Platinum Capital (ASX:PMC) Accounts Payable & Accrued Expense : A$0.78 Mil (As of Dec. 2023)

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What is Platinum Capital Accounts Payable & Accrued Expense?

Platinum Capital's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$0.86 Mil) to Jun. 2023 (A$0.80 Mil) and declined from Jun. 2023 (A$0.80 Mil) to Dec. 2023 (A$0.78 Mil).

Platinum Capital's annual accounts payable & accrued expense declined from Jun. 2021 (A$1.10 Mil) to Jun. 2022 (A$0.77 Mil) but then increased from Jun. 2022 (A$0.77 Mil) to Jun. 2023 (A$0.80 Mil).

Platinum Capital Accounts Payable & Accrued Expense Historical Data

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

Platinum Capital Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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1.70

0.63

1.10

0.77

0.80

Platinum Capital Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															1.00	0.77	0.86	0.80	0.78

Platinum Capital 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.

Platinum Capital (ASX:PMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Platinum Capital Ltd (ASX:PMC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 8, 7 Macquarie Place, Sydney, NSW, AUS, 2000

Website

https://www.platinum.com.au

Platinum Capital Ltd is an Australian close-ended investment company with its investment objectives to deliver attractive returns to shareholders over time, made up of capital growth and fully-franked dividends, and contain capital losses by mitigating the impact of market downturns. It focuses on investing in securities of a company, of which business and growth are undervalued. The investment manager of the company adopts a bottom-up stock selection methodology through which long-term capital growth is sought by investing in undervalued securities, cash and actively managed currency as well as it seeks to earn absolute returns. Its portfolio includes equities and derivatives, forward currency contracts and overseas bank accounts.

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