Melco Crown Entertainment (HKSE:06883) Accounts Payable & Accrued Expense : HK$7,582 Mil (As of Mar. 2024)

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What is Melco Crown Entertainment Accounts Payable & Accrued Expense?

Melco Crown Entertainment's quarterly accounts payable & accrued expense declined from Sep. 2023 (HK$7,498 Mil) to Dec. 2023 (HK$5,070 Mil) but then increased from Dec. 2023 (HK$5,070 Mil) to Mar. 2024 (HK$7,582 Mil).

Melco Crown Entertainment's annual accounts payable & accrued expense declined from Dec. 2021 (HK$4,279 Mil) to Dec. 2022 (HK$3,869 Mil) but then increased from Dec. 2022 (HK$3,869 Mil) to Dec. 2023 (HK$5,070 Mil).

Melco Crown Entertainment Accounts Payable & Accrued Expense Historical Data

The historical data trend for Melco Crown Entertainment'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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Melco Crown Entertainment Accounts Payable & Accrued Expense Chart

Melco Crown Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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5,335.41

3,847.72

4,279.48

3,868.51

5,070.22

Melco Crown Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															6,974.50	7,841.46	7,497.70	5,070.22	7,581.53

Melco Crown Entertainment 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.

Melco Crown Entertainment (HKSE:06883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Crown Entertainment Ltd (HKSE:06883) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MLCO:USA 0A2P:UK MAS:Germany M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.

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