Ghana Oil Co (XGHA:GOIL) Accounts Payable & Accrued Expense : GHS2,723 Mil (As of Dec. 2023)

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What is Ghana Oil Co Accounts Payable & Accrued Expense?

Ghana Oil Co's quarterly accounts payable & accrued expense increased from Dec. 2021 (GHS1,493 Mil) to Dec. 2022 (GHS3,519 Mil) but then declined from Dec. 2022 (GHS3,519 Mil) to Dec. 2023 (GHS2,723 Mil).

Ghana Oil Co's annual accounts payable & accrued expense increased from Dec. 2021 (GHS1,493 Mil) to Dec. 2022 (GHS3,519 Mil) but then declined from Dec. 2022 (GHS3,519 Mil) to Dec. 2023 (GHS2,723 Mil).

Ghana Oil Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ghana Oil Co'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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Ghana Oil Co Accounts Payable & Accrued Expense Chart

Ghana Oil Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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907.41

1,067.53

1,493.47

3,519.16

2,722.98

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										907.41	1,067.53	1,493.47	3,519.16	2,722.98

Ghana Oil Co 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.

Ghana Oil Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

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