First Tractor Co (HKSE:00038) Accounts Payable & Accrued Expense : HK$4,689 Mil (As of Mar. 2024)

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What is First Tractor Co Accounts Payable & Accrued Expense?

First Tractor Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (HK$6,227 Mil) to Dec. 2023 (HK$3,071 Mil) but then increased from Dec. 2023 (HK$3,071 Mil) to Mar. 2024 (HK$4,689 Mil).

First Tractor Co's annual accounts payable & accrued expense increased from Dec. 2021 (HK$2,915 Mil) to Dec. 2022 (HK$2,956 Mil) and increased from Dec. 2022 (HK$2,956 Mil) to Dec. 2023 (HK$3,071 Mil).

First Tractor Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for First Tractor Co'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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First Tractor Co Accounts Payable & Accrued Expense Chart

First Tractor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,885.59

2,504.00

2,915.37

2,955.78

3,070.95

First Tractor Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															6,423.75	6,048.57	6,226.66	3,070.95	4,688.79

First Tractor Co 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.

First Tractor Co (HKSE:00038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » First Tractor Co Ltd (HKSE:00038) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

FIRRF:USA 601038:China

Address

No. 154 Jianshe Road, Henan Province, Luoyang, CHN, 471004

Website

http://www.first-tractor.com.cn

First Tractor Co Ltd is a Chinese company engaged in the agricultural machinery manufacturing industry. Its business scope mainly includes manufacturing and selling agricultural machinery, diesel engines and fuel injections, other machinery, and an operating business of a finance company. It has four reporting divisions. The Agricultural Machinery division, which is the key revenue driver, is responsible for the production and sale of agricultural tractors, harvesters, and others. The power machinery division is mainly responsible for producing and selling diesel engines. The financial business is to handle the member units between the entrusted loans and investment, internal transfer settlement, absorption of member units deposits, and other business.

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