Pattech Fitwell Tube Components (NSE:PATTECH) Accounts Payable & Accrued Expense : ₹12.9 Mil (As of Sep. 2023)

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What is Pattech Fitwell Tube Components Accounts Payable & Accrued Expense?

Pattech Fitwell Tube Components's quarterly accounts payable & accrued expense increased from Mar. 2021 (₹8.9 Mil) to Mar. 2022 (₹26.0 Mil) but then declined from Mar. 2022 (₹26.0 Mil) to Sep. 2023 (₹12.9 Mil).

Pattech Fitwell Tube Components's annual accounts payable & accrued expense declined from Mar. 2020 (₹9.3 Mil) to Mar. 2021 (₹8.9 Mil) but then increased from Mar. 2021 (₹8.9 Mil) to Mar. 2022 (₹26.0 Mil).

Pattech Fitwell Tube Components Accounts Payable & Accrued Expense Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components Accounts Payable & Accrued Expense Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Accounts Payable & Accrued Expense

9.26

8.87

26.04

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Accounts Payable & Accrued Expense	9.26	8.87	26.04	12.86

Pattech Fitwell Tube Components 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.

Pattech Fitwell Tube Components (NSE:PATTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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