Lonking Holdings (Lonking Holdings) Accounts Payable & Accrued Expense : $599 Mil (As of Dec. 2023)

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What is Lonking Holdings Accounts Payable & Accrued Expense?

Lonking Holdings's quarterly accounts payable & accrued expense declined from Dec. 2022 ($614 Mil) to Jun. 2023 ($561 Mil) but then increased from Jun. 2023 ($561 Mil) to Dec. 2023 ($599 Mil).

Lonking Holdings's annual accounts payable & accrued expense declined from Dec. 2021 ($745 Mil) to Dec. 2022 ($614 Mil) and declined from Dec. 2022 ($614 Mil) to Dec. 2023 ($599 Mil).

Lonking Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Lonking 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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Lonking Holdings Accounts Payable & Accrued Expense Chart

Lonking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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578.45

847.50

745.24

614.07

598.51

Lonking 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															745.24	705.62	614.07	560.68	598.51

Lonking 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.

Lonking Holdings (Lonking Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lonking Holdings Ltd (OTCPK:LONKF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

LKHLY:USA 03339:Hong Kong C9IB:Germany

Address

No. 26 Mingyi Road, Xinqiao, Songjiang Industrial, Shanghai, CHN, 201612

Website

https://www.lonking.cn

Lonking Holdings Ltd is a construction and logistics machinery manufacturers in China. It produces wheel loaders, excavators, road rollers, forklifts, and other heavy equipment. In addition, the company supplies individual components, including gearboxes, converters, axles, and hydraulic components. Lonking Holdings has three operating segments: Sale of construction machinery (majority of total revenue), Finance lease of construction machinery, and Financial investment. Used equipment and leasing solutions help extend offerings and pinpoint the correct solution for each customer. Trained technicians provide aftermarket services and parts to maximize equipment efficiency. The majority of sales are derived from China.

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