Hotel Property Investments (ASX:HPI) Accounts Payable & Accrued Expense : A$16.07 Mil (As of Dec. 2023)

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What is Hotel Property Investments Accounts Payable & Accrued Expense?

Hotel Property Investments's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$14.38 Mil) to Jun. 2023 (A$28.91 Mil) but then declined from Jun. 2023 (A$28.91 Mil) to Dec. 2023 (A$16.07 Mil).

Hotel Property Investments's annual accounts payable & accrued expense increased from Jun. 2021 (A$23.79 Mil) to Jun. 2022 (A$30.28 Mil) but then declined from Jun. 2022 (A$30.28 Mil) to Jun. 2023 (A$28.91 Mil).

Hotel Property Investments Accounts Payable & Accrued Expense Historical Data

The historical data trend for Hotel Property Investments'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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Hotel Property Investments Accounts Payable & Accrued Expense Chart

Hotel Property Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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19.89

20.74

23.79

30.28

28.91

Hotel Property Investments 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															8.32	30.28	14.38	28.91	16.07

Hotel Property Investments 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.

Hotel Property Investments (ASX:HPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hotel Property Investments (ASX:HPI) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

60 City Road, Suite 2, Level 17, IBM Centre, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.hpitrust.com.au

Hotel Property Investments is an Australian REIT with a portfolio of freehold pub properties primarily in Queensland. Its portfolio is almost exclusively leased to Queensland Venue Co. on triple-net long-term leases where the tenant is responsible for outgoings (except land tax in Queensland), resulting in relatively low maintenance expenses. Most leases also provide for annual rental increases typically at the lower of 4% or two times the average of the last five years consumer price index.