Wah Fu Education Group Limited Accrued Expenses

Accrued Expenses of WAFU for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accrued Expenses growth rates and interactive chart. Accrued expense is expense which has been incurred but not yet paid. Expense must be recorded in the accounting period in which it is incurred. Therefore, accrued expense must be recognized in the accounting period in which it occurs rather than in the following period in which it will be paid.


Highlights and Quick Summary

  • Accrued Expenses for the quarter ending September 29, 2020 was $809 Thousand (a 140.63% increase compared to previous quarter)
  • Year-over-year quarterly Accrued Expenses increased by 148.77%
  • Annual Accrued Expenses for 2020 was $336 Thousand (a 3.45% increase from previous year)
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Historical Accrued Expenses of Wah Fu Education Group Limited

Most recent Accrued Expensesof WAFU including historical data for past 10 years.

Interactive Chart of Accrued Expenses of Wah Fu Education Group Limited

Wah Fu Education Group Limited Accrued Expenses for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $0.81 $0.34 $0.34
2019 $0.3 $0.33 $0.32

Business Profile of Wah Fu Education Group Limited

Sector: Consumer Defensive
Industry: Education & Training Services
Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in the People's Republic of China. The company operates in two segments, Online Education Services; and Technological Development and Operation Services. The Online Education Services segment offers online education platforms to institutions, such as universities and training institutions, and online course development service companies. This segment provides self-study examination, continuing education, and non-diploma training platforms that allow students to enroll in courses for college credit; vocational education 1+X and higher vocational enrollment expansion teaching and educational administration platform; Huafu e-school system and paperless examination platform; and online training and examination preparation services directly to students. The Technological Development and Operation Services segment develops and maintains online education platforms and online courses for its clients, including universities and government agencies, as well as private clients, such as publishers; and provides consulting, maintenance, and updating services related to online education programs. Wah Fu Education Group Limited was founded in 1999 and is headquartered in Beijing, the People's Republic of China.