Cosco Shipping Development Co (Cosco Shipping Development Co) Accounts Payable & Accrued Expense : $600 Mil (As of Mar. 2024)

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What is Cosco Shipping Development Co Accounts Payable & Accrued Expense?

Cosco Shipping Development Co's quarterly accounts payable & accrued expense increased from Sep. 2023 ($633 Mil) to Dec. 2023 ($634 Mil) but then declined from Dec. 2023 ($634 Mil) to Mar. 2024 ($600 Mil).

Cosco Shipping Development Co's annual accounts payable & accrued expense declined from Dec. 2021 ($1,046 Mil) to Dec. 2022 ($664 Mil) and declined from Dec. 2022 ($664 Mil) to Dec. 2023 ($634 Mil).

Cosco Shipping Development Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Cosco Shipping Development 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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Cosco Shipping Development Co Accounts Payable & Accrued Expense Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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756.50

1,282.20

1,046.39

664.39

633.95

Cosco Shipping Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															631.12	721.88	632.85	633.95	599.84

Cosco Shipping Development 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.

Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAY) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

CITAF:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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