Leo Palace21 (STU:MQI) Accounts Payable & Accrued Expense

: €79 Mil (As of Dec. 2023)

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Leo Palace21's quarterly accounts payable & accrued expense declined from Jun. 2023 (€89 Mil) to Sep. 2023 (€88 Mil) and declined from Sep. 2023 (€88 Mil) to Dec. 2023 (€79 Mil).

Leo Palace21's annual accounts payable & accrued expense declined from Mar. 2021 (€108 Mil) to Mar. 2022 (€103 Mil) but then increased from Mar. 2022 (€103 Mil) to Mar. 2023 (€110 Mil).

Leo Palace21 Accounts Payable & Accrued Expense Historical Data

The historical data trend for Leo Palace21'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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Leo Palace21 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

194.86

171.44

108.00

102.66

109.76

Leo Palace21 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense																79.93	109.76	88.84	87.58	79.46

Leo Palace21 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.

Leo Palace21 (STU:MQI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Leo Palace21 Corp (STU:MQI) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

8848:Japan MQI:Germany

Address

2-54-11 Honcho, Nakano-ku, Tokyo, JPN, 164-8622

Website

http://www.leopalace21.co.jp

Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.

Leo Palace21 (STU:MQI) Headlines

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