Ossen Innovation Co (Ossen Innovation Co) Accounts Payable & Accrued Expense : $8.2 Mil (As of Dec. 2020)

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What is Ossen Innovation Co Accounts Payable & Accrued Expense?

Ossen Innovation Co's quarterly accounts payable & accrued expense increased from Dec. 2019 ($8.5 Mil) to Jun. 2020 ($10.1 Mil) but then declined from Jun. 2020 ($10.1 Mil) to Dec. 2020 ($8.2 Mil).

Ossen Innovation Co's annual accounts payable & accrued expense increased from Dec. 2018 ($7.5 Mil) to Dec. 2019 ($8.5 Mil) but then declined from Dec. 2019 ($8.5 Mil) to Dec. 2020 ($8.2 Mil).

Ossen Innovation Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ossen Innovation 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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Ossen Innovation Co Accounts Payable & Accrued Expense Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

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Dec15

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Dec20

Accounts Payable & Accrued Expense

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4.15

5.40

7.51

8.54

8.20

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															7.51	10.56	8.54	10.06	8.20

Ossen Innovation 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.

Ossen Innovation Co (Ossen Innovation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (NAS:OSN) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.