Shandong Molong Petroleum Machinery Co (HKSE:00568) Accounts Payable & Accrued Expense : HK$706.3 Mil (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Accounts Payable & Accrued Expense?

Shandong Molong Petroleum Machinery Co's quarterly accounts payable & accrued expense declined from Jun. 2023 (HK$725.0 Mil) to Sep. 2023 (HK$676.3 Mil) but then increased from Sep. 2023 (HK$676.3 Mil) to Dec. 2023 (HK$706.3 Mil).

Shandong Molong Petroleum Machinery Co's annual accounts payable & accrued expense declined from Dec. 2021 (HK$926.2 Mil) to Dec. 2022 (HK$798.7 Mil) and declined from Dec. 2022 (HK$798.7 Mil) to Dec. 2023 (HK$706.3 Mil).

Shandong Molong Petroleum Machinery Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Accounts Payable & Accrued Expense Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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1,488.53

1,061.39

926.25

798.69

706.33

Shandong Molong Petroleum Machinery 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															822.83	724.99	676.25	706.33	-

Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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