Able Engineering Holdings (HKSE:01627) Accounts Payable & Accrued Expense : HK$2,817 Mil (As of Sep. 2023)

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What is Able Engineering Holdings Accounts Payable & Accrued Expense?

Able Engineering Holdings's quarterly accounts payable & accrued expense increased from Sep. 2022 (HK$1,675 Mil) to Mar. 2023 (HK$2,504 Mil) and increased from Mar. 2023 (HK$2,504 Mil) to Sep. 2023 (HK$2,817 Mil).

Able Engineering Holdings's annual accounts payable & accrued expense increased from Mar. 2021 (HK$470 Mil) to Mar. 2022 (HK$750 Mil) and increased from Mar. 2022 (HK$750 Mil) to Mar. 2023 (HK$2,504 Mil).

Able Engineering Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Able Engineering 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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Able Engineering Holdings Accounts Payable & Accrued Expense Chart

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

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368.27

538.09

470.15

749.58

2,503.98

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													1,012.16	749.58	1,675.27	2,503.98	2,816.94

Able Engineering 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.

Able Engineering Holdings (HKSE:01627) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

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