AECC Aero-Engine Controls Co (SZSE:000738) Accounts Payable & Accrued Expense : ¥2,502 Mil (As of Mar. 2024)

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What is AECC Aero-Engine Controls Co Accounts Payable & Accrued Expense?

AECC Aero-Engine Controls Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥2,605 Mil) to Dec. 2023 (¥2,426 Mil) but then increased from Dec. 2023 (¥2,426 Mil) to Mar. 2024 (¥2,502 Mil).

AECC Aero-Engine Controls Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥1,441 Mil) to Dec. 2022 (¥1,914 Mil) and increased from Dec. 2022 (¥1,914 Mil) to Dec. 2023 (¥2,426 Mil).

AECC Aero-Engine Controls Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for AECC Aero-Engine Controls 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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AECC Aero-Engine Controls Co Accounts Payable & Accrued Expense Chart

AECC Aero-Engine Controls Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,084.56

1,253.98

1,440.67

1,914.37

2,426.43

AECC Aero-Engine Controls 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															2,071.37	2,144.04	2,604.55	2,426.43	2,501.92

AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls Co (SZSE:000738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero-Engine Controls Co Ltd (SZSE:000738) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

No.72 , Liangxi Road, Binhu District, Jiangsu Province, Wuxi City, CHN

Website

http://www.aaec.com.cn

AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense and non-aviation civilian products. The company provides civil aviation control system precision components for well-known aviation companies abroad. It operates through three major business segments, Engine Control Systems and Components, International Cooperation and Non-Navigation Products. The Engine Control System and Components business mainly include the development, production, repair, and sales of aero-engine control systems and derivative products.

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