Magic Software Enterprises (XTAE:MGIC) Accounts Payable & Accrued Expense : ₪268 Mil (As of Mar. 2024)

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What is Magic Software Enterprises Accounts Payable & Accrued Expense?

Magic Software Enterprises's quarterly accounts payable & accrued expense increased from Sep. 2023 (₪243 Mil) to Dec. 2023 (₪263 Mil) and increased from Dec. 2023 (₪263 Mil) to Mar. 2024 (₪268 Mil).

Magic Software Enterprises's annual accounts payable & accrued expense increased from Dec. 2021 (₪263 Mil) to Dec. 2022 (₪280 Mil) but then declined from Dec. 2022 (₪280 Mil) to Dec. 2023 (₪263 Mil).

Magic Software Enterprises Accounts Payable & Accrued Expense Historical Data

The historical data trend for Magic Software Enterprises'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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Magic Software Enterprises Accounts Payable & Accrued Expense Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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164.10

211.08

262.66

280.11

263.05

Magic Software Enterprises 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															316.44	263.97	242.60	263.05	267.61

Magic Software Enterprises 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.

Magic Software Enterprises (XTAE:MGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (XTAE:MGIC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MGIC:USA MGK:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, ISR, 6037501

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.