ReadyTech Holdings (ASX:RDY) Accounts Payable & Accrued Expense : A$7.9 Mil (As of Dec. 2023)

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What is ReadyTech Holdings Accounts Payable & Accrued Expense?

ReadyTech Holdings's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$8.1 Mil) to Jun. 2023 (A$11.8 Mil) but then declined from Jun. 2023 (A$11.8 Mil) to Dec. 2023 (A$7.9 Mil).

ReadyTech Holdings's annual accounts payable & accrued expense declined from Jun. 2021 (A$7.1 Mil) to Jun. 2022 (A$6.8 Mil) but then increased from Jun. 2022 (A$6.8 Mil) to Jun. 2023 (A$11.8 Mil).

ReadyTech Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for ReadyTech Holdings'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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ReadyTech Holdings Accounts Payable & Accrued Expense Chart

ReadyTech Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

3.82

3.89

7.06

6.82

11.77

ReadyTech Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial						5.20	6.82	8.13	11.77	7.93

ReadyTech Holdings 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.

ReadyTech Holdings (ASX:RDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadyTech Holdings Ltd (ASX:RDY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.readytech.com.au

ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Education segment. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments and justice departments.