Shougang Century Holdings (HKSE:00103) Accounts Payable & Accrued Expense : HK$1,062 Mil (As of Dec. 2023)

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What is Shougang Century Holdings Accounts Payable & Accrued Expense?

Shougang Century Holdings's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$1,019 Mil) to Jun. 2023 (HK$928 Mil) but then increased from Jun. 2023 (HK$928 Mil) to Dec. 2023 (HK$1,062 Mil).

Shougang Century Holdings's annual accounts payable & accrued expense declined from Dec. 2021 (HK$1,490 Mil) to Dec. 2022 (HK$1,019 Mil) but then increased from Dec. 2022 (HK$1,019 Mil) to Dec. 2023 (HK$1,062 Mil).

Shougang Century Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shougang Century Holdings'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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Shougang Century Holdings Accounts Payable & Accrued Expense Chart

Shougang Century Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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851.45

1,014.55

1,490.31

1,018.89

1,061.56

Shougang Century Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,490.31	1,251.64	1,018.89	928.46	1,061.56

Shougang Century Holdings 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.

Shougang Century Holdings (HKSE:00103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Century Holdings Ltd (HKSE:00103) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

CW7:Germany

Address

6 Sun Yip Street, Room 1215, 12th Floor, Honour Industrial Centre, Chai Wan, Hong Kong, HKG

Website

https://www.shougangcentury.com.hk

Shougang Century Holdings Ltd along with its subsidiaries is engaged in the manufacturing and sales of steel cords for radial tyres, sawing wires and hose wires. The steel cords are specifically used in radial tires. The company generates majority of its revenue from the steel cord business in China. The Group's operations are currently organized into one reportable segment which is steel cord segment.

Shougang Century Holdings (HKSE:00103) Headlines

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