Kandi Technologies Group (FRA:K40) Accounts Payable & Accrued Expense : €35.0 Mil (As of Dec. 2023)

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What is Kandi Technologies Group Accounts Payable & Accrued Expense?

Kandi Technologies Group's quarterly accounts payable & accrued expense declined from Jun. 2023 (€45.6 Mil) to Sep. 2023 (€40.8 Mil) and declined from Sep. 2023 (€40.8 Mil) to Dec. 2023 (€35.0 Mil).

Kandi Technologies Group's annual accounts payable & accrued expense increased from Dec. 2021 (€42.5 Mil) to Dec. 2022 (€47.9 Mil) but then declined from Dec. 2022 (€47.9 Mil) to Dec. 2023 (€35.0 Mil).

Kandi Technologies Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Kandi Technologies Group'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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Kandi Technologies Group Accounts Payable & Accrued Expense Chart

Kandi Technologies Group Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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71.97

35.58

42.46

47.88

34.96

Kandi Technologies Group 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															47.88	41.31	45.64	40.79	34.96

Kandi Technologies Group 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.

Kandi Technologies Group (FRA:K40) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kandi Technologies Group Inc (FRA:K40) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

KNDI:USA K8A:Germany

Address

Jinhua New Energy Vehicle Town, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.kandivehicle.com

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products, primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems. It generates revenue through EV parts and off-road vehicles. The company generates the majority of its revenue from China, and it also exports Overseas.

Kandi Technologies Group (FRA:K40) Headlines

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