POET Technologies (POET Technologies) Accounts Payable & Accrued Expense : $1.44 Mil (As of Mar. 2024)

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What is POET Technologies Accounts Payable & Accrued Expense?

POET Technologies's quarterly accounts payable & accrued expense increased from Sep. 2023 ($1.35 Mil) to Dec. 2023 ($2.30 Mil) but then declined from Dec. 2023 ($2.30 Mil) to Mar. 2024 ($1.44 Mil).

POET Technologies's annual accounts payable & accrued expense increased from Dec. 2021 ($1.79 Mil) to Dec. 2022 ($3.36 Mil) but then declined from Dec. 2022 ($3.36 Mil) to Dec. 2023 ($2.30 Mil).

POET Technologies Accounts Payable & Accrued Expense Historical Data

The historical data trend for POET Technologies'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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POET Technologies Accounts Payable & Accrued Expense Chart

POET Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1.73

1.79

3.36

2.30

POET Technologies 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															2.69	1.94	1.35	2.30	1.44

POET Technologies 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.

POET Technologies (POET Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » POET Technologies Inc (NAS:POET) » Definitions » Accounts Payable & Accrued Expense

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RI4A:Germany PTK:Canada

Address

120 Eglinton Avenue East, Suite 1107, Toronto, ON, CAN, M4P 1E2

Website

https://www.poet-technologies.com

POET Technologies Inc offers integration solutions based on the POET Optical Interposer, a novel platform for the seamless integration of electronic and photonic devices into a single module using advanced wafer-level manufacturing techniques and packaging methods. The company operates in a single segment of design, manufacture, and sale of semiconductor products and services for commercial applications. Its products have applications in Data Centers, Telecommunications, the Internet of Things & Industrial Sensing, Automotive LIDAR, and On-Board Optics. Its geographical segments are Asia, the United States, and Canada.