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Magic Empire Global (Magic Empire Global) Accounts Payable & Accrued Expense : $0.14 Mil (As of Dec. 2023)


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What is Magic Empire Global Accounts Payable & Accrued Expense?

Magic Empire Global's quarterly accounts payable & accrued expense declined from Dec. 2022 ($0.14 Mil) to Jun. 2023 ($0.01 Mil) but then increased from Jun. 2023 ($0.01 Mil) to Dec. 2023 ($0.14 Mil).

Magic Empire Global's annual accounts payable & accrued expense declined from Dec. 2021 ($1.47 Mil) to Dec. 2022 ($0.14 Mil) but then increased from Dec. 2022 ($0.14 Mil) to Dec. 2023 ($0.14 Mil).

Magic Empire Global Accounts Payable & Accrued Expense Historical Data

The historical data trend for Magic Empire Global'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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Magic Empire Global Accounts Payable & Accrued Expense Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
0.80 1.47 0.14 0.14

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial 1.47 1.31 0.14 0.01 0.14

Magic Empire Global 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.

Magic Empire Global (Magic Empire Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Website
https://www.meglmagic.com
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.