Megain Holding (Cayman) Co (HKSE:06939) Accounts Payable & Accrued Expense : HK$10.1 Mil (As of Dec. 2023)

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What is Megain Holding (Cayman) Co Accounts Payable & Accrued Expense?

Megain Holding (Cayman) Co's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$28.7 Mil) to Jun. 2023 (HK$20.1 Mil) and declined from Jun. 2023 (HK$20.1 Mil) to Dec. 2023 (HK$10.1 Mil).

Megain Holding (Cayman) Co's annual accounts payable & accrued expense increased from Dec. 2021 (HK$18.5 Mil) to Dec. 2022 (HK$28.7 Mil) but then declined from Dec. 2022 (HK$28.7 Mil) to Dec. 2023 (HK$10.1 Mil).

Megain Holding (Cayman) Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Megain Holding (Cayman) Co'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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Megain Holding (Cayman) Co Accounts Payable & Accrued Expense Chart

Megain Holding (Cayman) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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32.49

10.42

18.53

28.71

10.15

Megain Holding (Cayman) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial						18.53	20.61	28.71	20.11	10.15

Megain Holding (Cayman) Co 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.

Megain Holding (Cayman) Co (HKSE:06939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Megain Holding (Cayman) Co Ltd (HKSE:06939) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 115 Huawei Road, Block A, Floor 3, Guangdong Province, Zhuhai, CHN, 519000

Website

https://www.megaincayman.com

Megain Holding (Cayman) Co Ltd is an investment holding company engaged in the provision of research, design, development, and sales of compatible cartridge chips based in China. The company's products are the core components of compatible cartridges, which are printer consumables designed and manufactured by third-party cartridge manufacturers and include ink cartridges for use in inkjet printers and toner cartridges for use in laser printers. Its product application includes Desktop laser printers, Desktop inkjet printers, and Commercial printers. The company derives a majority of its revenue from the People's Republic of China.

Executives

Cheng Hsien-wei	2201 Interest of corporation controlled by you
Global Megain Technology Pte. Ltd.	2101 Beneficial owner
Arista Global Ltd.	2103 Interests held jointly with another person
Lee Kuo-chang	2103 Interests held jointly with another person
Good Loyal Corporation	2101 Beneficial owner
Yu Yiding	2201 Interest of corporation controlled by you
Lam Tsz Leung	2101 Beneficial owner

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