Sincere Co (HKSE:00244) Accounts Payable & Accrued Expense : HK$38.0 Mil (As of Dec. 2023)

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What is Sincere Co Accounts Payable & Accrued Expense?

Sincere Co's quarterly accounts payable & accrued expense increased from Dec. 2022 (HK$27.9 Mil) to Jun. 2023 (HK$28.4 Mil) and increased from Jun. 2023 (HK$28.4 Mil) to Dec. 2023 (HK$38.0 Mil).

Sincere Co's annual accounts payable & accrued expense declined from Feb. 2021 (HK$44.7 Mil) to Dec. 2022 (HK$27.9 Mil) but then increased from Dec. 2022 (HK$27.9 Mil) to Dec. 2023 (HK$38.0 Mil).

Sincere Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Sincere 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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Sincere Co Accounts Payable & Accrued Expense Chart

Sincere Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Dec22

Dec23

Accounts Payable & Accrued Expense

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52.78

43.48

44.68

27.86

37.97

Sincere Co Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															26.16	26.49	27.86	28.44	37.97

Sincere 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.

Sincere Co (HKSE:00244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Co Ltd (HKSE:00244) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Connaught Place, 24th Floor, Jardine House, Central, Hong Kong, HKG

Website

https://www.sincere.com.hk

Sincere Co Ltd is mainly engaged in the retailing business. The company has aggregated its operations into three reportable segments, Department Store Operations; Securities Trading and Others. The Department Store Operations segment consists of the operations of department stores offering a wide range of consumer products; the Securities Trading segment consists of the trading of Hong Kong and overseas securities; and the Others segment consists of the sublease of properties and the provision of general and life insurances. Its primary geographic markets are Hong Kong, Mainland China, the United Kingdom and others. Geographically the company receives maximum revenue from Hong Kong.

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