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Philippine Racing Club (PHS:PRC) Accounts Payable & Accrued Expense : ₱507.0 Mil (As of Jun. 2024)


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What is Philippine Racing Club Accounts Payable & Accrued Expense?

Philippine Racing Club's quarterly accounts payable & accrued expense declined from Dec. 2023 (₱500.9 Mil) to Mar. 2024 (₱500.5 Mil) but then increased from Mar. 2024 (₱500.5 Mil) to Jun. 2024 (₱507.0 Mil).

Philippine Racing Club's annual accounts payable & accrued expense increased from Dec. 2021 (₱484.4 Mil) to Dec. 2022 (₱608.4 Mil) but then declined from Dec. 2022 (₱608.4 Mil) to Dec. 2023 (₱500.9 Mil).

Philippine Racing Club Accounts Payable & Accrued Expense Historical Data

The historical data trend for Philippine Racing Club'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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Philippine Racing Club Accounts Payable & Accrued Expense Chart

Philippine Racing Club Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 430.12 440.94 484.40 608.40 500.89

Philippine Racing Club Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 621.65 595.52 500.89 500.46 507.01

Philippine Racing Club 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.

Philippine Racing Club Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Philippine Racing Club Inc (PHS:PRC) » Definitions » Accounts Payable & Accrued Expense
Comparable Companies
PHS:INFRA PHS:ALHI PHS:ARA PHS:ELI PHS:BRN PHS:MRC PHS:PRMX PHS:SOC PHS:JAS PHS:OM HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979
Traded in Other Exchanges
N/A
Address
Saddle and Clubs Leisure Park, Barangay Sabang, Cavite, Naic, PHL, 1207
Website
http://www.prci.com.ph
Philippine Racing Club Inc is involved in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations. It is also engaged in acquiring and developing real properties including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. The company's reportable segment involves Real Estate Operations, Club Racing Operations, and Leasing and Sale of Food, beverages, and Services. It derives key revenue from the real estate sales activity.

Philippine Racing Club Headlines

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