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Mirvac Group (ASX:MGR) Accounts Payable : A$755 Mil (As of Dec. 2023)


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What is Mirvac Group Accounts Payable?

Mirvac Group's Accounts Payable for the quarter that ended in Dec. 2023 was A$755 Mil.

Mirvac Group's quarterly Accounts Payable declined from Dec. 2022 (A$692 Mil) to Jun. 2023 (A$68 Mil) but then increased from Jun. 2023 (A$68 Mil) to Dec. 2023 (A$755 Mil).

Mirvac Group's annual Accounts Payable declined from Jun. 2021 (A$50 Mil) to Jun. 2022 (A$47 Mil) but then increased from Jun. 2022 (A$47 Mil) to Jun. 2023 (A$68 Mil).


Mirvac Group Accounts Payable Historical Data

The historical data trend for Mirvac Group's Accounts Payable 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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Mirvac Group Accounts Payable Chart

Mirvac Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 142.00 97.00 50.00 47.00 68.00

Mirvac Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 603.00 47.00 692.00 68.00 755.00

Mirvac Group Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.


Mirvac Group Accounts Payable Related Terms

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Mirvac Group (ASX:MGR) Business Description

Traded in Other Exchanges
Address
200 George Street, Level 28, Sydney, NSW, AUS, 2000
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

Mirvac Group (ASX:MGR) Headlines

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