Summit Networks Inc. (SNTW) Change in Accured Expenses (2014 - 2023)

Summit Networks (SNTW) has reported Change in Accured Expenses for 9 consecutive years, with $4021.0 the latest figure, recorded in Q1 2023.

• In Q1 2023, Change in Accured Expenses fell 75.02% year-over-year to $4021.0; the TTM figure through Mar 2023 stood at -$13644.0 (down 109.1% YoY), while the FY2022 annual figure was $32834.0, down 75.46% from the prior year.
• Change in Accured Expenses retreated to $4021.0 in Q1 2023 per SNTW's latest filing, from $15601.0 in the prior quarter.
• Across five years, Change in Accured Expenses topped out at $59356.0 in Q3 2021 and bottomed at -$45266.0 in Q3 2022.
• Historically, Change in Accured Expenses has averaged $14253.4 across 5 years, with a median of $12000.0 in 2022.
• Annual changes were most pronounced in 2019 — Change in Accured Expenses soared 290.9% — and 2022, when it plunged 176.26%.
• Summit Networks' Change in Accured Expenses stood at $11330.0 in 2019, then declined by 21.62% to $8880.0 in 2020, then soared by 463.06% to $50000.0 in 2021, then tumbled by 68.8% to $15601.0 in 2022, then tumbled by 74.23% to $4021.0 in 2023.
• Business Quant data shows SNTW's Change in Accured Expenses at $4021.0 in Q1 2023, $15601.0 in Q4 2022, and -$45266.0 in Q3 2022.