Rincon Resources (ASX:RCR) Accounts Payable & Accrued Expense : A$0.17 Mil (As of Dec. 2023)

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What is Rincon Resources Accounts Payable & Accrued Expense?

Rincon Resources's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$0.10 Mil) to Jun. 2023 (A$0.13 Mil) and increased from Jun. 2023 (A$0.13 Mil) to Dec. 2023 (A$0.17 Mil).

Rincon Resources's annual accounts payable & accrued expense declined from Jun. 2021 (A$0.20 Mil) to Jun. 2022 (A$0.10 Mil) but then increased from Jun. 2022 (A$0.10 Mil) to Jun. 2023 (A$0.13 Mil).

Rincon Resources Accounts Payable & Accrued Expense Historical Data

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

Rincon Resources Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

0.23

0.20

0.10

0.13

Rincon Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			0.35	0.10	0.10	0.13	0.17

Rincon 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.

Rincon Resources (ASX:RCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rincon Resources Ltd (ASX:RCR) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.rinconresources.com.au

Rincon Resources Ltd is engaged in the acquisition, exploration, and development of resource projects in Western Australia with a focus on gold and base metals. Its projects include the South Telfer project, Laverton project, and Kiwirrkurra project. The firm is managed on the basis of the evaluation of its gold and copper exploration tenements in Australia and its corporate activities.

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