Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Accounts Payable & Accrued Expense : $18,397 Mil (As of Dec. 2023)

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What is Industrial And Commercial Bank Of China Accounts Payable & Accrued Expense?

Industrial And Commercial Bank Of China's quarterly accounts payable & accrued expense increased from Jun. 2023 ($14,899 Mil) to Sep. 2023 ($16,757 Mil) and increased from Sep. 2023 ($16,757 Mil) to Dec. 2023 ($18,397 Mil).

Industrial And Commercial Bank Of China's annual accounts payable & accrued expense declined from Dec. 2021 ($23,547 Mil) to Dec. 2022 ($21,729 Mil) and declined from Dec. 2022 ($21,729 Mil) to Dec. 2023 ($18,397 Mil).

Industrial And Commercial Bank Of China Accounts Payable & Accrued Expense Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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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Industrial And Commercial Bank Of China Accounts Payable & Accrued Expense Chart

Industrial And Commercial Bank Of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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20,659.85

21,078.71

23,547.33

21,728.85

18,397.38

Industrial And Commercial Bank Of China Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															21,728.85	18,490.62	14,899.18	16,756.74	18,397.38

Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (OTCPK:IDCBY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

IDCBF:USA 01398:Hong Kong ICK:Germany ICK:Germany 601398:China

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

http://www.icbc-ltd.com

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines

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