MeiG Smart Technology Co (SZSE:002881) Accounts Payable & Accrued Expense : ¥605 Mil (As of Mar. 2024)

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What is MeiG Smart Technology Co Accounts Payable & Accrued Expense?

MeiG Smart Technology Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥475 Mil) to Dec. 2023 (¥523 Mil) and increased from Dec. 2023 (¥523 Mil) to Mar. 2024 (¥605 Mil).

MeiG Smart Technology Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥354 Mil) to Dec. 2022 (¥377 Mil) and increased from Dec. 2022 (¥377 Mil) to Dec. 2023 (¥523 Mil).

MeiG Smart Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for MeiG Smart Technology 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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MeiG Smart Technology Co Accounts Payable & Accrued Expense Chart

MeiG Smart Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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174.20

308.69

354.09

376.51

523.30

MeiG Smart Technology 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															449.08	412.21	475.41	523.30	604.57

MeiG Smart Technology 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.

MeiG Smart Technology Co (SZSE:002881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MeiG Smart Technology Co Ltd (SZSE:002881) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No.5 Lingxia Road, Fenghuang Fourth Industrial Zone, Fuyong Street, Baoan District, No.1, 2nd Floor, 3rd Floor, Building A, Building B, Guangdong Province, Shenzhen, CHN, 518103

Website

http://www.meigsmart.com

MeiG Smart Technology Co Ltd is the communications equipment manufacturing company. Its core business is the development and production of IoT smart terminals, wireless communication modules (M2M) and intelligent hardware as well as precision mold development and production and sales of precision components. The company's IoT smart terminals, LTE module products and wireless data solutions applied in the fields of mobile payment, car networking, security, industrial routing, consumer electronics, smart power, smart meter reading, intelligent terminals, and item tracking. application.

Executives

Ning Huan	Supervisors
Ning Jian	Supervisors
Chen Yue Liang	Secretary, Director

MeiG Smart Technology Co (SZSE:002881) Headlines

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