Chinatesta Textile Testing and Certification Services Co (BJSE:873122) Accounts Payable & Accrued Expense : ¥16.2 Mil (As of Mar. 2024)

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What is Chinatesta Textile Testing and Certification Services Co Accounts Payable & Accrued Expense?

Chinatesta Textile Testing and Certification Services Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥19.1 Mil) to Dec. 2023 (¥17.2 Mil) and declined from Dec. 2023 (¥17.2 Mil) to Mar. 2024 (¥16.2 Mil).

Chinatesta Textile Testing and Certification Services Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥17.5 Mil) to Dec. 2022 (¥11.7 Mil) but then increased from Dec. 2022 (¥11.7 Mil) to Dec. 2023 (¥17.2 Mil).

Chinatesta Textile Testing and Certification Services Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Chinatesta Textile Testing and Certification Services 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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Chinatesta Textile Testing and Certification Services Co Accounts Payable & Accrued Expense Chart

Chinatesta Textile Testing and Certification Services Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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44.94

24.31

17.49

11.69

17.23

Chinatesta Textile Testing and Certification Services Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															10.84	16.36	19.08	17.23	16.16

Chinatesta Textile Testing and Certification Services 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.

Chinatesta Textile Testing and Certification Services Co (BJSE:873122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Chinatesta Textile Testing and Certification Services Co Ltd (BJSE:873122) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

No. 3, Yanjingli Middle Street, Balizhuang Street, Chaoyang District, Beijing, CHN, 100025

Website

https://www.cttc.net.cn

Chinatesta Textile Testing and Certification Services Co Ltd is engaged in the research and revision of textile standards, inspection, testing, and certification of textile and light industrial products, research and development and management of test consumables, and calibration of textile instruments.

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