents the manufacture and distribution of cement products, concrete blocks, and interlock tiles. The investment segment consists of investments in marketable equity securities and deposits with banks. Geographically, the company derives its key revenue from India and the rest from Jordan, Yemen, United Arab Emirates, and other countries.

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