Solitaire Machine Tools (BOM:522152) Accounts Payable & Accrued Expense : ₹15.8 Mil (As of Mar. 2024)

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What is Solitaire Machine Tools Accounts Payable & Accrued Expense?

Solitaire Machine Tools's quarterly accounts payable & accrued expense declined from Sep. 2023 (₹17.0 Mil) to Dec. 2023 (₹0.0 Mil) but then increased from Dec. 2023 (₹0.0 Mil) to Mar. 2024 (₹15.8 Mil).

Solitaire Machine Tools's annual accounts payable & accrued expense increased from Mar. 2022 (₹24.2 Mil) to Mar. 2023 (₹29.0 Mil) but then declined from Mar. 2023 (₹29.0 Mil) to Mar. 2024 (₹15.8 Mil).

Solitaire Machine Tools Accounts Payable & Accrued Expense Historical Data

The historical data trend for Solitaire Machine Tools'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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Solitaire Machine Tools Accounts Payable & Accrued Expense Chart

Solitaire Machine Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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15.98

13.27

24.24

29.03

15.78

Solitaire Machine Tools 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															29.03	-	16.97	-	15.78

Solitaire Machine Tools 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.

Solitaire Machine Tools (BOM:522152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solitaire Machine Tools Ltd (BOM:522152) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016

Website

https://www.smtgrinders.com

Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Centerless Grinding Machine & Spares parts & Accessories. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.

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