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Comtec Solar Systems Group (HKSE:00712) Accounts Payable & Accrued Expense : HK$264.1 Mil (As of Dec. 2023)


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What is Comtec Solar Systems Group Accounts Payable & Accrued Expense?

Comtec Solar Systems Group's quarterly accounts payable & accrued expense increased from Dec. 2022 (HK$169.8 Mil) to Jun. 2023 (HK$204.6 Mil) and increased from Jun. 2023 (HK$204.6 Mil) to Dec. 2023 (HK$264.1 Mil).

Comtec Solar Systems Group's annual accounts payable & accrued expense declined from Dec. 2021 (HK$214.5 Mil) to Dec. 2022 (HK$169.8 Mil) but then increased from Dec. 2022 (HK$169.8 Mil) to Dec. 2023 (HK$264.1 Mil).


Comtec Solar Systems Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Comtec Solar Systems 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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Comtec Solar Systems Group Accounts Payable & Accrued Expense Chart

Comtec Solar Systems Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 133.12 175.90 214.46 169.83 264.09

Comtec Solar Systems Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 214.46 383.33 169.83 204.60 264.09

Comtec Solar Systems 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.


Comtec Solar Systems Group (HKSE:00712) Business Description

Traded in Other Exchanges
Address
No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN
Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

Comtec Solar Systems Group (HKSE:00712) Headlines

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