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Launch Tech Co (HKSE:02488) Accounts Payable & Accrued Expense : HK$323 Mil (As of Jun. 2024)


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What is Launch Tech Co Accounts Payable & Accrued Expense?

Launch Tech Co's quarterly accounts payable & accrued expense declined from Jun. 2023 (HK$262 Mil) to Dec. 2023 (HK$237 Mil) but then increased from Dec. 2023 (HK$237 Mil) to Jun. 2024 (HK$323 Mil).

Launch Tech Co's annual accounts payable & accrued expense declined from Dec. 2021 (HK$331 Mil) to Dec. 2022 (HK$251 Mil) and declined from Dec. 2022 (HK$251 Mil) to Dec. 2023 (HK$237 Mil).


Launch Tech Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Launch Tech 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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Launch Tech Co Accounts Payable & Accrued Expense Chart

Launch Tech Co 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 194.41 199.53 330.70 250.96 236.54

Launch Tech Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 261.09 250.96 261.76 236.54 322.85

Launch Tech 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.


Launch Tech Co Business Description

Traded in Other Exchanges
Address
Launch Industrial Park, North of Wuhe Road, Banxuegang, Longgang District, Shenzhen, CHN, 518129
Launch Tech Co Ltd principally engages in the provision of products and services serving the automotive aftermarket and the automobile industry mainly in the People's Republic of China and certain overseas countries. The company operates its business through three reportable segments. The Automotive Diagnosis segment generates the majority of the earnings for the company. It is involved in the research and development, production and sales of automotive diagnostic and inspection products. The Lift segment is engaged in the research and development, production and sales of machinery products in the automotive aftermarket. The Overseas Sales segment develops and maintains European distributors and customers.
Executives
Cao Guanye 2101 Beneficial owner

Launch Tech Co Headlines

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