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Shandong Tengda Fasten Tech Co (SZSE:001379) Accounts Payable & Accrued Expense : ¥380 Mil (As of Mar. 2024)


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What is Shandong Tengda Fasten Tech Co Accounts Payable & Accrued Expense?

Shandong Tengda Fasten Tech Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥716 Mil) to Dec. 2023 (¥583 Mil) and declined from Dec. 2023 (¥583 Mil) to Mar. 2024 (¥380 Mil).

Shandong Tengda Fasten Tech Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥410 Mil) to Dec. 2022 (¥746 Mil) but then declined from Dec. 2022 (¥746 Mil) to Dec. 2023 (¥583 Mil).


Shandong Tengda Fasten Tech Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shandong Tengda Fasten Tech 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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Shandong Tengda Fasten Tech Co Accounts Payable & Accrued Expense Chart

Shandong Tengda Fasten Tech Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
432.45 115.65 410.25 745.85 582.85

Shandong Tengda Fasten Tech Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 850.75 716.02 582.85 380.28

Shandong Tengda Fasten Tech 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.


Shandong Tengda Fasten Tech Co (SZSE:001379) Business Description

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Shandong Tengda Fasten Tech Co Ltd is engaged in research and development, production and sales of stainless steel fastener products. Its product include bolt, nut, screws, washer, rivet, wood etc.

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