Haosen Fintech Group (HKSE:03848) Accounts Payable & Accrued Expense : HK$27.2 Mil (As of Dec. 2023)

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What is Haosen Fintech Group Accounts Payable & Accrued Expense?

Haosen Fintech Group's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$31.7 Mil) to Jun. 2023 (HK$18.7 Mil) but then increased from Jun. 2023 (HK$18.7 Mil) to Dec. 2023 (HK$27.2 Mil).

Haosen Fintech Group's annual accounts payable & accrued expense increased from Dec. 2021 (HK$27.1 Mil) to Dec. 2022 (HK$31.7 Mil) but then declined from Dec. 2022 (HK$31.7 Mil) to Dec. 2023 (HK$27.2 Mil).

Haosen Fintech Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Haosen Fintech Group'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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Haosen Fintech Group Accounts Payable & Accrued Expense Chart

Haosen Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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72.27

54.62

27.12

31.72

27.21

Haosen Fintech Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													27.12	22.89	31.72	18.67	27.21

Haosen Fintech Group 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.

Haosen Fintech Group (HKSE:03848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

Executives

Wealthy Rise Investment Limited	2201 Interest of corporation controlled by you
Zhong Guo Jin Chu Kou Yin Hang	2106 Person having a security interest in shares
Lin Yihong	2201 Interest of corporation controlled by you
Lo Wai Ho	2201 Interest of corporation controlled by you

Haosen Fintech Group (HKSE:03848) Headlines

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