Addentax Group (Addentax Group) Accounts Payable & Accrued Expense : $3.84 Mil (As of Dec. 2023)

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What is Addentax Group Accounts Payable & Accrued Expense?

Addentax Group's quarterly accounts payable & accrued expense increased from Jun. 2023 ($2.81 Mil) to Sep. 2023 ($3.65 Mil) and increased from Sep. 2023 ($3.65 Mil) to Dec. 2023 ($3.84 Mil).

Addentax Group's annual accounts payable & accrued expense declined from Mar. 2021 ($8.57 Mil) to Mar. 2022 ($5.48 Mil) and declined from Mar. 2022 ($5.48 Mil) to Mar. 2023 ($3.26 Mil).

Addentax Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Addentax 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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Addentax Group Accounts Payable & Accrued Expense Chart

Addentax Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

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5.35

9.28

8.57

5.48

3.26

Addentax Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															4.98	3.26	2.81	3.65	3.84

Addentax 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.

Addentax Group (Addentax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Addentax Group Corp (NAS:ATXG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

Kingkey 100, Block A, Room 4805, Luohu District, Shenzhen, CHN, 518000

Website

http://www.addentax.com

Addentax Group Corp is an investment holding company. The company's operating segment includes Garment manufacturing; Logistics services; Property management and subleasing. It generates maximum revenue from the Logistics services segment. The Logistics services segment provides logistics services. Geographically, it derives a majority of its revenue from China.