Mincon Group (LSE:MCON) Accounts Payable & Accrued Expense : £10.5 Mil (As of Dec. 2023)

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What is Mincon Group Accounts Payable & Accrued Expense?

Mincon Group's quarterly accounts payable & accrued expense declined from Dec. 2022 (£13.9 Mil) to Jun. 2023 (£13.9 Mil) and declined from Jun. 2023 (£13.9 Mil) to Dec. 2023 (£10.5 Mil).

Mincon Group's annual accounts payable & accrued expense declined from Dec. 2021 (£14.6 Mil) to Dec. 2022 (£13.9 Mil) and declined from Dec. 2022 (£13.9 Mil) to Dec. 2023 (£10.5 Mil).

Mincon Group Accounts Payable & Accrued Expense Historical Data

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

Mincon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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10.28

11.18

14.55

13.92

10.49

Mincon Group 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															14.55	17.65	13.92	13.85	10.49

Mincon Group 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.

Mincon Group (LSE:MCON) Business Description

Industry

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Traded in Other Exchanges

MIO:Ireland MIO:Germany

Address

Smithstown Industrial Estate, County Clare, Shannon, IRL

Website

https://www.mincon.com

Mincon Group PLC is an Irish engineering company. The company is engaged in the designing, manufacturing, selling and servicing of rock drilling tools and associated products. It provides after sales support and service to customers through its network of sales and distribution companies in international markets. Most of the revenue is derived from the sale of drilling equipment and other products that are manufactured by its manufacturing sites. Geographically, it derives maximum revenue from Europe, Middle East, Africa and has a presence in Ireland, America, and Australasia.

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