SRT Marine Systems (LSE:SRT) Accounts Payable & Accrued Expense : £7.19 Mil (As of Sep. 2023)

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What is SRT Marine Systems Accounts Payable & Accrued Expense?

SRT Marine Systems's quarterly accounts payable & accrued expense declined from Sep. 2022 (£11.59 Mil) to Mar. 2023 (£2.89 Mil) but then increased from Mar. 2023 (£2.89 Mil) to Sep. 2023 (£7.19 Mil).

SRT Marine Systems's annual accounts payable & accrued expense increased from Mar. 2021 (£1.15 Mil) to Mar. 2022 (£1.67 Mil) and increased from Mar. 2022 (£1.67 Mil) to Mar. 2023 (£2.89 Mil).

SRT Marine Systems Accounts Payable & Accrued Expense Historical Data

The historical data trend for SRT Marine Systems'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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SRT Marine Systems Accounts Payable & Accrued Expense Chart

SRT Marine Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

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1.37

2.53

1.15

1.67

2.89

SRT Marine Systems Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1.86	1.67	11.59	2.89	7.19

SRT Marine Systems 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.

SRT Marine Systems (LSE:SRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SRT Marine Systems PLC (LSE:SRT) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

6S7:Germany

Address

Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website

http://www.srt-marine.com

SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.