AS-IP Tech (AS-IP Tech) Accounts Payable & Accrued Expense : $0.91 Mil (As of Mar. 2023)

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What is AS-IP Tech Accounts Payable & Accrued Expense?

AS-IP Tech's quarterly accounts payable & accrued expense increased from Sep. 2022 ($0.78 Mil) to Dec. 2022 ($0.88 Mil) and increased from Dec. 2022 ($0.88 Mil) to Mar. 2023 ($0.91 Mil).

AS-IP Tech's annual accounts payable & accrued expense declined from Jun. 2020 ($1.24 Mil) to Jun. 2021 ($0.77 Mil) and declined from Jun. 2021 ($0.77 Mil) to Jun. 2022 ($0.72 Mil).

AS-IP Tech Accounts Payable & Accrued Expense Historical Data

The historical data trend for AS-IP Tech'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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AS-IP Tech Accounts Payable & Accrued Expense Chart

AS-IP Tech Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Accounts Payable & Accrued Expense

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0.60

0.85

1.24

0.77

0.72

AS-IP Tech Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.75	0.72	0.78	0.88	0.91

AS-IP Tech 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.

AS-IP Tech (AS-IP Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AS-IP Tech Inc (OTCPK:IPTK) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/15 Castles Drive, Torquay, VIC, AUS, 3228

Website

https://www.asiptech.com

AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.

Executives

Richard Lukso	director	5610 VIA ARBOLADA, TUCSON AZ 85750
Philip Andrew Shiels	director, officer: Chief Financial Officer	88 ELGIN STREET, HAWTHORN C3 3122
Ronald John Chapman	director, 10 percent owner, officer: Chief Executive Officer	160 SILVAN ROAD, WATTLE GLEN C3 3096
Graham Owen Chappell	director	5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182
Van Der Griend Eric Paul	10 percent owner	100 BARKLY STREET, ST. KILDA C3 3182

AS-IP Tech (AS-IP Tech) Headlines

From GuruFocus

AS-IP Tech, Inc. Makes Aviation History

By PRNewswire PRNewswire • 11-30-2021

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 07-13-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-13-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-03-2022

ASIP Tech announces new STC for fflya.

By PRNewswire PRNewswire • 05-08-2023

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-23-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 07-03-2022