Gulf General Investments Co PSC (DFM:GGICO) Accounts Payable & Accrued Expense : د.إ1,345.6 Mil (As of Mar. 2023)

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What is Gulf General Investments Co PSC Accounts Payable & Accrued Expense?

Gulf General Investments Co PSC's quarterly accounts payable & accrued expense declined from Sep. 2022 (د.إ1,551.0 Mil) to Dec. 2022 (د.إ1,073.0 Mil) but then increased from Dec. 2022 (د.إ1,073.0 Mil) to Mar. 2023 (د.إ1,345.6 Mil).

Gulf General Investments Co PSC's annual accounts payable & accrued expense declined from Dec. 2020 (د.إ1,154.1 Mil) to Dec. 2021 (د.إ1,119.1 Mil) and declined from Dec. 2021 (د.إ1,119.1 Mil) to Dec. 2022 (د.إ1,073.0 Mil).

Gulf General Investments Co PSC Accounts Payable & Accrued Expense Historical Data

The historical data trend for Gulf General Investments Co PSC'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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Gulf General Investments Co PSC Accounts Payable & Accrued Expense Chart

Gulf General Investments Co PSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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1,209.58

1,190.66

1,154.11

1,119.06

1,073.02

Gulf General Investments Co PSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,578.08	1,547.97	1,550.98	1,073.02	1,345.65

Gulf General Investments Co PSC 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.

Gulf General Investments Co PSC (DFM:GGICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Gulf General Investments Co PSC (DFM:GGICO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

Airport Road, Al Fattan Plaza Building, 4th Floor, P.O. Box 22588, Dubai, ARE

Website

https://www.ggicouae.com

Gulf General Investments Co PSC is a UAE company engaged in the real estate agency, manufacturing, retail trading, real estate development, insurance writing, hospitality, and other services. Its business is functioned through Manufacturing, Investments, Insurance Services and Others segments. The manufacturing segment includes manufacture and sale of oil, grease, prefabricated houses, concrete, restaurant, ovens, kitchens, and central air conditioning systems; the investment segment focuses on real estate properties and equity securities and whereas Insurance Services and others, which is the key revenue driver, include the writing of insurance and various other services including hospitality. Geographically, the business presence of the firm is seen in the UAE and internationally.

Gulf General Investments Co PSC (DFM:GGICO) Headlines

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