Quartix Technologies (LSE:QTX) Accounts Payable & Accrued Expense : £3.14 Mil (As of Dec. 2024)

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What is Quartix Technologies Accounts Payable & Accrued Expense?

Quartix Technologies's quarterly accounts payable & accrued expense increased from Dec. 2023 (£3.28 Mil) to Jun. 2024 (£4.74 Mil) but then declined from Jun. 2024 (£4.74 Mil) to Dec. 2024 (£3.14 Mil).

Quartix Technologies's annual accounts payable & accrued expense declined from Dec. 2022 (£3.73 Mil) to Dec. 2023 (£3.28 Mil) and declined from Dec. 2023 (£3.28 Mil) to Dec. 2024 (£3.14 Mil).

Quartix Technologies Accounts Payable & Accrued Expense Historical Data

The historical data trend for Quartix Technologies'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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Quartix Technologies Accounts Payable & Accrued Expense Chart

Quartix Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Payable & Accrued Expense

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3.12

2.51

3.73

3.28

3.14

Quartix Technologies Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															3.73	4.14	3.28	4.74	3.14

Quartix Technologies 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.

Quartix Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quartix Technologies PLC (LSE:QTX) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

No.9 Journey Campus, Castle Park, Cambridge, GBR, CB3 0AX

Website

https://www.quartix.net

Quartix Technologies PLC is a supplier of vehicle telematics services. It has two reportable segments: Insurance and Total Fleet operations. The Total Fleet segment has been sub-divided into two further categories. Customer Acquisition includes sales and marketing costs of acquiring new fleet customers and the cost associated with units installed for those customers. Fleet Telematics Services includes recurring revenue associated with the group's active subscription base and the cost of servicing that subscription base. The main source of revenue for all segments is from the provision of vehicle telematics services. The group's revenue by geographical markets is highest in the UK, followed by France, the USA, and other European territories.

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