Gaotu Techedu (Gaotu Techedu) Accounts Payable & Accrued Expense

: $87.2 Mil (As of Sep. 2023)

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Gaotu Techedu's quarterly accounts payable & accrued expense declined from Mar. 2023 ($89.5 Mil) to Jun. 2023 ($82.4 Mil) but then increased from Jun. 2023 ($82.4 Mil) to Sep. 2023 ($87.2 Mil).

Gaotu Techedu's annual accounts payable & accrued expense declined from Dec. 2020 ($182.5 Mil) to Dec. 2021 ($95.5 Mil) and declined from Dec. 2021 ($95.5 Mil) to Dec. 2022 ($86.4 Mil).

Gaotu Techedu Accounts Payable & Accrued Expense Historical Data

The historical data trend for Gaotu Techedu'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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Gaotu Techedu Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

26.22

182.51

95.52

86.39

113.35

Gaotu Techedu Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense																86.39	89.48	82.39	87.23	113.35

Gaotu Techedu 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.

Gaotu Techedu (Gaotu Techedu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Gaotu Techedu Inc (NYSE:GOTU) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

18WA:Germany

Address

10 Xibeiwang East Road, 5th Floor, Gientech Building, 17 East Zone, Haidian District, Beijing, CHN, 100193

Website

https://ir.gaotu.cn

Gaotu Techedu Inc is a technology-driven education company with core expertise in online K-12 courses. Its K-12 courses cover all primary and secondary grades. It also offers foreign language, professional, and interest courses. The company's segment includes the provision of education services. It operates solely in the PRC and all assets are located in the PRC.