AX Real Estate (MAL:AXR) Accounts Payable & Accrued Expense : €29.47 Mil (As of Oct. 2023)

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What is AX Real Estate Accounts Payable & Accrued Expense?

AX Real Estate's quarterly accounts payable & accrued expense declined from Oct. 2022 (€21.35 Mil) to Apr. 2023 (€6.50 Mil) but then increased from Apr. 2023 (€6.50 Mil) to Oct. 2023 (€29.47 Mil).

AX Real Estate's annual accounts payable & accrued expense increased from Oct. 2021 (€13.69 Mil) to Oct. 2022 (€21.35 Mil) and increased from Oct. 2022 (€21.35 Mil) to Oct. 2023 (€29.47 Mil).

AX Real Estate Accounts Payable & Accrued Expense Historical Data

The historical data trend for AX Real Estate'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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AX Real Estate Accounts Payable & Accrued Expense Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

Accounts Payable & Accrued Expense

13.69

21.35

29.47

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
Accounts Payable & Accrued Expense	13.69	5.45	21.35	6.50	29.47

AX Real Estate 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.

AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.