Shanghai Ace Investment & Development Co (SHSE:603329) Accounts Payable & Accrued Expense : ¥242 Mil (As of Mar. 2024)

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What is Shanghai Ace Investment & Development Co Accounts Payable & Accrued Expense?

Shanghai Ace Investment & Development Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥344 Mil) to Dec. 2023 (¥334 Mil) and declined from Dec. 2023 (¥334 Mil) to Mar. 2024 (¥242 Mil).

Shanghai Ace Investment & Development Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥472 Mil) to Dec. 2022 (¥331 Mil) but then increased from Dec. 2022 (¥331 Mil) to Dec. 2023 (¥334 Mil).

Shanghai Ace Investment & Development Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shanghai Ace Investment & Development 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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Shanghai Ace Investment & Development Co Accounts Payable & Accrued Expense Chart

Shanghai Ace Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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275.24

246.20

471.89

330.93

333.68

Shanghai Ace Investment & Development 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															213.36	297.51	343.55	333.68	242.19

Shanghai Ace Investment & Development 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.

Shanghai Ace Investment & Development Co (SHSE:603329) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Ace Investment & Development Co Ltd (SHSE:603329) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

855 South Pudong Road, Room H, 33rd Floor, World Plaza, Shanghai, CHN, 200120

Website

http://www.aceonline.cn

Shanghai Ace Investment & Development Co Ltd is a logistics services provider in China. The company's main business is supply chain logistics and supply chain executive trading business. It offers multimodal transport of railways, highways, and waterways; third-party logistics services; bonded warehousing; loading and unloading operations; and warehousing and logistics supervision services.

Shanghai Ace Investment & Development Co (SHSE:603329) Headlines

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