AdvanceTC (AdvanceTC) Accounts Payable & Accrued Expense : $0.53 Mil (As of Jun. 2022)

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What is AdvanceTC Accounts Payable & Accrued Expense?

AdvanceTC's quarterly accounts payable & accrued expense increased from Jun. 2021 ($0.24 Mil) to Dec. 2021 ($0.33 Mil) and increased from Dec. 2021 ($0.33 Mil) to Jun. 2022 ($0.53 Mil).

AdvanceTC's annual accounts payable & accrued expense increased from . 20 ($0.00 Mil) to Dec. 2020 ($0.35 Mil) but then declined from Dec. 2020 ($0.35 Mil) to Dec. 2021 ($0.33 Mil).

AdvanceTC Accounts Payable & Accrued Expense Historical Data

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

AdvanceTC Annual Data

Trend

Dec20

Dec21

Accounts Payable & Accrued Expense

0.35

0.33

AdvanceTC Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22
Accounts Payable & Accrued Expense	-	0.35	0.24	0.33	0.53

AdvanceTC 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.

AdvanceTC (AdvanceTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AdvanceTC Ltd (OTCPK:ATCLF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 George Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.advancetc.com

AdvanceTC Ltd is engaged in the design, development and commercialisation of high tech mobile wireless computing and telecommunication devices. It is the creator of the MAGIC brand of mobile computing devices and operates development facilities in Malaysia including its proprietary software and applications services.