TRSG (Tungray Technologies) Accounts Payable & Accrued Expense : $3.68 Mil (As of Jun. 2024)

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What is Tungray Technologies Accounts Payable & Accrued Expense?

Tungray Technologies's quarterly accounts payable & accrued expense increased from Jun. 2023 ($4.54 Mil) to Dec. 2023 ($4.65 Mil) but then declined from Dec. 2023 ($4.65 Mil) to Jun. 2024 ($3.68 Mil).

Tungray Technologies's annual accounts payable & accrued expense increased from Dec. 2021 ($5.42 Mil) to Dec. 2022 ($5.49 Mil) but then declined from Dec. 2022 ($5.49 Mil) to Dec. 2023 ($4.65 Mil).

Tungray Technologies Accounts Payable & Accrued Expense Historical Data

The historical data trend for Tungray Technologies'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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Tungray Technologies Accounts Payable & Accrued Expense Chart

Tungray Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

4.95

5.42

5.49

4.65

Tungray Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			4.97	5.49	4.54	4.65	3.68

Tungray Technologies 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.

Tungray Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tungray Technologies Inc (NAS:TRSG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933

Website

https://www.tungray.tech

Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics, and home appliance industries. It predominantly generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment. Geographically, the company generates a majority of its revenue from Singapore and the rest from China.