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Fitell (Fitell) Accounts Payable & Accrued Expense : $1.54 Mil (As of Dec. 2023)


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What is Fitell Accounts Payable & Accrued Expense?

Fitell's quarterly accounts payable & accrued expense declined from Dec. 2022 ($1.75 Mil) to Jun. 2023 ($1.68 Mil) and declined from Jun. 2023 ($1.68 Mil) to Dec. 2023 ($1.54 Mil).

Fitell's annual accounts payable & accrued expense increased from Jun. 2021 ($1.43 Mil) to Jun. 2022 ($1.56 Mil) and increased from Jun. 2022 ($1.56 Mil) to Jun. 2023 ($1.68 Mil).

Fitell Accounts Payable & Accrued Expense Historical Data

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

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Accounts Payable & Accrued Expense
1.43 1.56 1.68

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial - 1.56 1.75 1.68 1.54

Fitell 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.

Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.