Hop Fung Group Holdings (HKSE:02320) Accounts Payable & Accrued Expense : HK$48.4 Mil (As of Dec. 2023)

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What is Hop Fung Group Holdings Accounts Payable & Accrued Expense?

Hop Fung Group Holdings's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$63.8 Mil) to Jun. 2023 (HK$53.3 Mil) and declined from Jun. 2023 (HK$53.3 Mil) to Dec. 2023 (HK$48.4 Mil).

Hop Fung Group Holdings's annual accounts payable & accrued expense declined from Dec. 2021 (HK$74.3 Mil) to Dec. 2022 (HK$63.8 Mil) and declined from Dec. 2022 (HK$63.8 Mil) to Dec. 2023 (HK$48.4 Mil).

Hop Fung Group Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Hop Fung Group 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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Hop Fung Group Holdings Accounts Payable & Accrued Expense Chart

Hop Fung Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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106.16

129.76

74.32

63.77

48.41

Hop Fung Group 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															74.32	74.05	63.77	53.32	48.41

Hop Fung Group 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.

Hop Fung Group Holdings (HKSE:02320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hop Fung Group Holdings Ltd (HKSE:02320) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 57 Sha Tsui Road and Nos. 30-38 Tai Chung Road, Workshops E, F and H, 22nd Floor, Superluck Industrial Centre (Phase 2), Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.hopfunggroup.com

Hop Fung Group Holdings Ltd is principally engaged in the business of manufacturing and sale of corrugated paperware products. The company operates through two segments namely Containerboard and Corrugated packaging. Its Containerboard segment offers corrugating medium and liner board. The Corrugated packaging segment is involved in the production and marketing of corrugated paper boards and carton boxes. It generates key revenue from the Corrugated packaging segment. Geographically, it derives a majority of its revenue from the PRC.

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