QuMei Home Furnishings Group Co (SHSE:603818) Accounts Payable & Accrued Expense : ¥609 Mil (As of Mar. 2024)

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What is QuMei Home Furnishings Group Co Accounts Payable & Accrued Expense?

QuMei Home Furnishings Group Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥618 Mil) to Dec. 2023 (¥683 Mil) but then declined from Dec. 2023 (¥683 Mil) to Mar. 2024 (¥609 Mil).

QuMei Home Furnishings Group Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥945 Mil) to Dec. 2022 (¥737 Mil) and declined from Dec. 2022 (¥737 Mil) to Dec. 2023 (¥683 Mil).

QuMei Home Furnishings Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for QuMei Home Furnishings Group 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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QuMei Home Furnishings Group Co Accounts Payable & Accrued Expense Chart

QuMei Home Furnishings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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708.32

853.14

945.42

737.33

682.89

QuMei Home Furnishings Group 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															642.62	634.27	617.71	682.89	608.70

QuMei Home Furnishings Group 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.

QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » QuMei Home Furnishings Group Co Ltd (SHSE:603818) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102

Website

http://www.qumei.com

QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.

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