Gulf Petroleum Investment Co KSCC (KUW:GPI) Accounts Payable & Accrued Expense : KWD1.11 Mil (As of Mar. 2024)

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What is Gulf Petroleum Investment Co KSCC Accounts Payable & Accrued Expense?

Gulf Petroleum Investment Co KSCC's quarterly accounts payable & accrued expense declined from Sep. 2023 (KWD2.09 Mil) to Dec. 2023 (KWD1.10 Mil) but then increased from Dec. 2023 (KWD1.10 Mil) to Mar. 2024 (KWD1.11 Mil).

Gulf Petroleum Investment Co KSCC's annual accounts payable & accrued expense declined from Dec. 2021 (KWD1.85 Mil) to Dec. 2022 (KWD1.26 Mil) and declined from Dec. 2022 (KWD1.26 Mil) to Dec. 2023 (KWD1.10 Mil).

Gulf Petroleum Investment Co KSCC Accounts Payable & Accrued Expense Historical Data

The historical data trend for Gulf Petroleum Investment Co KSCC'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 Petroleum Investment Co KSCC Accounts Payable & Accrued Expense Chart

Gulf Petroleum Investment Co KSCC Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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5.76

6.25

1.85

1.26

1.10

Gulf Petroleum Investment Co KSCC 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															2.36	2.33	2.09	1.10	1.11

Gulf Petroleum Investment Co KSCC 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 Petroleum Investment Co KSCC (KUW:GPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Petroleum Investment Co KSCC (KUW:GPI) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Al-Qibla, Block 5, Building 4, Floor 16, Office 10, Behbehani Real Estate Company, Kuwait City, KWT, 13086

Website

http://www.petrogulf.com.kw

Gulf Petroleum Investment Co KSCC is a company operating in the oil industry. It mainly focuses on services in the Oil, Gas and Petrochemical sectors with activities including Engineering and consulting for upstream and downstream related projects, Oilfield services drilling and Supply of all equipment.