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GLXG (Galaxy Payroll Group) Accounts Payable & Accrued Expense : $1.71 Mil (As of Jun. 2024)


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What is Galaxy Payroll Group Accounts Payable & Accrued Expense?

Galaxy Payroll Group's quarterly accounts payable & accrued expense increased from Jun. 2023 ($1.55 Mil) to Dec. 2023 ($1.72 Mil) but then declined from Dec. 2023 ($1.72 Mil) to Jun. 2024 ($1.71 Mil).

Galaxy Payroll Group's annual accounts payable & accrued expense increased from Jun. 2022 ($1.03 Mil) to Jun. 2023 ($1.55 Mil) and increased from Jun. 2023 ($1.55 Mil) to Jun. 2024 ($1.71 Mil).

Galaxy Payroll Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Galaxy Payroll Group'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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Galaxy Payroll Group Accounts Payable & Accrued Expense Chart

Galaxy Payroll Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Accounts Payable & Accrued Expense
2.07 1.03 1.55 1.71

Galaxy Payroll Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial 1.03 0.94 1.55 1.72 1.71

Galaxy Payroll Group 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.

Galaxy Payroll Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Galaxy Payroll Group Ltd (NAS:GLXG) » Definitions » Accounts Payable & Accrued Expense
Comparable Companies
Traded in Other Exchanges
N/A
Address
77 Wing Lok Street, 25th Floor, Ovest, Sheung Wan, Hong Kong, HKG
Website
https://www.galaxy-hk.com
Galaxy Payroll Group Ltd provides payroll outsourcing, employment, consultancy, and market research services based in Hong Kong. Its client base includes retail, trading, industrial, IT, financial, and professional services industries. Geographically, the company derives maximum revenue from its clients in the People's Republic of China and the rest from Hong Kong, Macau, Taiwan, Japan, Thailand, Singapore, and other countries.