Smartgroup (ASX:SIQ) Accounts Payable & Accrued Expense : A$35.3 Mil (As of Dec. 2023)

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What is Smartgroup Accounts Payable & Accrued Expense?

Smartgroup's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$31.9 Mil) to Jun. 2023 (A$35.6 Mil) but then declined from Jun. 2023 (A$35.6 Mil) to Dec. 2023 (A$35.3 Mil).

Smartgroup's annual accounts payable & accrued expense declined from Dec. 2021 (A$38.2 Mil) to Dec. 2022 (A$31.9 Mil) but then increased from Dec. 2022 (A$31.9 Mil) to Dec. 2023 (A$35.3 Mil).

Smartgroup Accounts Payable & Accrued Expense Historical Data

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

Smartgroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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35.27

29.89

38.20

31.91

35.29

Smartgroup Semi-Annual Data
	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														38.20	35.00	31.91	35.57	35.29

Smartgroup 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.

Smartgroup (ASX:SIQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Smartgroup Corporation Ltd (ASX:SIQ) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

STGXF:USA

Address

133 Castlereagh Street, National Head Office, Level 8, Sydney, NSW, AUS, 2000

Website

http://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, vehicle services, or VS, and software, distribution and group services, or SDGS. Bulk of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end vehicle fleet management services.

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