Primech Holdings (Primech Holdings) Accounts Payable & Accrued Expense : $8.84 Mil (As of Sep. 2023)

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What is Primech Holdings Accounts Payable & Accrued Expense?

Primech Holdings's quarterly accounts payable & accrued expense increased from Sep. 2022 ($9.42 Mil) to Mar. 2023 ($10.90 Mil) but then declined from Mar. 2023 ($10.90 Mil) to Sep. 2023 ($8.84 Mil).

Primech Holdings's annual accounts payable & accrued expense increased from Mar. 2021 ($7.66 Mil) to Mar. 2022 ($9.24 Mil) and increased from Mar. 2022 ($9.24 Mil) to Mar. 2023 ($10.90 Mil).

Primech Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Primech Holdings'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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Primech Holdings Accounts Payable & Accrued Expense Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

5.10

7.66

9.24

10.90

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			9.09	9.24	9.42	10.90	8.84

Primech Holdings 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.

Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By Marketwired • 10-10-2023