China Testing & Certification International Group Co (SHSE:603060) Accounts Payable & Accrued Expense : ¥494 Mil (As of Sep. 2023)

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What is China Testing & Certification International Group Co Accounts Payable & Accrued Expense?

China Testing & Certification International Group Co's quarterly accounts payable & accrued expense increased from Mar. 2023 (¥467 Mil) to Jun. 2023 (¥509 Mil) but then declined from Jun. 2023 (¥509 Mil) to Sep. 2023 (¥494 Mil).

China Testing & Certification International Group Co's annual accounts payable & accrued expense increased from Dec. 2020 (¥348 Mil) to Dec. 2021 (¥511 Mil) and increased from Dec. 2021 (¥511 Mil) to Dec. 2022 (¥547 Mil).

China Testing & Certification International Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for China Testing & Certification International Group 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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China Testing & Certification International Group Co Accounts Payable & Accrued Expense Chart

China Testing & Certification International Group Co Annual Data

Trend

Dec13

Dec14

Dec15

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Dec17

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Dec21

Dec22

Accounts Payable & Accrued Expense

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96.13

214.40

347.82

511.26

546.89

China Testing & Certification International Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															536.09	546.89	467.12	509.01	494.40

China Testing & Certification International Group 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.

China Testing & Certification International Group Co (SHSE:603060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Testing & Certification International Group Co Ltd (SHSE:603060) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Guanzhuang Dongli, South Building, Research and Production Area, Chaoyang District, Beijing, CHN, 100024

Website

http://www.ctc.ac.cn

China Building Material Test & Certification Group Co Ltd provides third-party inspection and certification services in the fields of building materials and construction engineering. Its service offering comprises certification, safety and instrument development services as well as extended services such as energy-saving emission reduction technology services, standardization services, personnel training and occupational skill identification. The company primarily serve the building materials and construction engineering enterprises, solar photovoltaic product production and application enterprises, carbon emission trading units, product quality and technical supervision departments, industrial and commercial management departments and safety production supervision departments.

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