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China Information Technology Inc (NAS:CNIT)
Accounts Payable
{IF BankInsurance_zone 1}
$61.85 Mil (As of )Dec. 2014)
{IF AP_Q_zone 1}{ELSE} {/IF}

China Information Technology Incs quarterly accounts payable increased from Dec. 2013 ($64.42 Mil) to Jun. 2014 ($64.42 Mil) but then declined from Jun. 2014 ($71.68 Mil) to Dec. 2014 ($61.85 Mil)

China Information Technology Incs quarterly accounts payable increased from Dec. 2012 ($33.80 Mil) to Dec. 2013 ($33.80 Mil) but then declined from Dec. 2013 ($64.42 Mil) to Dec. 2014 ($61.85 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

{data_exp}

China Information Technology Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Accts Payable 0.000.003.0816.6654.0954.1532.9833.8064.4261.85
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Sep11Dec11Mar12Jun12Sep12Dec12Jun13Dec13Jun14Dec14
Accts Payable 62.1332.9864.9861.7570.0933.8034.0664.4271.6861.85
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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