Somec SpA (MIL:SOM) Accounts Payable & Accrued Expense : €86.0 Mil (As of Dec. 2023)

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What is Somec SpA Accounts Payable & Accrued Expense?

Somec SpA's quarterly accounts payable & accrued expense increased from Dec. 2022 (€91.5 Mil) to Jun. 2023 (€99.2 Mil) but then declined from Jun. 2023 (€99.2 Mil) to Dec. 2023 (€86.0 Mil).

Somec SpA's annual accounts payable & accrued expense increased from Dec. 2021 (€62.6 Mil) to Dec. 2022 (€91.5 Mil) but then declined from Dec. 2022 (€91.5 Mil) to Dec. 2023 (€86.0 Mil).

Somec SpA Accounts Payable & Accrued Expense Historical Data

The historical data trend for Somec SpA'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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Somec SpA Accounts Payable & Accrued Expense Chart

Somec SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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53.37

50.39

62.59

91.50

86.02

Somec SpA Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial									62.59	82.17	91.50	99.24	86.02

Somec SpA 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.

Somec SpA (MIL:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Somec SpA (MIL:SOM) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Palu, 30, San Vendemiano, Treviso, ITA, 31020

Website

http://www.somecgroup.com

Somec SpA designs and manufactures glass envelopes for cruise ships and special architectural projects. Its products include balcony sliding doors, public area doors, handrails, windscreens, and balcony dividers.

Somec SpA (MIL:SOM) Headlines

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