Qingdao Topscomm Communication (SHSE:603421) Accounts Payable & Accrued Expense : ¥1,322 Mil (As of Mar. 2024)

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What is Qingdao Topscomm Communication Accounts Payable & Accrued Expense?

Qingdao Topscomm Communication's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥1,270 Mil) to Dec. 2023 (¥1,573 Mil) but then declined from Dec. 2023 (¥1,573 Mil) to Mar. 2024 (¥1,322 Mil).

Qingdao Topscomm Communication's annual accounts payable & accrued expense declined from Dec. 2021 (¥1,694 Mil) to Dec. 2022 (¥1,682 Mil) and declined from Dec. 2022 (¥1,682 Mil) to Dec. 2023 (¥1,573 Mil).

Qingdao Topscomm Communication Accounts Payable & Accrued Expense Historical Data

The historical data trend for Qingdao Topscomm Communication'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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Qingdao Topscomm Communication Accounts Payable & Accrued Expense Chart

Qingdao Topscomm Communication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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613.94

994.72

1,693.53

1,681.85

1,573.08

Qingdao Topscomm Communication 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															1,371.27	1,153.50	1,270.16	1,573.08	1,322.12

Qingdao Topscomm Communication 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.

Qingdao Topscomm Communication (SHSE:603421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qingdao Topscomm Communication Inc (SHSE:603421) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024

Website

http://www.topscomm.com

Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.

Executives

Ge Jun	Directors, senior managers
Zhou Li Min	senior management
Fan Jian Hua	Directors, senior managers
Xu Rui	Supervisors
Bao Chun Xia	senior management
Xu Guang Yi	senior management

Qingdao Topscomm Communication (SHSE:603421) Headlines

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