JL Mag Rare-Earth Co (SZSE:300748) Accounts Payable & Accrued Expense : ¥2,993 Mil (As of Mar. 2024)

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What is JL Mag Rare-Earth Co Accounts Payable & Accrued Expense?

JL Mag Rare-Earth Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥3,012 Mil) to Dec. 2023 (¥3,281 Mil) but then declined from Dec. 2023 (¥3,281 Mil) to Mar. 2024 (¥2,993 Mil).

JL Mag Rare-Earth Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥1,179 Mil) to Dec. 2022 (¥2,831 Mil) and increased from Dec. 2022 (¥2,831 Mil) to Dec. 2023 (¥3,281 Mil).

JL Mag Rare-Earth Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for JL Mag Rare-Earth 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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JL Mag Rare-Earth Co Accounts Payable & Accrued Expense Chart

JL Mag Rare-Earth Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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523.34

781.53

1,179.43

2,831.30

3,281.46

JL Mag Rare-Earth 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															2,985.73	2,770.04	3,011.62	3,281.46	2,993.43

JL Mag Rare-Earth 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.

JL Mag Rare-Earth Co (SZSE:300748) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JL Mag Rare-Earth Co Ltd (SZSE:300748) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

06680:Hong Kong 3KLA:Germany

Address

81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.jlmag.com.cn

JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

Executives

Xie Hui	Executives
Lv Feng	Directors, executives
Yi Peng Peng	Executives
Mao Hua Yun	Executives
Lu Ming	Directors, executives
Huang Zhang Yuan	Executives
Yu Han	Executives
Lai Xun Long	Securities Affairs Representative

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