Mingteng International (Mingteng International) Accounts Payable & Accrued Expense : $2.30 Mil (As of Dec. 2023)

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What is Mingteng International Accounts Payable & Accrued Expense?

Mingteng International's quarterly accounts payable & accrued expense declined from Dec. 2022 ($2.33 Mil) to Jun. 2023 ($2.09 Mil) but then increased from Jun. 2023 ($2.09 Mil) to Dec. 2023 ($2.30 Mil).

Mingteng International's annual accounts payable & accrued expense increased from Dec. 2021 ($2.15 Mil) to Dec. 2022 ($2.33 Mil) but then declined from Dec. 2022 ($2.33 Mil) to Dec. 2023 ($2.30 Mil).

Mingteng International Accounts Payable & Accrued Expense Historical Data

The historical data trend for Mingteng International'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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Mingteng International Accounts Payable & Accrued Expense Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

2.51

2.15

2.33

2.30

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			2.15	2.05	2.33	2.09	2.30

Mingteng International 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.

Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

From GuruFocus

Mingteng International Corporation Inc. Announces Pricing of Initial Public Offering

By Marketwired • 04-18-2024