2 Cheap Cars Group (NZSE:2CC) Accounts Payable & Accrued Expense : NZ$3.32 Mil (As of Sep. 2023)

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What is 2 Cheap Cars Group Accounts Payable & Accrued Expense?

2 Cheap Cars Group's quarterly accounts payable & accrued expense increased from Sep. 2022 (NZ$2.31 Mil) to Mar. 2023 (NZ$2.74 Mil) and increased from Mar. 2023 (NZ$2.74 Mil) to Sep. 2023 (NZ$3.32 Mil).

2 Cheap Cars Group's annual accounts payable & accrued expense declined from Mar. 2021 (NZ$2.10 Mil) to Mar. 2022 (NZ$1.89 Mil) but then increased from Mar. 2022 (NZ$1.89 Mil) to Mar. 2023 (NZ$2.74 Mil).

2 Cheap Cars Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for 2 Cheap Cars 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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2 Cheap Cars Group Accounts Payable & Accrued Expense Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

2.10

1.89

2.74

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			2.42	1.89	2.31	2.74	3.32

2 Cheap Cars 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.

2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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