MMTEC (MTC) Accounts Payable & Accrued Expense : $1.38 Mil (As of Dec. 2023)

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What is MMTEC Accounts Payable & Accrued Expense?

MMTEC's quarterly accounts payable & accrued expense increased from Dec. 2022 ($0.74 Mil) to Jun. 2023 ($4.76 Mil) but then declined from Jun. 2023 ($4.76 Mil) to Dec. 2023 ($1.38 Mil).

MMTEC's annual accounts payable & accrued expense increased from Dec. 2021 ($0.65 Mil) to Dec. 2022 ($0.74 Mil) and increased from Dec. 2022 ($0.74 Mil) to Dec. 2023 ($1.38 Mil).

MMTEC Accounts Payable & Accrued Expense Historical Data

The historical data trend for MMTEC'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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MMTEC Accounts Payable & Accrued Expense Chart

MMTEC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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0.40

0.23

0.65

0.74

1.38

MMTEC Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										0.65	0.93	0.74	4.76	1.38

MMTEC 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.

MMTEC (MTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MMTEC Inc (NAS:MTC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o MM Future Technology Limited, 308 Des Voeux Road Central, Room 2302, 23rd Floor, FWD Financial Center, Sheung Wan, HKG

Website

https://www.haisc.com

MMTEC Inc provides Internet-based technology services and solutions to the Chinese language speaking hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms engaging in securities market transactions and settlements globally. It offers complete suite trading solutions, including services such as fund establishment, issuance, custody, transaction, and settlement. The Company currently has two operating segments, Gujia, MM Future, MMBD Advisory and HC Securities, and MM Global. It generates maximum revenue from the Gujia segment. Gujia segment provides market data services and investor relations management services to customers in China.