China Education Group Holdings (HKSE:00839) Accounts Payable & Accrued Expense : HK$2,610 Mil (As of Aug. 2023)

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What is China Education Group Holdings Accounts Payable & Accrued Expense?

China Education Group Holdings's quarterly accounts payable & accrued expense increased from Aug. 2022 (HK$2,476 Mil) to Feb. 2023 (HK$3,079 Mil) but then declined from Feb. 2023 (HK$3,079 Mil) to Aug. 2023 (HK$2,610 Mil).

China Education Group Holdings's annual accounts payable & accrued expense increased from Aug. 2021 (HK$2,464 Mil) to Aug. 2022 (HK$2,476 Mil) and increased from Aug. 2022 (HK$2,476 Mil) to Aug. 2023 (HK$2,610 Mil).

China Education Group Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for China Education Group 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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China Education Group Holdings Accounts Payable & Accrued Expense Chart

China Education Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

Accounts Payable & Accrued Expense

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1,721.26

1,677.59

2,463.56

2,476.01

2,609.63

China Education Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial												2,463.56	2,805.93	2,476.01	3,078.94	2,609.63

China Education Group 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.

China Education Group Holdings (HKSE:00839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Group Holdings Ltd (HKSE:00839) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

CEGHF:USA C3W:Germany

Address

18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.chinaeducation.hk

China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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