Commerce Resources (Commerce Resources) Accounts Payable & Accrued Expense : $0.14 Mil (As of Jan. 2024)

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What is Commerce Resources Accounts Payable & Accrued Expense?

Commerce Resources's quarterly accounts payable & accrued expense declined from Jul. 2023 ($0.89 Mil) to Oct. 2023 ($0.33 Mil) and declined from Oct. 2023 ($0.33 Mil) to Jan. 2024 ($0.14 Mil).

Commerce Resources's annual accounts payable & accrued expense increased from Oct. 2021 ($0.75 Mil) to Oct. 2022 ($1.04 Mil) but then declined from Oct. 2022 ($1.04 Mil) to Oct. 2023 ($0.33 Mil).

Commerce Resources Accounts Payable & Accrued Expense Historical Data

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

Commerce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Payable & Accrued Expense

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0.75

0.77

0.75

1.04

0.33

Commerce Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.45	0.61	0.89	0.33	0.14

Commerce 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.

Commerce Resources (Commerce Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Commerce Resources Corp (OTCPK:CMRZF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

D7H0:Germany CCE:Canada

Address

789 West Pender, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.commerceresources.com

Commerce Resources Corp is an exploration stage company based in Canada. It engages in the business of acquiring, exploring, developing, and evaluating mineral resource properties. The company is specifically focused on the development of the Ashram Rare Earth Project at the Eldor Property in Quebec, and the Blue River Tantalum and Niobium Project in British Columbia.