LBC Express Holdings (PHS:LBC) Accounts Payable & Accrued Expense : ₱2,347 Mil (As of Mar. 2024)

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What is LBC Express Holdings Accounts Payable & Accrued Expense?

LBC Express Holdings's quarterly accounts payable & accrued expense increased from Sep. 2023 (₱1,930 Mil) to Dec. 2023 (₱2,704 Mil) but then declined from Dec. 2023 (₱2,704 Mil) to Mar. 2024 (₱2,347 Mil).

LBC Express Holdings's annual accounts payable & accrued expense increased from Dec. 2021 (₱2,019 Mil) to Dec. 2022 (₱2,421 Mil) and increased from Dec. 2022 (₱2,421 Mil) to Dec. 2023 (₱2,704 Mil).

LBC Express Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for LBC Express Holdings'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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LBC Express Holdings Accounts Payable & Accrued Expense Chart

LBC Express Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2,339.98

1,835.18

2,018.61

2,420.98

2,704.02

LBC Express Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2,311.92	2,087.78	1,930.34	2,704.02	2,346.59

LBC Express Holdings 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.

LBC Express Holdings (PHS:LBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LBC Express Holdings (PHS:LBC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Domestic Airport Road, LBC Hangar, General Aviation Centre, Metro Manila, Pasay, PHL, 1300

Website

https://www.lbcexpressholdings.com

LBC Express Holdings is a Philippines-based holding company engaged in providing logistics and money transfer services. Through the logistics services, the company serves two customer segments, retail customers, and corporate customers. It provides services such as courier, air cargo forwarding, and balikbayan box services to retail customers. To corporate customers, it offers courier and freight forwarding services, corporate solutions, and tailor-made corporate logistics services. In the money transfer services segment, the company comprises both domestic and international money transfer services such as remittances, bill payment collection, and corporate remittance payout services. The firm operates in the Philippines and globally, and generates key revenue from the Logistics segment.