Itoco (ITMC) Accounts Payable & Accrued Expense : $0.66 Mil (As of Sep. 2010)

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What is Itoco Accounts Payable & Accrued Expense?

Itoco's quarterly accounts payable & accrued expense declined from Mar. 2010 ($1.46 Mil) to Jun. 2010 ($0.98 Mil) and declined from Jun. 2010 ($0.98 Mil) to Sep. 2010 ($0.66 Mil).

Itoco's annual accounts payable & accrued expense increased from . 20 ($0.00 Mil) to Dec. 2008 ($1.54 Mil) but then declined from Dec. 2008 ($1.54 Mil) to Dec. 2009 ($1.37 Mil).

Itoco Accounts Payable & Accrued Expense Historical Data

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

Itoco Annual Data

Trend

Dec08

Dec09

Accounts Payable & Accrued Expense

1.54

1.37

Itoco Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial						-	1.37	1.46	0.98	0.66

Itoco 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.

Itoco (ITMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Itoco Inc (OTCPK:ITMC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

https://www.itoco.net

Itoco Inc is focused on developing and bringing biotech products to the market via co-development and joint venture arrangements with various companies. The company is currently examining various technologies that seek to control and/or identify bio-contaminants such as viruses and bacteria.