Bank of Communications Co (SHSE:601328) Accounts Payable & Accrued Expense : ¥22,860 Mil (As of Mar. 2024)

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What is Bank of Communications Co Accounts Payable & Accrued Expense?

Bank of Communications Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥18,948 Mil) to Dec. 2023 (¥27,800 Mil) but then declined from Dec. 2023 (¥27,800 Mil) to Mar. 2024 (¥22,860 Mil).

Bank of Communications Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥24,765 Mil) to Dec. 2022 (¥25,550 Mil) and increased from Dec. 2022 (¥25,550 Mil) to Dec. 2023 (¥27,800 Mil).

Bank of Communications Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Bank of Communications 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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Bank of Communications Co Accounts Payable & Accrued Expense Chart

Bank of Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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22,740.00

19,585.00

24,765.00

25,550.00

27,800.00

Bank of Communications 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															21,911.00	19,754.00	18,948.00	27,800.00	22,860.00

Bank of Communications 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.

Bank of Communications Co (SHSE:601328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Communications Co Ltd (SHSE:601328) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

BCMXY:USA 03328:Hong Kong C4C:Germany

Address

No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120

Website

https://www.bankcomm.com

Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.

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