Fortescue (MEX:FMG) Accounts Payable : MXN19,071 Mil (As of Jun. 2024)

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What is Fortescue Accounts Payable?

Fortescue's Accounts Payable for the quarter that ended in Jun. 2024 was MXN19,071 Mil.

Fortescue's quarterly Accounts Payable increased from Jun. 2023 (MXN16,870 Mil) to Dec. 2023 (MXN23,662 Mil) but then declined from Dec. 2023 (MXN23,662 Mil) to Jun. 2024 (MXN19,071 Mil).

Fortescue's annual Accounts Payable declined from Jun. 2022 (MXN19,152 Mil) to Jun. 2023 (MXN16,870 Mil) but then increased from Jun. 2023 (MXN16,870 Mil) to Jun. 2024 (MXN19,071 Mil).

Fortescue Accounts Payable Historical Data

The historical data trend for Fortescue's Accounts Payable 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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Fortescue Accounts Payable Chart

Fortescue Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Payable

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6,486.07

20,065.25

19,152.34

16,869.60

19,071.23

Fortescue Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Payable	Get a 7-Day Free Trial															19,152.34	27,157.93	16,869.60	23,662.10	19,071.23

Fortescue Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Fortescue Accounts Payable Related Terms

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Fortescue Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (MEX:FMG) » Definitions » Accounts Payable

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Traded in Other Exchanges

FSUMF:USA FSUGY:USA FVJ:Germany FMG:Australia

Address

87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.fortescue.com

Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2024 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2026 or 2027. However, with longer-term demand likely to decline as China's economy matures, Fortescue's future margins are likely to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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