Magna Electro Castings (BOM:517449) Accounts Payable & Accrued Expense : ₹158 Mil (As of Sep. 2024)

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What is Magna Electro Castings Accounts Payable & Accrued Expense?

Magna Electro Castings's quarterly accounts payable & accrued expense declined from Mar. 2024 (₹137 Mil) to Jun. 2024 (₹0 Mil) but then increased from Jun. 2024 (₹0 Mil) to Sep. 2024 (₹158 Mil).

Magna Electro Castings's annual accounts payable & accrued expense increased from Mar. 2022 (₹188 Mil) to Mar. 2023 (₹192 Mil) but then declined from Mar. 2023 (₹192 Mil) to Mar. 2024 (₹137 Mil).

Magna Electro Castings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Magna Electro Castings'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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Magna Electro Castings Accounts Payable & Accrued Expense Chart

Magna Electro Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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116.58

154.61

188.38

192.43

136.79

Magna Electro Castings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															202.26	-	136.79	-	157.59

Magna Electro Castings 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.

Magna Electro Castings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Magna Electro Castings Ltd (BOM:517449) » Definitions » Accounts Payable & Accrued Expense

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Address

43, Balasundaram Road, Coimbatore, TN, IND, 641018

Website

https://www.magnacast.com

Magna Electro Castings Ltd is engaged in manufacturing and supplying ferrous components in small and medium volumes. The company specializes in the manufacture of Ductile Iron and Gray Iron castings including Grey Iron, SG (spheroidal graphite) iron, and other iron alloy castings-machined and unmachined steel components. The company also produces fully machined components. The company has the following divisions; the Foundry division; the Wind Energy Generation division; and the Solar Energy division. The company earns the majority of its revenue from the Foundry division.

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