Meikles (LSE:MIK) Accounts Payable & Accrued Expense : $451 Mil (As of Aug. 2023)

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What is Meikles Accounts Payable & Accrued Expense?

Meikles's quarterly accounts payable & accrued expense increased from Mar. 2022 ($45 Mil) to Sep. 2022 ($61 Mil) and increased from Sep. 2022 ($61 Mil) to Aug. 2023 ($451 Mil).

Meikles's annual accounts payable & accrued expense increased from Mar. 2019 ($3 Mil) to Mar. 2020 ($5 Mil) and increased from Mar. 2020 ($5 Mil) to Mar. 2021 ($13 Mil).

Meikles Accounts Payable & Accrued Expense Historical Data

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

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Accounts Payable & Accrued Expense

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29.00

35.54

2.85

5.21

13.27

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial									13.27	10.65	45.34	61.28	450.60

Meikles 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.

Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.