Argo Properties NV (XTAE:ARGO) Accounts Payable & Accrued Expense : ₪30.9 Mil (As of Sep. 2023)

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What is Argo Properties NV Accounts Payable & Accrued Expense?

Argo Properties NV's quarterly accounts payable & accrued expense increased from Mar. 2023 (₪23.4 Mil) to Jun. 2023 (₪28.9 Mil) and increased from Jun. 2023 (₪28.9 Mil) to Sep. 2023 (₪30.9 Mil).

Argo Properties NV's annual accounts payable & accrued expense increased from Dec. 2020 (₪11.5 Mil) to Dec. 2021 (₪41.9 Mil) but then declined from Dec. 2021 (₪41.9 Mil) to Dec. 2022 (₪26.9 Mil).

Argo Properties NV Accounts Payable & Accrued Expense Historical Data

The historical data trend for Argo Properties NV'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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Argo Properties NV Accounts Payable & Accrued Expense Chart

Argo Properties NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

24.70

11.47

41.85

26.90

Argo Properties NV Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial											34.55	26.90	23.41	28.95	30.93

Argo Properties NV 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.

Argo Properties NV (XTAE:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Argo Properties NV (XTAE:ARGO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karl-Liebknecht-Strasse 2a, Leipzig, SN, DEU, 04107

Website

https://www.argo-nv.com

Argo Properties NV is a foreign company engaged in the purchase, management, and rental of residential and office buildings in Germany. The company's segment includes Income generating residential real estate and Income generating real estate for development. It generates maximum revenue from the Income generating residential real estate segment.