Cirtek Holdings Philippines (PHS:TCB2C.PFD) Accounts Payable & Accrued Expense : ₱953.06 Mil (As of Mar. 2024)

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What is Cirtek Holdings Philippines Accounts Payable & Accrued Expense?

Cirtek Holdings Philippines's quarterly accounts payable & accrued expense increased from Sep. 2023 (₱737.04 Mil) to Dec. 2023 (₱1,015.88 Mil) but then declined from Dec. 2023 (₱1,015.88 Mil) to Mar. 2024 (₱953.06 Mil).

Cirtek Holdings Philippines's annual accounts payable & accrued expense increased from Dec. 2021 (₱1,107.97 Mil) to Dec. 2022 (₱1,231.90 Mil) but then declined from Dec. 2022 (₱1,231.90 Mil) to Dec. 2023 (₱1,015.88 Mil).

Cirtek Holdings Philippines Accounts Payable & Accrued Expense Historical Data

The historical data trend for Cirtek Holdings Philippines'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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Cirtek Holdings Philippines Accounts Payable & Accrued Expense Chart

Cirtek Holdings Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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569.79

671.87

1,107.97

1,231.90

1,015.88

Cirtek Holdings Philippines 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															1,115.66	771.36	737.04	1,015.88	953.06

Cirtek Holdings Philippines 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.

Cirtek Holdings Philippines (PHS:TCB2C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirtek Holdings Philippines Corp (PHS:TCB2C.PFD) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

TCB2B.PFD:Philippines TCB2A.PFD:Philippines TECH:Philippines

Address

116 East Main Avenue, Phase V-SEZ Laguna Technopark, Laguna, Binan, PHL, 4024

Website

https://www.cirtekholdings.com

Cirtek Holdings Philippines Corp through its subsidiaries is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and the manufacture of integrated technology products. The company performs three activities which include the design, development, and delivery of the wireless industry's antenna solutions; the manufacture of value-added, integrated technology products; and the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test, and packaging services.

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