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China Petroleum & Chemical Corp (NYSE:SNP)
Accounts Payable
$79,651 Mil (As of Jun. 2014)

China Petroleum & Chemical Corp's quarterly accounts payable increased from Dec. 2013 ($62,284 Mil) to Mar. 2014 ($74,371 Mil) and increased from Mar. 2014 ($74,371 Mil) to Jun. 2014 ($79,651 Mil).

China Petroleum & Chemical Corp's annual accounts payable increased from Dec. 2011 ($59,234 Mil) to Dec. 2012 ($59,346 Mil) and increased from Dec. 2012 ($59,346 Mil) to Dec. 2013 ($62,284 Mil).


Definition

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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

China Petroleum & Chemical Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 8,3449,1019,69316,60130,80537,57648,02859,23459,34662,284

China Petroleum & Chemical Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Accts Payable 35,08841,34238,44059,34668,06654,63269,31962,28474,37179,651
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