Fortress Minerals (SGX:OAJ) Accounts Payable & Accrued Expense : S$9.33 Mil (As of Aug. 2023)

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What is Fortress Minerals Accounts Payable & Accrued Expense?

Fortress Minerals's quarterly accounts payable & accrued expense increased from Feb. 2023 (S$5.92 Mil) to May. 2023 (S$10.84 Mil) but then declined from May. 2023 (S$10.84 Mil) to Aug. 2023 (S$9.33 Mil).

Fortress Minerals's annual accounts payable & accrued expense increased from Feb. 2021 (S$4.14 Mil) to Feb. 2022 (S$5.06 Mil) and increased from Feb. 2022 (S$5.06 Mil) to Feb. 2023 (S$5.92 Mil).

Fortress Minerals Accounts Payable & Accrued Expense Historical Data

The historical data trend for Fortress Minerals'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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Fortress Minerals Accounts Payable & Accrued Expense Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Accounts Payable & Accrued Expense

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1.59

7.69

4.14

5.06

5.92

Fortress Minerals Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															14.16	13.45	5.92	10.84	9.33

Fortress Minerals 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.

Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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