Shengli Oil & Gas Pipe Holdings (HKSE:01080) Accounts Payable & Accrued Expense : HK$66.1 Mil (As of Dec. 2023)

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What is Shengli Oil & Gas Pipe Holdings Accounts Payable & Accrued Expense?

Shengli Oil & Gas Pipe Holdings's quarterly accounts payable & accrued expense increased from Dec. 2022 (HK$99.8 Mil) to Jun. 2023 (HK$124.0 Mil) but then declined from Jun. 2023 (HK$124.0 Mil) to Dec. 2023 (HK$66.1 Mil).

Shengli Oil & Gas Pipe Holdings's annual accounts payable & accrued expense declined from Dec. 2021 (HK$679.7 Mil) to Dec. 2022 (HK$99.8 Mil) and declined from Dec. 2022 (HK$99.8 Mil) to Dec. 2023 (HK$66.1 Mil).

Shengli Oil & Gas Pipe Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shengli Oil & Gas Pipe 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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Shengli Oil & Gas Pipe Holdings Accounts Payable & Accrued Expense Chart

Shengli Oil & Gas Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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363.08

525.44

679.73

99.77

66.14

Shengli Oil & Gas Pipe 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															679.73	128.16	99.77	123.99	66.14

Shengli Oil & Gas Pipe 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.

Shengli Oil & Gas Pipe Holdings (HKSE:01080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shengli Oil & Gas Pipe Holdings Ltd (HKSE:01080) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongbu Town, Zhangdian District, Shandong Province, Zibo, CHN, 255082

Website

http://www.slogp.com

Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipe which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China.

Executives

Zhang Bizhuang	2101 Beneficial owner
Huang Guang	2201 Interest of corporation controlled by you
Chen Haili	2201 Interest of corporation controlled by you
Hzj Holding Limited	2201 Interest of corporation controlled by you
Mefun Group Limited	2101 Beneficial owner
Wei Jun	2201 Interest of corporation controlled by you
Lm Asset Management Corp	2201 Interest of corporation controlled by you
Lm Global Asset Lp	2101 Beneficial owner
Lmt International Corporation Limited	2201 Interest of corporation controlled by you
Shan Dong Min Ying Lian He Tou Zi Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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