Kordsa Teknik Tekstil AS (IST:KORDS) Accounts Payable & Accrued Expense : ₺4,313 Mil (As of Sep. 2024)

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What is Kordsa Teknik Tekstil AS Accounts Payable & Accrued Expense?

Kordsa Teknik Tekstil AS's quarterly accounts payable & accrued expense increased from Mar. 2024 (₺4,616 Mil) to Jun. 2024 (₺4,837 Mil) but then declined from Jun. 2024 (₺4,837 Mil) to Sep. 2024 (₺4,313 Mil).

Kordsa Teknik Tekstil AS's annual accounts payable & accrued expense increased from Dec. 2021 (₺2,032 Mil) to Dec. 2022 (₺3,179 Mil) and increased from Dec. 2022 (₺3,179 Mil) to Dec. 2023 (₺3,732 Mil).

Kordsa Teknik Tekstil AS Accounts Payable & Accrued Expense Historical Data

The historical data trend for Kordsa Teknik Tekstil AS'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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Kordsa Teknik Tekstil AS Accounts Payable & Accrued Expense Chart

Kordsa Teknik Tekstil AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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666.88

709.59

2,031.59

3,179.12

3,732.17

Kordsa Teknik Tekstil AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															3,704.45	3,732.17	4,615.93	4,836.83	4,313.38

Kordsa Teknik Tekstil AS 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.

Kordsa Teknik Tekstil AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kordsa Teknik Tekstil AS (IST:KORDS) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

N/A

Address

Alikahya Fatih Mahallesi Sanayici Caddesi No. 90, Izmit, Kocaeli, TUR, 41310

Website

https://www.kordsa.com

Kordsa Teknik Tekstil AS is a Turkey-based company tire reinforcement company, engaged in the manufacturing of nylon and polyester yarn, cord fabric, and single-end cord products. It benefits the tire reinforcement and mechanical rubber market. The company offers carcass and industrial fabrics that are used in the structure of vehicle tires, and rubber and plastic materials, such as transmission belts, V belts, rubber hoses, etc. Business is functioned through North America, South America, Asia, Europe, the Middle East, and Africa.

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