Advanced Braking Technology (ASX:ABV) Accounts Payable & Accrued Expense : A$1.20 Mil (As of Dec. 2023)

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What is Advanced Braking Technology Accounts Payable & Accrued Expense?

Advanced Braking Technology's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$2.16 Mil) to Jun. 2023 (A$2.03 Mil) and declined from Jun. 2023 (A$2.03 Mil) to Dec. 2023 (A$1.20 Mil).

Advanced Braking Technology's annual accounts payable & accrued expense increased from Jun. 2021 (A$1.15 Mil) to Jun. 2022 (A$1.85 Mil) and increased from Jun. 2022 (A$1.85 Mil) to Jun. 2023 (A$2.03 Mil).

Advanced Braking Technology Accounts Payable & Accrued Expense Historical Data

The historical data trend for Advanced Braking Technology'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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Advanced Braking Technology Accounts Payable & Accrued Expense Chart

Advanced Braking Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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1.30

1.17

1.15

1.85

2.03

Advanced Braking Technology 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 & Accrued Expense	Get a 7-Day Free Trial															1.41	1.85	2.16	2.03	1.20

Advanced Braking Technology 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.

Advanced Braking Technology (ASX:ABV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Advanced Braking Technology Ltd (ASX:ABV) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

73 Inspiration Drive, Wangara, WA, AUS, 6065

Website

https://www.advancedbraking.com

Advanced Braking Technology Ltd is an Australian firm engaged in the commercialisation, research, development, and manufacture of the ABT Failsafe Brakes, ABT Failsafe Emergency Driveline Brakes, Terra Dura Brakes, and associated braking systems. It develops its product portfolio for a diverse range of industries such as mining, defense, civil construction, and waste management industries. Geographically, the company generates a majority of its revenue from Australia and exports overseas.

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