PSC Insurance Group (ASX:PSI) Accounts Payable & Accrued Expense : A$309.1 Mil (As of Dec. 2023)

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What is PSC Insurance Group Accounts Payable & Accrued Expense?

PSC Insurance Group's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$272.7 Mil) to Jun. 2023 (A$299.4 Mil) and increased from Jun. 2023 (A$299.4 Mil) to Dec. 2023 (A$309.1 Mil).

PSC Insurance Group's annual accounts payable & accrued expense declined from Jun. 2021 (A$263.6 Mil) to Jun. 2022 (A$263.2 Mil) but then increased from Jun. 2022 (A$263.2 Mil) to Jun. 2023 (A$299.4 Mil).

PSC Insurance Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for PSC Insurance Group'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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PSC Insurance Group Accounts Payable & Accrued Expense Chart

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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518.37

183.02

263.62

263.24

299.36

PSC Insurance Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial												298.65	263.24	272.67	299.36	309.13

PSC Insurance Group 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.

PSC Insurance Group (ASX:PSI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the U.K. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The U.K. business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.