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Lenovo Group (FRA:LHL) Accounts Payable & Accrued Expense for Financial Companies


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What is Lenovo Group Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Lenovo Group (FRA:LHL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (FRA:LHL) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG
Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.