MingZhu Logistics Holdings (MingZhu Logistics Holdings) Accounts Payable & Accrued Expense : $62.41 Mil (As of Dec. 2023)

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What is MingZhu Logistics Holdings Accounts Payable & Accrued Expense?

MingZhu Logistics Holdings's quarterly accounts payable & accrued expense increased from Dec. 2022 ($29.72 Mil) to Jun. 2023 ($52.21 Mil) and increased from Jun. 2023 ($52.21 Mil) to Dec. 2023 ($62.41 Mil).

MingZhu Logistics Holdings's annual accounts payable & accrued expense increased from Dec. 2021 ($24.04 Mil) to Dec. 2022 ($29.72 Mil) and increased from Dec. 2022 ($29.72 Mil) to Dec. 2023 ($62.41 Mil).

MingZhu Logistics Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for MingZhu Logistics Holdings'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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MingZhu Logistics Holdings Accounts Payable & Accrued Expense Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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5.14

5.66

24.04

29.72

62.41

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial							24.04	33.43	29.72	52.21	62.41

MingZhu Logistics Holdings 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.

MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.