Vitec Software Group AB (OSTO:VIT B) Accounts Payable & Accrued Expense : kr59 Mil (As of Mar. 2024)

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What is Vitec Software Group AB Accounts Payable & Accrued Expense?

Vitec Software Group AB's quarterly accounts payable & accrued expense increased from Sep. 2023 (kr59 Mil) to Dec. 2023 (kr108 Mil) but then declined from Dec. 2023 (kr108 Mil) to Mar. 2024 (kr59 Mil).

Vitec Software Group AB's annual accounts payable & accrued expense increased from Dec. 2021 (kr91 Mil) to Dec. 2022 (kr129 Mil) but then declined from Dec. 2022 (kr129 Mil) to Dec. 2023 (kr108 Mil).

Vitec Software Group AB Accounts Payable & Accrued Expense Historical Data

The historical data trend for Vitec Software Group AB'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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Vitec Software Group AB Accounts Payable & Accrued Expense Chart

Vitec Software Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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50.43

71.08

91.48

128.93

108.06

Vitec Software Group AB 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															40.16	36.77	59.04	108.06	59.31

Vitec Software Group AB 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.

Vitec Software Group AB (OSTO:VIT B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vitec Software Group AB (OSTO:VIT B) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

7VS:Germany

Address

Tvistevagen 47A, Umea, SWE, 907 29

Website

https://www.vitecsoftware.com

Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides software for the pharmacy market, automotive and machine industry, banks and insurance companies, healthcare companies, real estate agents, and the education sector. Its segments comprise Auto, Energy, Real Estate, Finance and insurance, Environment, Estate Agents, and Education and health.

Vitec Software Group AB (OSTO:VIT B) Headlines

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