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FinTech Chain (ASX:FTC) Accounts Payable & Accrued Expense : A$2.96 Mil (As of Sep. 2023)


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What is FinTech Chain Accounts Payable & Accrued Expense?

FinTech Chain's quarterly accounts payable & accrued expense increased from Sep. 2022 (A$2.83 Mil) to Mar. 2023 (A$3.74 Mil) but then declined from Mar. 2023 (A$3.74 Mil) to Sep. 2023 (A$2.96 Mil).

FinTech Chain's annual accounts payable & accrued expense increased from Mar. 2021 (A$2.87 Mil) to Mar. 2022 (A$6.27 Mil) but then declined from Mar. 2022 (A$6.27 Mil) to Mar. 2023 (A$3.74 Mil).

FinTech Chain Accounts Payable & Accrued Expense Historical Data

The historical data trend for FinTech Chain'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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FinTech Chain Accounts Payable & Accrued Expense Chart

FinTech Chain Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.97 3.12 2.87 6.27 3.74

FinTech Chain Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.75 6.27 2.83 3.74 2.96

FinTech Chain 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.

FinTech Chain (ASX:FTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FinTech Chain Ltd (ASX:FTC) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
56 Dundas Street, Unit 1806, 18th Floor, Gala Place, Mongkok, Kowloon, Hong Kong, HKG
Website
https://www.ttg.hk
FinTech Chain Ltd is a provider of Integrated Payment Acquiring infrastructure for banks and Industry Application Solutions. Geographically, it derives a majority of its revenue from PRC. It serves banking, catering, department store, community, tourism, and retail industries. Its product portfolio includes Prepaid Cards, Integrated Payment Systems, POS P, BIN-Based Promotion Tools, Transaction E-Authentication, Digital Community Service, T-Linx Cloud Service, T-PAD, TL-008/009, and others. The company earns revenue from the provision of system development services; provision of information technology services; provision of point-of-sale machine services and the sale of point-of-sale machines.