Abacus Group (ASX:ABG) Accounts Payable & Accrued Expense : A$73.02 Mil (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Abacus Group Accounts Payable & Accrued Expense?

Abacus Group's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$220.46 Mil) to Jun. 2023 (A$57.58 Mil) but then increased from Jun. 2023 (A$57.58 Mil) to Dec. 2023 (A$73.02 Mil).

Abacus Group's annual accounts payable & accrued expense increased from Jun. 2021 (A$112.14 Mil) to Jun. 2022 (A$127.03 Mil) but then declined from Jun. 2022 (A$127.03 Mil) to Jun. 2023 (A$57.58 Mil).

Abacus Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Abacus 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.

* Premium members only.

Abacus Group Accounts Payable & Accrued Expense Chart

Abacus Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

Get a 7-Day Free Trial

73.48

80.99

112.14

127.03

57.58

Abacus Group Semi-Annual Data
	Jun14	Dec14	Jun15	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															109.01	127.03	220.46	57.58	73.02

Abacus 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.

Abacus Group (ASX:ABG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Group (ASX:ABG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

EZO1:Germany

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusproperty.com.au

Abacus Group is primarily focused on storage and office property, with minor interests in other subsectors such as retail property. Its storage business remains an active acquirer and developer of property. Management separated the storage business in mid-2023. We don't view the separation as creating value in itself, however, we view it as a potential catalyst that could prompt the market to recognize latent value in Abacus' assets. However, it will likely take time for the market to get familiar with the two Abacus vehicles and its new structure.