China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Accounts Payable & Accrued Expense : $1,643 Mil (As of Dec. 2023)

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What is China Resources Beer (Holdings) Co Accounts Payable & Accrued Expense?

China Resources Beer (Holdings) Co's quarterly accounts payable & accrued expense increased from Dec. 2022 ($1,891 Mil) to Jun. 2023 ($3,455 Mil) but then declined from Jun. 2023 ($3,455 Mil) to Dec. 2023 ($1,643 Mil).

China Resources Beer (Holdings) Co's annual accounts payable & accrued expense increased from Dec. 2021 ($1,755 Mil) to Dec. 2022 ($1,891 Mil) but then declined from Dec. 2022 ($1,891 Mil) to Dec. 2023 ($1,643 Mil).

China Resources Beer (Holdings) Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for China Resources Beer (Holdings) 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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China Resources Beer (Holdings) Co Accounts Payable & Accrued Expense Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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677.10

669.19

1,754.67

1,890.93

1,643.23

China Resources Beer (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,754.67	3,337.02	1,890.93	3,455.05	1,643.23

China Resources Beer (Holdings) 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.

China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (OTCPK:CRHKY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

00291:Hong Kong CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Headlines

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