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U-BX Technology (U-BX Technology) Accounts Payable & Accrued Expense : $2.95 Mil (As of Dec. 2023)


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What is U-BX Technology Accounts Payable & Accrued Expense?

U-BX Technology's quarterly accounts payable & accrued expense increased from Dec. 2022 ($1.33 Mil) to Jun. 2023 ($1.75 Mil) and increased from Jun. 2023 ($1.75 Mil) to Dec. 2023 ($2.95 Mil).

U-BX Technology's annual accounts payable & accrued expense declined from Jun. 2021 ($2.31 Mil) to Jun. 2022 ($0.99 Mil) but then increased from Jun. 2022 ($0.99 Mil) to Jun. 2023 ($1.75 Mil).

U-BX Technology Accounts Payable & Accrued Expense Historical Data

The historical data trend for U-BX Technology'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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U-BX Technology Accounts Payable & Accrued Expense Chart

U-BX Technology Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Accounts Payable & Accrued Expense
0.28 2.31 0.99 1.75

U-BX Technology Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial 8.00 0.99 1.33 1.75 2.95

U-BX Technology 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.

U-BX Technology (U-BX Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » U-BX Technology Ltd (NAS:UBXG) » Definitions » Accounts Payable & Accrued Expense
Comparable Companies
Traded in Other Exchanges
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Address
No. 1 Linkong Er Road, Shunyi District, Zhongguan Science and Technology Park, Beijing, CHN
Website
U-BX Technology Ltd is focused on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. It helps institutional clients obtain visibility on various social media platforms and generate revenue based on consumers' clicks, views, or its clients' promotion time through those channels. The company has also developed an algorithm named Magic Mirror to calculate payout risks for insurance carriers to underwrite auto insurance coverage.

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