Hi-Tech Pipes (NSE:HITECH) Accounts Payable & Accrued Expense : ₹1,615 Mil (As of Mar. 2024)

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What is Hi-Tech Pipes Accounts Payable & Accrued Expense?

Hi-Tech Pipes's quarterly accounts payable & accrued expense declined from Sep. 2023 (₹1,562 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,615 Mil).

Hi-Tech Pipes's annual accounts payable & accrued expense increased from Mar. 2022 (₹911 Mil) to Mar. 2023 (₹1,826 Mil) but then declined from Mar. 2023 (₹1,826 Mil) to Mar. 2024 (₹1,615 Mil).

Hi-Tech Pipes Accounts Payable & Accrued Expense Historical Data

The historical data trend for Hi-Tech Pipes'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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Hi-Tech Pipes Accounts Payable & Accrued Expense Chart

Hi-Tech Pipes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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615.53

545.07

910.68

1,826.12

1,615.19

Hi-Tech Pipes 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															1,826.12	-	1,562.36	-	1,615.19

Hi-Tech Pipes 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.

Hi-Tech Pipes (NSE:HITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hi-Tech Pipes Ltd (NSE:HITECH) » Definitions » Accounts Payable & Accrued Expense

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543411:India

Address

505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

https://www.hitechpipes.in

Hi-Tech Pipes Ltd is engaged in the manufacturing and marketing of a wide range of steel tubes. Its products are used in different industries like Infrastructure including telecom, defense, power distribution, railways, airports, Construction, Agriculture, and others. The company's product includes Black Steel Tubes; Rectangular and Hollow sections; Galvanised Steel Tubes; Metal Beam Highway Crash Barrier; Cold Rolling Coils and Cold Formed Sections.

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