Platinum Asset Management (ASX:PTM) Accounts Payable & Accrued Expense : A$11.9 Mil (As of Dec. 2023)

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What is Platinum Asset Management Accounts Payable & Accrued Expense?

Platinum Asset Management's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$15.0 Mil) to Jun. 2023 (A$8.7 Mil) but then increased from Jun. 2023 (A$8.7 Mil) to Dec. 2023 (A$11.9 Mil).

Platinum Asset Management's annual accounts payable & accrued expense declined from Jun. 2021 (A$6.2 Mil) to Jun. 2022 (A$6.1 Mil) but then increased from Jun. 2022 (A$6.1 Mil) to Jun. 2023 (A$8.7 Mil).

Platinum Asset Management Accounts Payable & Accrued Expense Historical Data

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

Platinum Asset Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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8.11

5.58

6.18

6.09

8.66

Platinum Asset Management 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															5.97	6.09	14.99	8.66	11.93

Platinum Asset Management 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 Asset Management (ASX:PTM) Business Description

Industry

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

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Traded in Other Exchanges

PIJ:Germany

Address

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

Website

https://www.platinum.com.au

Platinum Asset Management is an Australian-based niche fund manager with a specialty in international equities founded in 1994. It offers region and industry-specific funds in addition to global portfolios. There is flexibility in the investment strategies at Platinum, with funds having the option to engage in short-selling, taking positions in foreign exchange markets, and derivative-based activities to manage risk and aid performance.