Sumitomo Realty & Development Co (FRA:RL2) Accounts Payable & Accrued Expense : €349 Mil (As of Dec. 2023)

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What is Sumitomo Realty & Development Co Accounts Payable & Accrued Expense?

Sumitomo Realty & Development Co's quarterly accounts payable & accrued expense increased from Jun. 2023 (€334 Mil) to Sep. 2023 (€418 Mil) but then declined from Sep. 2023 (€418 Mil) to Dec. 2023 (€349 Mil).

Sumitomo Realty & Development Co's annual accounts payable & accrued expense declined from Mar. 2022 (€631 Mil) to Mar. 2023 (€419 Mil) but then increased from Mar. 2023 (€419 Mil) to Mar. 2024 (€491 Mil).

Sumitomo Realty & Development Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Sumitomo Realty & Development Co'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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Sumitomo Realty & Development Co Accounts Payable & Accrued Expense Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar15

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Mar17

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Mar19

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Mar21

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Mar24

Accounts Payable & Accrued Expense

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577.75

505.68

631.36

418.51

490.92

Sumitomo Realty & Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															418.51	333.80	417.56	349.46	490.92

Sumitomo Realty & Development Co 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.

Sumitomo Realty & Development Co (FRA:RL2) Business Description

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SURDF:USA 8830:Japan

Address

Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820

Website

http://www.sumitomo-rd.co.jp

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

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