Friedman Industries (FRA:X36) Accounts Payable & Accrued Expense : €42.7 Mil (As of Mar. 2024)

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What is Friedman Industries Accounts Payable & Accrued Expense?

Friedman Industries's quarterly accounts payable & accrued expense increased from Sep. 2023 (€29.5 Mil) to Dec. 2023 (€46.0 Mil) but then declined from Dec. 2023 (€46.0 Mil) to Mar. 2024 (€42.7 Mil).

Friedman Industries's annual accounts payable & accrued expense declined from Mar. 2022 (€40.8 Mil) to Mar. 2023 (€35.3 Mil) but then increased from Mar. 2023 (€35.3 Mil) to Mar. 2024 (€42.7 Mil).

Friedman Industries Accounts Payable & Accrued Expense Historical Data

The historical data trend for Friedman Industries'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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Friedman Industries Accounts Payable & Accrued Expense Chart

Friedman Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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8.22

14.09

40.81

35.28

42.67

Friedman Industries 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															35.28	35.97	29.48	46.02	42.67

Friedman Industries 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.

Friedman Industries (FRA:X36) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (FRA:X36) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

FRD:USA X36:Germany

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

Friedman Industries (FRA:X36) Headlines

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