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China Petroleum & Chemical Corp's quarterly accounts payable declined from Sep. 2013 ($69,512 Mil) to Dec. 2013 ($62,521 Mil) but then increased from Dec. 2013 ($62,521 Mil) to Mar. 2014 ($73,750 Mil).
China Petroleum & Chemical Corp's annual accounts payable increased from Dec. 2011 ($59,524 Mil) to Dec. 2012 ($70,767 Mil) but then declined from Dec. 2012 ($70,767 Mil) to Dec. 2013 ($62,521 Mil).
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.
* 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
China Petroleum & Chemical Corp Quarterly Data