Richmond Vanadium Technology (ASX:RVT) Accounts Payable & Accrued Expense : A$1.49 Mil (As of Dec. 2023)

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What is Richmond Vanadium Technology Accounts Payable & Accrued Expense?

Richmond Vanadium Technology's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$1.25 Mil) to Jun. 2023 (A$1.18 Mil) but then increased from Jun. 2023 (A$1.18 Mil) to Dec. 2023 (A$1.49 Mil).

Richmond Vanadium Technology's annual accounts payable & accrued expense increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$1.38 Mil) but then declined from Jun. 2022 (A$1.38 Mil) to Jun. 2023 (A$1.18 Mil).

Richmond Vanadium Technology Accounts Payable & Accrued Expense Historical Data

The historical data trend for Richmond Vanadium 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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Richmond Vanadium Technology Accounts Payable & Accrued Expense Chart

Richmond Vanadium Technology Annual Data

Trend

Jun22

Jun23

Accounts Payable & Accrued Expense

1.38

1.18

Richmond Vanadium Technology Semi-Annual Data
	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	1.25	1.18	1.49

Richmond Vanadium 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.

Richmond Vanadium Technology (ASX:RVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Vanadium Technology Ltd (ASX:RVT) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

251 Adelaide Terrace, Level 11, Perth, WA, AUS, 6000

Website

https://www.richmondvanadium.com.au

Richmond Vanadium Technology Ltd is an Australian minerals exploration company advancing its Richmond Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is the non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally and can produce a supply of vanadium for the steel and emerging energy storage markets. The project involves the development of an open cut, free dig vanadium mining operation producing vanadium pentoxide (V2O5) concentrate from the ore reserve.