Novo Resources (ASX:NVO) Accounts Payable & Accrued Expense : A$1.50 Mil (As of Mar. 2024)

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What is Novo Resources Accounts Payable & Accrued Expense?

Novo Resources's quarterly accounts payable & accrued expense declined from Sep. 2023 (A$4.24 Mil) to Dec. 2023 (A$3.40 Mil) and declined from Dec. 2023 (A$3.40 Mil) to Mar. 2024 (A$1.50 Mil).

Novo Resources's annual accounts payable & accrued expense declined from Dec. 2021 (A$17.45 Mil) to Dec. 2022 (A$12.66 Mil) and declined from Dec. 2022 (A$12.66 Mil) to Dec. 2023 (A$3.40 Mil).

Novo Resources Accounts Payable & Accrued Expense Historical Data

The historical data trend for Novo Resources'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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Novo Resources Accounts Payable & Accrued Expense Chart

Novo Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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4.83

1.21

17.45

12.66

3.40

Novo Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															4.01	11.14	4.24	3.40	1.50

Novo Resources 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.

Novo Resources (ASX:NVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novo Resources Corp (ASX:NVO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

NSRPF:USA 1NO:Germany NVO:Canada

Address

1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.novoresources.com

Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.