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FORTY (Formula Systems (1985)) Accounts Payable & Accrued Expense : $519 Mil (As of Sep. 2024)


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What is Formula Systems (1985) Accounts Payable & Accrued Expense?

Formula Systems (1985)'s quarterly accounts payable & accrued expense declined from Mar. 2024 ($530 Mil) to Jun. 2024 ($474 Mil) but then increased from Jun. 2024 ($474 Mil) to Sep. 2024 ($519 Mil).

Formula Systems (1985)'s annual accounts payable & accrued expense increased from Dec. 2021 ($494 Mil) to Dec. 2022 ($510 Mil) and increased from Dec. 2022 ($510 Mil) to Dec. 2023 ($541 Mil).

Formula Systems (1985) Accounts Payable & Accrued Expense Historical Data

The historical data trend for Formula Systems (1985)'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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Formula Systems (1985) Accounts Payable & Accrued Expense Chart

Formula Systems (1985) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 337.45 412.55 493.80 510.05 541.16

Formula Systems (1985) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 449.40 541.16 530.19 473.65 519.20

Formula Systems (1985) 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.

Formula Systems (1985) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Formula Systems (1985) Ltd (NAS:FORTY) » Definitions » Accounts Payable & Accrued Expense
Comparable Companies
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Traded in Other Exchanges
FORTY:Israel FSY:Germany
Address
Yahadut Canada 1 Street, Or Yehuda, Tel Aviv, ISR, 6037501
Website
https://www.formulasystems.com
Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources; Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.