ARB IOT Group (ARB IOT Group) Accounts Payable & Accrued Expense : $34.83 Mil (As of Dec. 2023)

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What is ARB IOT Group Accounts Payable & Accrued Expense?

ARB IOT Group's quarterly accounts payable & accrued expense declined from Dec. 2022 ($25.39 Mil) to Jun. 2023 ($12.60 Mil) but then increased from Jun. 2023 ($12.60 Mil) to Dec. 2023 ($34.83 Mil).

ARB IOT Group's annual accounts payable & accrued expense declined from Jun. 2021 ($6.80 Mil) to Jun. 2022 ($3.61 Mil) but then increased from Jun. 2022 ($3.61 Mil) to Jun. 2023 ($12.60 Mil).

ARB IOT Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for ARB IOT Group'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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ARB IOT Group Accounts Payable & Accrued Expense Chart

ARB IOT Group Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

6.80

3.61

12.60

ARB IOT Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			-	3.61	25.39	12.60	34.83

ARB IOT Group 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.

ARB IOT Group (ARB IOT Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ARB IOT Group Ltd (NAS:ARBB) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Persiaran Puchong Jaya Selatan, 2nd Floor-09, Pusat Perdagangan IOI, Bandar Puchong Jaya, Puchong, SGR, MYS, 47100

Website

https://www.arbiotgroup.com

ARB IOT Group Ltd is engaged in provision of hardware and software of Internet of Things solutions to meet customers' demand in four business lines, which are IoT Smart Home and Buildings, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. The company delivers holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. The company has two operating segments: Internet of Things ('IoT') and Investment holding and others. It earns its maximum profit from the Internet of Things segment.

ARB IOT Group (ARB IOT Group) Headlines

From GuruFocus

ARB IOT Group Limited Announces Exercise and Closing of Over-Allotment Option in Initial Public Offering

By sperokesalga sperokesalga • 04-25-2023