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Ningbo Ocean Shipping Co (SHSE:601022) Accounts Payable & Accrued Expense : ¥1,155 Mil (As of Mar. 2024)


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What is Ningbo Ocean Shipping Co Accounts Payable & Accrued Expense?

Ningbo Ocean Shipping Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥1,461 Mil) to Dec. 2023 (¥1,612 Mil) but then declined from Dec. 2023 (¥1,612 Mil) to Mar. 2024 (¥1,155 Mil).

Ningbo Ocean Shipping Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥1,160 Mil) to Dec. 2022 (¥1,175 Mil) and increased from Dec. 2022 (¥1,175 Mil) to Dec. 2023 (¥1,612 Mil).


Ningbo Ocean Shipping Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ningbo Ocean Shipping 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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Ningbo Ocean Shipping Co Accounts Payable & Accrued Expense Chart

Ningbo Ocean Shipping Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial 1,836.65 1,823.89 1,160.03 1,175.47 1,612.26

Ningbo Ocean Shipping Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,351.08 1,444.92 1,461.01 1,612.26 1,155.29

Ningbo Ocean Shipping 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.


Ningbo Ocean Shipping Co (SHSE:601022) Business Description

Traded in Other Exchanges
N/A
Address
Building 2, Bei'an Fortune Center,, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315020
Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.

Ningbo Ocean Shipping Co (SHSE:601022) Headlines

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