Grand Ming Group Holdings (HKSE:01271) Accounts Payable & Accrued Expense : HK$456.5 Mil (As of Sep. 2023)

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What is Grand Ming Group Holdings Accounts Payable & Accrued Expense?

Grand Ming Group Holdings's quarterly accounts payable & accrued expense declined from Sep. 2022 (HK$499.5 Mil) to Mar. 2023 (HK$454.5 Mil) but then increased from Mar. 2023 (HK$454.5 Mil) to Sep. 2023 (HK$456.5 Mil).

Grand Ming Group Holdings's annual accounts payable & accrued expense declined from Mar. 2021 (HK$384.6 Mil) to Mar. 2022 (HK$258.1 Mil) but then increased from Mar. 2022 (HK$258.1 Mil) to Mar. 2023 (HK$454.5 Mil).

Grand Ming Group Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Grand Ming Group 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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Grand Ming Group Holdings Accounts Payable & Accrued Expense Chart

Grand Ming Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

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165.49

625.40

384.63

258.10

454.46

Grand Ming Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															469.08	258.10	499.52	454.46	456.54

Grand Ming Group 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.

Grand Ming Group Holdings (HKSE:01271) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

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