The9 (NCTY) Accounts Payable & Accrued Expense : $9.24 Mil (As of Dec. 2023)

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What is The9 Accounts Payable & Accrued Expense?

The9's quarterly accounts payable & accrued expense declined from Dec. 2022 ($13.85 Mil) to Jun. 2023 ($10.59 Mil) and declined from Jun. 2023 ($10.59 Mil) to Dec. 2023 ($9.24 Mil).

The9's annual accounts payable & accrued expense declined from Dec. 2021 ($32.40 Mil) to Dec. 2022 ($13.85 Mil) and declined from Dec. 2022 ($13.85 Mil) to Dec. 2023 ($9.24 Mil).

The9 Accounts Payable & Accrued Expense Historical Data

The historical data trend for The9'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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The9 Accounts Payable & Accrued Expense Chart

The9 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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30.30

23.33

32.40

13.85

9.24

The9 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															32.40	23.13	13.85	10.59	9.24

The9 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.

The9 (NCTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The9 Ltd (NAS:NCTY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

FZK0:Germany

Address

17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai, CHN, 200080

Website

https://www.the9.com

The9 Ltd is engaged in developing and operating online games and related services in China. It operates and develops proprietary and licensed online games, and proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in Greater China (including PRC, Taiwan, Hong Kong, and Macau) and other areas.