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RAY (Raytech Holding) Accounts Payable & Accrued Expense : $2.88 Mil (As of Sep. 2024)


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What is Raytech Holding Accounts Payable & Accrued Expense?

Raytech Holding's quarterly accounts payable & accrued expense increased from Sep. 2023 ($2.89 Mil) to Mar. 2024 ($3.28 Mil) but then declined from Mar. 2024 ($3.28 Mil) to Sep. 2024 ($2.88 Mil).

Raytech Holding's annual accounts payable & accrued expense increased from Mar. 2022 ($0.75 Mil) to Mar. 2023 ($1.24 Mil) and increased from Mar. 2023 ($1.24 Mil) to Mar. 2024 ($3.28 Mil).

Raytech Holding Accounts Payable & Accrued Expense Historical Data

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

Raytech Holding Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Accounts Payable & Accrued Expense
0.63 0.75 1.24 3.28

Raytech Holding Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial 1.55 1.24 2.89 3.28 2.88

Raytech Holding 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.

Raytech Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raytech Holding Ltd (NAS:RAY) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
No.19 Lam Lok Street, Unit 609, 6th Floor, Nan Fung Commercial Centre, Kowloon Bay, Hong Kong, HKG
Website
https://www.raytech.com.hk
Raytech Holding Ltd is principally engaged in product designing and manufacturing of various product ranges such as Hair Care, Men's Care and Women's Care products. It has sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven categories: hair styling series, including hair dryer, hair straightener and curling iron; trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; eyelash curler; neck care series; nail care series; tooling and other personal care appliances such as body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. Raytech manufactures products under OEM and ODM.