X2M Connect (ASX:X2M) Accounts Payable & Accrued Expense : A$5.54 Mil (As of Dec. 2023)

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What is X2M Connect Accounts Payable & Accrued Expense?

X2M Connect's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$3.63 Mil) to Jun. 2023 (A$6.41 Mil) but then declined from Jun. 2023 (A$6.41 Mil) to Dec. 2023 (A$5.54 Mil).

X2M Connect's annual accounts payable & accrued expense increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$2.24 Mil) and increased from Jun. 2022 (A$2.24 Mil) to Jun. 2023 (A$6.41 Mil).

X2M Connect Accounts Payable & Accrued Expense Historical Data

The historical data trend for X2M Connect'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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X2M Connect Accounts Payable & Accrued Expense Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Accounts Payable & Accrued Expense

2.24

6.41

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			1.38	2.24	3.63	6.41	5.54

X2M Connect 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.

X2M Connect (ASX:X2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

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