Phoenix Group (ADX:PHX) Accounts Payable & Accrued Expense : د.إ69 Mil (As of Sep. 2024)

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What is Phoenix Group Accounts Payable & Accrued Expense?

Phoenix Group's quarterly accounts payable & accrued expense increased from Mar. 2024 (د.إ6 Mil) to Jun. 2024 (د.إ19 Mil) and increased from Jun. 2024 (د.إ19 Mil) to Sep. 2024 (د.إ69 Mil).

Phoenix Group's annual accounts payable & accrued expense declined from Dec. 2021 (د.إ1,374 Mil) to Dec. 2022 (د.إ175 Mil) but then increased from Dec. 2022 (د.إ175 Mil) to Dec. 2023 (د.إ203 Mil).

Phoenix Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Phoenix 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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Phoenix Group Accounts Payable & Accrued Expense Chart

Phoenix Group Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

1,373.56

174.62

203.14

Phoenix Group Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial				407.37	203.14	6.04	18.51	68.64

Phoenix 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.

Phoenix Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Phoenix Group PLC (ADX:PHX) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3412. ResCo-Work 10, 34 Floor, Al Maqam Tower, ADGM Square, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.phoenixgroupuae.com

Phoenix Group PLC is a technology conglomerate bringing blockchain solutions to an expansive market. The Group develops, operates, and manages specialized data centres, hosting class performance computing power for digital asset across the UAE, Oman, U.S. and Canada. Additionally, it also hosts, operates and maintains equipment within its existing data centres and enables investment opportunities within cloud mining. The Group is the exclusive distributor of equipment manufacturer MicroBT and prominent distributor of Digital wallet Ledgers and CoolWallets, across the Middle East. The Group has four business verticals including trading, hosting, mining and investments.