McGrath (ASX:MEA) Accounts Payable & Accrued Expense : A$14.51 Mil (As of Dec. 2023)

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What is McGrath Accounts Payable & Accrued Expense?

McGrath's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$13.52 Mil) and increased from Jun. 2023 (A$13.52 Mil) to Dec. 2023 (A$14.51 Mil).

McGrath's annual accounts payable & accrued expense declined from Jun. 2021 (A$23.65 Mil) to Jun. 2022 (A$17.51 Mil) and declined from Jun. 2022 (A$17.51 Mil) to Jun. 2023 (A$13.52 Mil).

McGrath Accounts Payable & Accrued Expense Historical Data

The historical data trend for McGrath'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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McGrath Accounts Payable & Accrued Expense Chart

McGrath Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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13.04

19.04

23.65

17.51

13.52

McGrath Semi-Annual Data
	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												24.30	17.51	-	13.52	14.51

McGrath 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.

McGrath (ASX:MEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » McGrath Ltd (ASX:MEA) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Pyrmont Street, Pyrmont, NSW, AUS, 2009

Website

https://www.mcgrath.com.au

McGrath Ltd is a real estate company. It provides a range of services including residential property sales, property management, mortgage broking, auction services, and career training. It operates in the following segments: Company owned sales; Company owned property management; Franchise services; and Other. Geographically, all the business activities of the group function through Australia. The majority of its revenue gets derived from Company owned sales segment that comprises company-owned sales offices for which McGrath earns sales commission revenue including property marketing fees paid by vendor clients.

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