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Comms Group (ASX:CCG) Accounts Payable & Accrued Expense : A$6.78 Mil (As of Jun. 2024)


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What is Comms Group Accounts Payable & Accrued Expense?

Comms Group's quarterly accounts payable & accrued expense increased from Jun. 2023 (A$6.14 Mil) to Dec. 2023 (A$6.98 Mil) but then declined from Dec. 2023 (A$6.98 Mil) to Jun. 2024 (A$6.78 Mil).

Comms Group's annual accounts payable & accrued expense increased from Jun. 2022 (A$5.19 Mil) to Jun. 2023 (A$6.14 Mil) and increased from Jun. 2023 (A$6.14 Mil) to Jun. 2024 (A$6.78 Mil).


Comms Group Accounts Payable & Accrued Expense Historical Data

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

Comms Group Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial 2.20 3.88 5.19 6.14 6.78

Comms Group Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.19 5.24 6.14 6.98 6.78

Comms 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.


Comms Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Comms Group Ltd (ASX:CCG) » Definitions » Accounts Payable & Accrued Expense
Traded in Other Exchanges
N/A
Address
45 Clarence Street, Level 3, Sydney, NSW, AUS, 2000
Comms Group Ltd is an information and communication technology (ICT) business, providing a comprehensive vendor-agnostic ICT managed service. The company's segment includes Global; SME and ICT. It generates revenue from Voice; Data and Managed service. Geographically, It derives revenue from Australia. The company's product categories include Connect; Collaborate and Manage. The company generates the majority of its revenue from the SME segment.