TESSCO Technologies Incorporated Accounts Payable

Accounts Payable of TESS for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accounts Payable growth rates and interactive chart. Accounts payable (AP) represents a company's obligation to pay off a short-term debt to its creditors or suppliers. Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for. The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet. The increase or decrease in total AP from the prior period appears on the cash flow statement.

Highlights and Quick Summary

  • Accounts Payable for the quarter ending March 30, 2021 was $59.4 Million (a -9.85% decrease compared to previous quarter)
  • Year-over-year quarterly Accounts Payable decreased by -21.23%
  • Annual Accounts Payable for 2021 was $59.4 Million (a -21.32% decrease from previous year)
  • Annual Accounts Payable for 2020 was $75.5 Million (a 3.36% increase from previous year)
  • Annual Accounts Payable for 2019 was $73.1 Million (a 8.98% increase from previous year)
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Historical Accounts Payable of TESSCO Technologies Incorporated

Most recent Accounts Payableof TESS including historical data for past 10 years.

Interactive Chart of Accounts Payable of TESSCO Technologies Incorporated

TESSCO Technologies Incorporated Accounts Payable for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $59.42 $59.42
2020 $65.91 $64.62 $75.43 $75.51 $75.51
2019 $60.62 $72.75 $90.77 $73.06 $73.06
2018 $67.57 $87.66 $82.48 $67.04 $67.04
2017 $62.38 $69.17 $63.11 $53.58 $53.58
2016 $58.62 $69.84 $49.44 $41.99 $41.99
2015 $49.16 $56.45 $60.05 $51.8 $51.8
2014 $51.08 $73.53 $71.86 $50.76 $50.76
2013 $44.07 $58.82 $59.37 $65.21 $65.21
2012 $88.41 $108.43 $98.37 $78.34 $78.34
2011 $132.64 $75.75 $74.9 $62.91 $62.91
2010 $82.13 $90.03

Business Profile of TESSCO Technologies Incorporated

Sector: Technology
Industry: Communication Equipment
TESSCO Technologies Incorporated architects and delivers product and value chain solutions to support wireless systems in the United States and internationally. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding products, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems. It also provides network systems products, such as fixed and mobile broadband radio equipment, wireless networking filtering and distributed antenna systems, two-way radios, and security and surveillance products. In addition, the company offers installation, test, and maintenance products comprising analysis equipment; and various frequency, voltage, and power-measuring devices, as well as tools, hardware, GPS and safety products, and replacement and component parts and supplies to install, tune, and maintain wireless communications equipment. The company sells its products to carrier and public network operators, tower owners, program managers, contractors and integrators, private system operators, federal governments, state and local governments, manufacturers, value-added resellers, retail carrier stores and their independent agents, and other retailers under the Ventev brand. TESSCO Technologies Incorporated was founded in 1982 and is headquartered in Hunt Valley, Maryland.