Platinum Asia Investments (ASX:PAI) Accounts Payable & Accrued Expense : A$0.70 Mil (As of Dec. 2023)

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What is Platinum Asia Investments Accounts Payable & Accrued Expense?

Platinum Asia Investments's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$1.37 Mil) to Jun. 2023 (A$0.72 Mil) and declined from Jun. 2023 (A$0.72 Mil) to Dec. 2023 (A$0.70 Mil).

Platinum Asia Investments's annual accounts payable & accrued expense increased from Jun. 2021 (A$0.65 Mil) to Jun. 2022 (A$1.49 Mil) but then declined from Jun. 2022 (A$1.49 Mil) to Jun. 2023 (A$0.72 Mil).

Platinum Asia Investments Accounts Payable & Accrued Expense Historical Data

The historical data trend for Platinum Asia Investments'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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Platinum Asia Investments Accounts Payable & Accrued Expense Chart

Platinum Asia Investments Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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3.51

3.08

0.65

1.49

0.72

Platinum Asia Investments Semi-Annual Data
	Dec15	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											0.57	1.49	1.37	0.72	0.70

Platinum Asia Investments 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.

Platinum Asia Investments (ASX:PAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Platinum Asia Investments Ltd (ASX:PAI) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Macquarie Place, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.platinum.com.au

Platinum Asia Investments Ltd is a closed-ended investment company. The company is engaged in the investment of funds internationally into securities of companies. Its objective is to seek long-term capital growth by utilizing the skills of the investment manager and administrator. It benchmarks the performance of its portfolio against the MSCI All Country Asia ex-Japan Net Index. The majority of the investment income is generated from Equity securities. Geographically, it generates the majority of revenue from Greater China.