Abits Group (Abits Group) Accounts Payable & Accrued Expense : $1.01 Mil (As of Dec. 2023)

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What is Abits Group Accounts Payable & Accrued Expense?

Abits Group's quarterly accounts payable & accrued expense declined from Dec. 2022 ($0.61 Mil) to Jun. 2023 ($0.54 Mil) but then increased from Jun. 2023 ($0.54 Mil) to Dec. 2023 ($1.01 Mil).

Abits Group's annual accounts payable & accrued expense declined from Dec. 2021 ($1.17 Mil) to Dec. 2022 ($0.61 Mil) but then increased from Dec. 2022 ($0.61 Mil) to Dec. 2023 ($1.01 Mil).

Abits Group Accounts Payable & Accrued Expense Historical Data

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

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

1.84

1.47

1.17

0.61

1.01

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			1.17	0.12	0.61	0.54	1.01

Abits 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.

Abits Group (Abits Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (NAS:ABTS) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN

Website

https://www.moxianglobal.com

Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

Executives

Deng Conglin

director

ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000