Topsports International Holdings (HKSE:06110) Accounts Payable & Accrued Expense : HK$2,745 Mil (As of Aug. 2023)

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What is Topsports International Holdings Accounts Payable & Accrued Expense?

Topsports International Holdings's quarterly accounts payable & accrued expense increased from Aug. 2022 (HK$2,690 Mil) to Feb. 2023 (HK$2,918 Mil) but then declined from Feb. 2023 (HK$2,918 Mil) to Aug. 2023 (HK$2,745 Mil).

Topsports International Holdings's annual accounts payable & accrued expense increased from Feb. 2021 (HK$2,337 Mil) to Feb. 2022 (HK$4,018 Mil) but then declined from Feb. 2022 (HK$4,018 Mil) to Feb. 2023 (HK$2,918 Mil).

Topsports International Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Topsports International Holdings'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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Topsports International Holdings Accounts Payable & Accrued Expense Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Accounts Payable & Accrued Expense

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9,934.77

4,706.63

2,337.12

4,018.00

2,917.82

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial								3,832.09	4,018.00	2,689.92	2,917.82	2,745.24

Topsports International Holdings 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.

Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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