Independent Petroleum Group KSCP (KUW:IPG) Accounts Payable & Accrued Expense : KWD152 Mil (As of Mar. 2024)

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What is Independent Petroleum Group KSCP Accounts Payable & Accrued Expense?

Independent Petroleum Group KSCP's quarterly accounts payable & accrued expense declined from Sep. 2023 (KWD127 Mil) to Dec. 2023 (KWD114 Mil) but then increased from Dec. 2023 (KWD114 Mil) to Mar. 2024 (KWD152 Mil).

Independent Petroleum Group KSCP's annual accounts payable & accrued expense declined from Dec. 2021 (KWD107 Mil) to Dec. 2022 (KWD59 Mil) but then increased from Dec. 2022 (KWD59 Mil) to Dec. 2023 (KWD114 Mil).

Independent Petroleum Group KSCP Accounts Payable & Accrued Expense Historical Data

The historical data trend for Independent Petroleum Group KSCP'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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Independent Petroleum Group KSCP Accounts Payable & Accrued Expense Chart

Independent Petroleum Group KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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39.84

55.26

106.55

58.67

114.40

Independent Petroleum Group KSCP 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															101.93	105.80	127.39	114.40	151.63

Independent Petroleum Group KSCP 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.

Independent Petroleum Group KSCP (KUW:IPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Independent Petroleum Group KSCP (KUW:IPG) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

Block 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101

Website

https://ipg.com.kw

Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminalling, pipelines, and shipping. The company is involved in trading of the following petroleum products - Motor gasoline, Jet fuels, Crude oils, Gas, Asphalt, and Naphtha. The group operates in Africa, the Middle East, Europe, Asia and the Far East where Africa and the Middle East region generates maximum revenue.