Summit Minerals (ASX:SUM) Accounts Payable & Accrued Expense : A$0.31 Mil (As of Dec. 2023)

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What is Summit Minerals Accounts Payable & Accrued Expense?

Summit Minerals's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$0.07 Mil) to Jun. 2023 (A$0.35 Mil) but then declined from Jun. 2023 (A$0.35 Mil) to Dec. 2023 (A$0.31 Mil).

Summit Minerals's annual accounts payable & accrued expense stayed the same from . 20 (A$0.00 Mil) to . 20 (A$0.00 Mil) but then increased from . 20 (A$0.00 Mil) to Jun. 2023 (A$0.35 Mil).

Summit Minerals Accounts Payable & Accrued Expense Historical Data

The historical data trend for Summit Minerals'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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Summit Minerals Accounts Payable & Accrued Expense Chart

Summit Minerals Annual Data

Trend

Jun23

Accounts Payable & Accrued Expense

0.35

Summit Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	0.07	0.35	0.31

Summit Minerals 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.

Summit Minerals (ASX:SUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summit Minerals Ltd (ASX:SUM) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 1, Mount Hawthorn, WA, AUS, 6016

Website

https://www.summitminerals.com.au

Summit Minerals Ltd engages in acquiring, exploring, and developing battery mineral projects in Australia. It holds interest in the following projects: Stallion REE Uranium Project (WA), the Windfall Antimony Project (NSW), the Phillips River Lithium Project (WA), and the Northern REE Lithium Projects (WA), and the Bridgetown Lithium Projects (WA).