Rare Earth Magnesium Technology Group Holdings (STU:GPS) Accounts Payable & Accrued Expense : €5.14 Mil (As of Dec. 2023)

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What is Rare Earth Magnesium Technology Group Holdings Accounts Payable & Accrued Expense?

Rare Earth Magnesium Technology Group Holdings's quarterly accounts payable & accrued expense increased from Dec. 2022 (€4.69 Mil) to Jun. 2023 (€5.80 Mil) but then declined from Jun. 2023 (€5.80 Mil) to Dec. 2023 (€5.14 Mil).

Rare Earth Magnesium Technology Group Holdings's annual accounts payable & accrued expense declined from Dec. 2021 (€21.07 Mil) to Dec. 2022 (€4.69 Mil) but then increased from Dec. 2022 (€4.69 Mil) to Dec. 2023 (€5.14 Mil).

Rare Earth Magnesium Technology Group Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Rare Earth Magnesium Technology Group 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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Rare Earth Magnesium Technology Group Holdings Accounts Payable & Accrued Expense Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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8.59

14.20

21.07

4.69

5.14

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															21.07	25.02	4.69	5.80	5.14

Rare Earth Magnesium Technology Group 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.

Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rare Earth Magnesium Technology Group Holdings Ltd (STU:GPS) » Definitions » Accounts Payable & Accrued Expense

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00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.