Mirvac Group (ASX:MGR) Accounts Payable & Accrued Expense : A$755 Mil (As of Dec. 2023)

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What is Mirvac Group Accounts Payable & Accrued Expense?

Mirvac Group's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$692 Mil) to Jun. 2023 (A$1,139 Mil) but then declined from Jun. 2023 (A$1,139 Mil) to Dec. 2023 (A$755 Mil).

Mirvac Group's annual accounts payable & accrued expense increased from Jun. 2021 (A$704 Mil) to Jun. 2022 (A$932 Mil) and increased from Jun. 2022 (A$932 Mil) to Jun. 2023 (A$1,139 Mil).

Mirvac Group Accounts Payable & Accrued Expense Historical Data

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

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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700.00

490.00

704.00

932.00

1,139.00

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															603.00	932.00	692.00	1,139.00	755.00

Mirvac 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.

Mirvac Group (ASX:MGR) Business Description

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MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

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