Al Soor Fuel Marketing Co KSC (KUW:SOOR) Accounts Payable & Accrued Expense : KWD22.2 Mil (As of Mar. 2024)

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What is Al Soor Fuel Marketing Co KSC Accounts Payable & Accrued Expense?

Al Soor Fuel Marketing Co KSC's quarterly accounts payable & accrued expense declined from Sep. 2023 (KWD30.1 Mil) to Dec. 2023 (KWD15.4 Mil) but then increased from Dec. 2023 (KWD15.4 Mil) to Mar. 2024 (KWD22.2 Mil).

Al Soor Fuel Marketing Co KSC's annual accounts payable & accrued expense increased from Dec. 2021 (KWD12.8 Mil) to Dec. 2022 (KWD14.7 Mil) and increased from Dec. 2022 (KWD14.7 Mil) to Dec. 2023 (KWD15.4 Mil).

Al Soor Fuel Marketing Co KSC Accounts Payable & Accrued Expense Historical Data

The historical data trend for Al Soor Fuel Marketing Co KSC'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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Al Soor Fuel Marketing Co KSC Accounts Payable & Accrued Expense Chart

Al Soor Fuel Marketing Co KSC Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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16.79

12.13

12.83

14.75

15.41

Al Soor Fuel Marketing Co KSC 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															27.57	29.78	30.10	15.41	22.18

Al Soor Fuel Marketing Co KSC 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.

Al Soor Fuel Marketing Co KSC (KUW:SOOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Soor Fuel Marketing Co KSC (KUW:SOOR) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

N/A

Address

AlMirqab - Block 3 - Omar bin Al-Khattab Street, P.O. Box 28396, KBT Tower, 14th Floor, Kuwait, KWT, 13144

Website

http://www.soor.com.kw

Al Soor Fuel Marketing Co KSC is engaged in the acquisition, construction, leasing, operation, and maintenance of petrol filling stations. It also constructs, develops, operates, and maintains customer services center at petrol stations. The customer services centers operated by the company provide all services related to cars and vehicles such as oil changes, car wash, maintenance services, repair and technical testing of vehicles, and supermarket services. Its operating segments are Fuel marketing and other related services and Investment operations. The majority of its revenue derives from Fuel marketing and other associated services.

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