Mongolia Growth Group (Mongolia Growth Group) Accounts Payable & Accrued Expense

: $0.89 Mil (As of Sep. 2023)

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Mongolia Growth Group's quarterly accounts payable & accrued expense declined from Mar. 2023 ($1.70 Mil) to Jun. 2023 ($0.45 Mil) but then increased from Jun. 2023 ($0.45 Mil) to Sep. 2023 ($0.89 Mil).

Mongolia Growth Group's annual accounts payable & accrued expense increased from Dec. 2020 ($0.36 Mil) to Dec. 2021 ($0.66 Mil) and increased from Dec. 2021 ($0.66 Mil) to Dec. 2022 ($0.92 Mil).

Mongolia Growth Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Mongolia Growth Group'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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Mongolia Growth Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

0.28

0.51

0.36

0.66

0.92

Mongolia Growth Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense																0.71	0.92	1.70	0.45	0.89

Mongolia Growth Group 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.

Mongolia Growth Group (Mongolia Growth Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mongolia Growth Group Ltd (OTCPK:MNGGF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

YAK:Canada

Address

100 King Street West, 56th Floor Suite 5600, First Canadian Place, Toronto, ON, CAN, M5X 1C9

Website

https://www.mongoliagrowthgroup.com

Mongolia Growth Group Ltd is a real estate investment and development company. It owns commercial investment property assets in Ulaanbaatar, Mongolia. The company operates through three segments: investment property operations, subscription products, and corporate. The Investment Property operations consist of commercial and residential investment property in Mongolia held for the purposes of rental revenue, capital appreciation, or redevelopment.