Hour Loop (Hour Loop) Accounts Payable & Accrued Expense : $6.2 Mil (As of Mar. 2024)

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What is Hour Loop Accounts Payable & Accrued Expense?

Hour Loop's quarterly accounts payable & accrued expense declined from Sep. 2023 ($17.8 Mil) to Dec. 2023 ($9.5 Mil) and declined from Dec. 2023 ($9.5 Mil) to Mar. 2024 ($6.2 Mil).

Hour Loop's annual accounts payable & accrued expense declined from Dec. 2021 ($16.2 Mil) to Dec. 2022 ($13.3 Mil) and declined from Dec. 2022 ($13.3 Mil) to Dec. 2023 ($9.5 Mil).

Hour Loop Accounts Payable & Accrued Expense Historical Data

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

Hour Loop Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

3.58

5.59

16.16

13.34

9.48

Hour Loop Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial												6.75	8.38	17.81	9.48	6.24

Hour Loop 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.

Hour Loop (Hour Loop) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hour Loop Inc (NAS:HOUR) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 164th Avenue North East, Redmond, WA, USA, 98052-7615

Website

https://www.hourloop.com

Hour Loop Inc is a technology-enabled consumer products company that uses machine learning and data analytics to design, develop, market, and sell products. Hour Loop predominantly operates through online retail channels such as Amazon, Walmart, and Hourloop.com. The Company, as an Internet marketplace seller, sells products in multiple categories, including home/garden decor, toys, kitchenware, apparel, and electronics.

Executives

Hillary Hui-chong Bui	director	C/O HOUR LOOP, INC. 8201 164TH AVE. NE, REDMOND WA 98052-7615
Sau Kuen Yu	director, 10 percent owner, officer: Senior Vice President	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Rahul Ray Ratan	officer: Chief Financial Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Sam Lai	director, 10 percent owner, officer: Chief Executive Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Michael Minkin Lenner	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Douglas Ian Branch	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Minghui Gao	director	C/O HOUR LOOP, INC., 8201 164TH AVE NE, #200, REDMOND WA 98052-7615

Hour Loop (Hour Loop) Headlines

From GuruFocus

Hour Loop, Inc. Announces Pricing of $6.0 Million Initial Public Offering

By GlobeNewswire GlobeNewswire • 01-06-2022

Hour Loop, Inc. to Ring Nasdaq Closing Bell

By GuruFocusNews GuruFocusNews • 01-27-2022

UPDATE: Hour Loop Expands Operations with Multiple New Offices in Taiwan

By GuruFocusNews GuruFocusNews • 02-23-2022

Hour Loop Reports Second Quarter 2023 Results

By Marketwired • 08-09-2023

Hour Loop, Inc. Announces Closing of $6.9 Million Initial Public Offering and Full Exercise of Underwriter's Over-Allotment Option

By GuruFocusNews GuruFocusNews • 01-11-2022

Hour Loop, Inc. Announces Pricing of $6.0 Million Initial Public Offering

By GuruFocusNews GuruFocusNews • 01-06-2022

Hour Loop Reports Second Quarter 2023 Results

By GlobeNewswire • 08-09-2023

Hour Loop Expands Operations with Multiple New Offices in Taiwan

By GuruFocusNews GuruFocusNews • 02-22-2022