Virnect Co (XKRX:438700) Accounts Payable & Accrued Expense : ₩661 Mil (As of Mar. 2025)

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What is Virnect Co Accounts Payable & Accrued Expense?

Virnect Co's quarterly accounts payable & accrued expense increased from Sep. 2024 (₩898 Mil) to Dec. 2024 (₩1,002 Mil) but then declined from Dec. 2024 (₩1,002 Mil) to Mar. 2025 (₩661 Mil).

Virnect Co's annual accounts payable & accrued expense declined from Dec. 2022 (₩1,862 Mil) to Dec. 2023 (₩1,378 Mil) and declined from Dec. 2023 (₩1,378 Mil) to Dec. 2024 (₩1,002 Mil).

Virnect Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Virnect 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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Virnect Co Accounts Payable & Accrued Expense Chart

Virnect Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Accounts Payable & Accrued Expense

727.65

1,862.33

1,378.09

1,002.37

Virnect Co Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial								949.50	606.15	898.22	1,002.37	660.81

Virnect 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.

Virnect Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virnect Co Ltd (XKRX:438700) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-15, Hangang-daero 7-gil, Vernect Experience Center, Yongsan-gu, Seoul, KOR

Website

https://www.virnect.com

Virnect Co Ltd is a technology company that leads XR technology trends and specializes in developing XR solutions that can solve problems in the industrial field. It provides products and services for 3D real-time visualization, virtual and augmented reality, remote monitoring and operation, and telecommunication access. Its product offering comprises VIRNECT Remote, VIRNECT Make, VIRNECT View, VIRNECT Twin, VIRNECT Track, and XR Devices.

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