Sitoy Group Holdings (HKSE:01023) Accounts Payable & Accrued Expense : HK$273 Mil (As of Dec. 2023)

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What is Sitoy Group Holdings Accounts Payable & Accrued Expense?

Sitoy Group Holdings's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$299 Mil) to Jun. 2023 (HK$290 Mil) and declined from Jun. 2023 (HK$290 Mil) to Dec. 2023 (HK$273 Mil).

Sitoy Group Holdings's annual accounts payable & accrued expense declined from Jun. 2021 (HK$333 Mil) to Jun. 2022 (HK$315 Mil) and declined from Jun. 2022 (HK$315 Mil) to Jun. 2023 (HK$290 Mil).

Sitoy Group Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Sitoy Group Holdings'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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Sitoy Group Holdings Accounts Payable & Accrued Expense Chart

Sitoy Group Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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380.68

239.79

332.88

314.98

290.50

Sitoy Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															367.29	314.98	299.49	290.50	273.28

Sitoy Group Holdings 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.

Sitoy Group Holdings (HKSE:01023) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sitoy Group Holdings Ltd (HKSE:01023) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

164 Wai Yip Street, Kwun Tong, 9th Floor, Sitoy Tower, Kowloon, Hong Kong, HKG

Website

https://www.sitoy.com

Sitoy Group Holdings Ltd primarily serves as a contract manufacturer of handbags, small leather goods, and travel goods for high-end and luxury brand customers. Sitoy's contract manufacturing business generates Most of the company's total revenue. Sitoy also has a retail segment, where the company manufactures products that it sells under its own or licensed brand names in company-operated retail stores or online. Sitoy's brands include Tuscans and Fashion and Joy. It also has an exclusive license to sell Kenneth Cole and Bruno Magli products in China and Hong Kong.

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