China New Higher Education Group (HKSE:02001) Accounts Payable & Accrued Expense : HK$1,019 Mil (As of Aug. 2024)

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What is China New Higher Education Group Accounts Payable & Accrued Expense?

China New Higher Education Group's quarterly accounts payable & accrued expense declined from Aug. 2023 (HK$1,051 Mil) to Feb. 2024 (HK$994 Mil) but then increased from Feb. 2024 (HK$994 Mil) to Aug. 2024 (HK$1,019 Mil).

China New Higher Education Group's annual accounts payable & accrued expense increased from Aug. 2022 (HK$1,035 Mil) to Aug. 2023 (HK$1,051 Mil) but then declined from Aug. 2023 (HK$1,051 Mil) to Aug. 2024 (HK$1,019 Mil).

China New Higher Education Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for China New Higher Education 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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China New Higher Education Group Accounts Payable & Accrued Expense Chart

China New Higher Education Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

Aug24

Accounts Payable & Accrued Expense

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961.75

1,089.87

1,035.04

1,051.43

1,019.48

China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial														1,035.04	989.56	1,051.43	994.03	1,019.48

China New Higher Education 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.

China New Higher Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (HKSE:02001) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

8CN:Germany

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 139,000 for the academic year 2024/25. CNHE currently operates eight schools, up from only two schools in 2016.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Li Xiaoxuan	2101 Beneficial owner
Aspire Education Management Co., Ltd.	2101 Beneficial owner
Tx Capital (hk) Limited	2102 Investment manager
Greenwoods Asset Management Hong Kong Limited	2102 Investment manager
Invest Partner Group Limited	2201 Interest of corporation controlled by you
Jiang Jinzhi	2201 Interest of corporation controlled by you
Aspire Education Technology Co., Ltd.	2101 Beneficial owner

China New Higher Education Group Headlines

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