Tongling Jingda Special Magnet Wire Co (SHSE:600577) Accounts Payable & Accrued Expense

: ¥2,104 Mil (As of Dec. 2023)

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Tongling Jingda Special Magnet Wire Co's quarterly accounts payable & accrued expense increased from Jun. 2023 (¥1,722 Mil) to Sep. 2023 (¥2,089 Mil) and increased from Sep. 2023 (¥2,089 Mil) to Dec. 2023 (¥2,104 Mil).

Tongling Jingda Special Magnet Wire Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥1,780 Mil) to Dec. 2022 (¥1,705 Mil) but then increased from Dec. 2022 (¥1,705 Mil) to Dec. 2023 (¥2,104 Mil).

Tongling Jingda Special Magnet Wire Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Tongling Jingda Special Magnet Wire 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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Tongling Jingda Special Magnet Wire Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

1,301.86

1,604.99

1,779.83

1,705.01

2,103.74

Tongling Jingda Special Magnet Wire Co 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																1,705.01	1,657.38	1,722.00	2,089.08	2,103.74

Tongling Jingda Special Magnet Wire 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.

Tongling Jingda Special Magnet Wire Co (SHSE:600577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tongling Jingda Special Magnet Wire Co Ltd (SHSE:600577) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

Wu Tong Road, Economic and Technological Development Zone, tongling, Anhui, CHN, 244000

Website

http://www.jingda.cn

Tongling Jingda Special Magnet Wire Co Ltd manufactures magnet wire. Its products include Magnet wire; Automobile wire; Special conductor; Rod material and Die.

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