Luxxu Group (HKSE:01327) Accounts Payable & Accrued Expense : HK$3.05 Mil (As of Dec. 2023)

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What is Luxxu Group Accounts Payable & Accrued Expense?

Luxxu Group's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$4.83 Mil) to Jun. 2023 (HK$0.28 Mil) but then increased from Jun. 2023 (HK$0.28 Mil) to Dec. 2023 (HK$3.05 Mil).

Luxxu Group's annual accounts payable & accrued expense declined from Dec. 2021 (HK$5.06 Mil) to Dec. 2022 (HK$4.83 Mil) and declined from Dec. 2022 (HK$4.83 Mil) to Dec. 2023 (HK$3.05 Mil).

Luxxu Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Luxxu 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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Luxxu Group Accounts Payable & Accrued Expense Chart

Luxxu Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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6.57

1.33

5.06

4.83

3.05

Luxxu 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 & Accrued Expense	Get a 7-Day Free Trial															5.06	0.29	4.83	0.28	3.05

Luxxu 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.

Luxxu Group (HKSE:01327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luxxu Group Ltd (HKSE:01327) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, Unit 2302, 23rd Floor, New World Tower 1, Hong Kong, HKG

Website

http://www.luxxu.hk

Luxxu Group Ltd is an investment company engaged in the manufacturing and sales of own-branded watches and jewelry, including but not limited to diamond watches, tourbillion watches and luxury jewelry accessories, OEM watches, and third-party watches. Geographically, it operates in Asia, the PRC, and Europe, with Asia deriving the majority of the revenue. It derives key revenue from the sale of branded watches.

Executives

Lin Zhiqiang	2201 Interest of corporation controlled by you
Visual Wise Limited	2101 Beneficial owner

Luxxu Group (HKSE:01327) Headlines

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