ICZOOM Group (ICZOOM Group) Accounts Payable & Accrued Expense : $56.0 Mil (As of Jun. 2023)

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What is ICZOOM Group Accounts Payable & Accrued Expense?

ICZOOM Group's quarterly accounts payable & accrued expense increased from Jun. 2022 ($62.9 Mil) to Dec. 2022 ($64.6 Mil) but then declined from Dec. 2022 ($64.6 Mil) to Jun. 2023 ($56.0 Mil).

ICZOOM Group's annual accounts payable & accrued expense increased from Jun. 2021 ($57.8 Mil) to Jun. 2022 ($62.9 Mil) but then declined from Jun. 2022 ($62.9 Mil) to Jun. 2023 ($56.0 Mil).

ICZOOM Group Accounts Payable & Accrued Expense Historical Data

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

ICZOOM Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

25.49

42.09

57.77

62.91

56.04

ICZOOM Group Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial				57.77	53.88	62.91	64.55	56.04

ICZOOM 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.

ICZOOM Group (ICZOOM Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ICZOOM Group Inc (NAS:IZM) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000

Website

http://www.iczoomex.com

ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.