Shanghai Huitong Energy Co (SHSE:600605) Accounts Payable & Accrued Expense : ¥185.0 Mil (As of Dec. 2023)

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What is Shanghai Huitong Energy Co Accounts Payable & Accrued Expense?

Shanghai Huitong Energy Co's quarterly accounts payable & accrued expense increased from Jun. 2023 (¥379.6 Mil) to Sep. 2023 (¥412.9 Mil) but then declined from Sep. 2023 (¥412.9 Mil) to Dec. 2023 (¥185.0 Mil).

Shanghai Huitong Energy Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥336.9 Mil) to Dec. 2022 (¥353.3 Mil) but then declined from Dec. 2022 (¥353.3 Mil) to Dec. 2023 (¥185.0 Mil).

Shanghai Huitong Energy Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shanghai Huitong Energy 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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Shanghai Huitong Energy Co Accounts Payable & Accrued Expense Chart

Shanghai Huitong Energy Co Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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43.68

73.10

336.90

353.31

185.03

Shanghai Huitong Energy 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	Get a 7-Day Free Trial															353.31	330.62	379.57	412.87	185.03

Shanghai Huitong Energy 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.

Shanghai Huitong Energy Co (SHSE:600605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Huitong Energy Co Ltd (SHSE:600605) » Definitions » Accounts Payable & Accrued Expense

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Address

No. 1576 Nanjing West Road, Shanghai, CHN, 200040

Website

http://www.huitongenergy.com/intro.asp

Shanghai Huitong Energy Co Ltd is a large-scale enterprise engaged in the research and production of light industrial machinery. The company's main business includes wind power investment and operation, trade, property leasing and property management.

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