Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) Accounts Payable: ₽74,074 Mil (As of Dec. 2023)

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MIC:MAGN Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
17 GF Score
Price ₽15.61
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What is Magnitogorsk Iron & Steel Works PJSC Accounts Payable?

Magnitogorsk Iron & Steel Works PJSC MIC:MAGN +0.10% 17 Accounts Payable is ₽74,074 Mil as of Dec. 2023. GuruFocus rates MIC:MAGN with a GF Score™ of 17/100.

Magnitogorsk Iron & Steel Works PJSC's Accounts Payable for the quarter that ended in Dec. 2023 was ₽74,074 Mil.

Magnitogorsk Iron & Steel Works PJSC's quarterly Accounts Payable increased from Dec. 2022 (₽46,709 Mil) to Jun. 2023 (₽112,836 Mil) but then declined from Jun. 2023 (₽112,836 Mil) to Dec. 2023 (₽74,074 Mil).

Magnitogorsk Iron & Steel Works PJSC's annual Accounts Payable declined from Dec. 2021 (₽62,973 Mil) to Dec. 2022 (₽46,709 Mil) but then increased from Dec. 2022 (₽46,709 Mil) to Dec. 2023 (₽74,074 Mil).

Magnitogorsk Iron & Steel Works PJSC Accounts Payable Related Terms

Magnitogorsk Iron & Steel Works PJSC Accounts Payable Historical Data

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The historical data trend for Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC Accounts Payable Chart

Magnitogorsk Iron & Steel Works PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33,416.00 45,793.00 62,973.00 46,709.00 74,074.00

Magnitogorsk Iron & Steel Works PJSC Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62,973.00 0.00 46,709.00 112,836.00 74,074.00
MIC:MAGN
17GF Score
Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnitogorsk Iron & Steel Works PJSC 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.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of ₽74,074 Mil mean?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a Accounts Payable of ₽74,074 Mil as of Dec. 2023. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Magnitogorsk Iron & Steel Works PJSC and its competitors.
Is Magnitogorsk Iron & Steel Works PJSC's Accounts Payable too high?
Magnitogorsk Iron & Steel Works PJSC's current Accounts Payable is ₽74,074 Mil. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's Accounts Payable compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's Accounts Payable of ₽74,074 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Steel company?
A good Accounts Payable depends on the Steel industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Magnitogorsk Iron & Steel Works PJSC and its competitors. Magnitogorsk Iron & Steel Works PJSC's current Accounts Payable is ₽74,074 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current Accounts Payable of ₽74,074 Mil. The current Accounts Payable is ₽74,074 Mil. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current Accounts Payable is ₽74,074 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Magnitogorsk Iron & Steel Works PJSC Business Description

Address 93, Kirov Street, Chelyabinsk region, Magnitogorsk, RUS, 455000
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
17GF Score

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Accounts Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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