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Hitek Global (Hitek Global) Accounts Payable & Accrued Expense : $2.71 Mil (As of Dec. 2023)


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What is Hitek Global Accounts Payable & Accrued Expense?

Hitek Global's quarterly accounts payable & accrued expense declined from Dec. 2022 ($2.72 Mil) to Jun. 2023 ($2.58 Mil) but then increased from Jun. 2023 ($2.58 Mil) to Dec. 2023 ($2.71 Mil).

Hitek Global's annual accounts payable & accrued expense increased from Dec. 2021 ($2.00 Mil) to Dec. 2022 ($2.72 Mil) but then declined from Dec. 2022 ($2.72 Mil) to Dec. 2023 ($2.71 Mil).

Hitek Global Accounts Payable & Accrued Expense Historical Data

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

Hitek Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial 1.20 1.63 2.00 2.72 2.71

Hitek Global Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 2.19 2.72 2.58 2.71

Hitek Global 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.

Hitek Global (Hitek Global) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitek Global Inc (NAS:HKIT) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
4JX:Germany
Address
No. 30 Guanri Road, Siming District, Unit 304, Fujian Province, Phase II, Software Park, Xiamen, CHN
Website
http://www.xmhitek.com
Hitek Global Inc is a provider of information technology consulting and solutions services. The company has two lines of businesses such as services to small and medium businesses, which consist of Anti-Counterfeiting Tax Control System tax devices, including Golden Tax Disk and printers, ACTCS services, and IT services; and services to large businesses, which include hardware sales and software sales. It generates revenues from hardware sales, software sales, IT services, and tax devices and services.