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G8 Education (ASX:GEM) Accounts Payable & Accrued Expense : A$72.2 Mil (As of Dec. 2023)


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What is G8 Education Accounts Payable & Accrued Expense?

G8 Education's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$73.4 Mil) to Jun. 2023 (A$64.7 Mil) but then increased from Jun. 2023 (A$64.7 Mil) to Dec. 2023 (A$72.2 Mil).

G8 Education's annual accounts payable & accrued expense declined from Dec. 2021 (A$78.3 Mil) to Dec. 2022 (A$73.4 Mil) and declined from Dec. 2022 (A$73.4 Mil) to Dec. 2023 (A$72.2 Mil).

G8 Education Accounts Payable & Accrued Expense Historical Data

The historical data trend for G8 Education'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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G8 Education Accounts Payable & Accrued Expense Chart

G8 Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.84 73.89 78.27 73.42 72.21

G8 Education 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 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 78.27 63.76 73.42 64.70 72.21

G8 Education 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.

G8 Education (ASX:GEM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » G8 Education Ltd (ASX:GEM) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
3EAG:Germany
Address
159 Varsity Parade, Varsity Lakes, Gold Coast, QLD, AUS, 4227
Website
https://www.g8education.edu.au
G8 Education Ltd operates a portfolio of around 438 childcare centres in Australia, implying a market share of less than 10%. The company relies on government subsidies, which comprise around 60% of childcare fees, but we expect subsidies to grow with childcare demand. G8 does not own the buildings from which its childcare centres operate, and labour costs comprise around 60% of revenue. Rental costs comprise around 10-15%.