Xining Special Steel Co (SHSE:600117) Accounts Payable & Accrued Expense : ¥1,517 Mil (As of Mar. 2024)

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What is Xining Special Steel Co Accounts Payable & Accrued Expense?

Xining Special Steel Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥3,493 Mil) to Dec. 2023 (¥1,676 Mil) and declined from Dec. 2023 (¥1,676 Mil) to Mar. 2024 (¥1,517 Mil).

Xining Special Steel Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥3,141 Mil) to Dec. 2022 (¥3,818 Mil) but then declined from Dec. 2022 (¥3,818 Mil) to Dec. 2023 (¥1,676 Mil).

Xining Special Steel Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Xining Special Steel 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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Xining Special Steel Co Accounts Payable & Accrued Expense Chart

Xining Special Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3,537.55

3,202.37

3,141.48

3,817.85

1,676.47

Xining Special Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															4,062.45	3,589.67	3,493.38	1,676.47	1,517.04

Xining Special Steel 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.

Xining Special Steel Co (SHSE:600117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Xining Special Steel Co Ltd (SHSE:600117) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No. 52 West Qaidam Road, Qinghai Province, Xining, CHN, 810005

Website

http://www.xntg.com

Xining Special Steel Co Ltd is mainly engaged in special steel processing, and is Northwest China's largest special steel production enterprise. Products include carbon steel, alloy steel products, die steel, and stainless steel.

Xining Special Steel Co (SHSE:600117) Headlines

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