Kweichow Moutai Co (SHSE:600519) Accounts Payable & Accrued Expense : ¥17,520 Mil (As of Mar. 2024)

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What is Kweichow Moutai Co Accounts Payable & Accrued Expense?

Kweichow Moutai Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥14,255 Mil) to Dec. 2023 (¥20,658 Mil) but then declined from Dec. 2023 (¥20,658 Mil) to Mar. 2024 (¥17,520 Mil).

Kweichow Moutai Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥21,792 Mil) to Dec. 2022 (¥18,631 Mil) but then increased from Dec. 2022 (¥18,631 Mil) to Dec. 2023 (¥20,658 Mil).

Kweichow Moutai Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Kweichow Moutai 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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Kweichow Moutai Co Accounts Payable & Accrued Expense Chart

Kweichow Moutai Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

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Dec23

Accounts Payable & Accrued Expense

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16,304.21

16,500.46

21,791.89

18,631.08

20,657.81

Kweichow Moutai 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															14,164.96	14,350.84	14,255.21	20,657.81	17,520.11

Kweichow Moutai 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.

Kweichow Moutai Co (SHSE:600519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Kweichow Moutai Co Ltd (SHSE:600519) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Guizhou Province, Maotai Town, Renhuai, CHN, 564501

Website

http://www.moutaichina.com

Kweichow Moutai is one of China's leading liquor producers. The company was established in 1951 and its headquarters is located in Moutai Town, Guizhou province, southwest China. Its core product, 53-degree Feitian Moutai, is known as China's national drink and has been consumed during many high-profile historical and political events. Given its remarkable pricing power, premium product quality, and unparalleled brand strength, the company achieves the industry's highest retail prices and profit margins.

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