Ningbo Xusheng Group Co (SHSE:603305) Accounts Payable & Accrued Expense : ¥1,579 Mil (As of Mar. 2024)

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What is Ningbo Xusheng Group Co Accounts Payable & Accrued Expense?

Ningbo Xusheng Group Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥1,472 Mil) to Dec. 2023 (¥1,530 Mil) and increased from Dec. 2023 (¥1,530 Mil) to Mar. 2024 (¥1,579 Mil).

Ningbo Xusheng Group Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥1,869 Mil) to Dec. 2022 (¥1,926 Mil) but then declined from Dec. 2022 (¥1,926 Mil) to Dec. 2023 (¥1,530 Mil).

Ningbo Xusheng Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ningbo Xusheng Group 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 Xusheng Group Co Accounts Payable & Accrued Expense Chart

Ningbo Xusheng Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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433.12

974.26

1,868.78

1,925.68

1,529.80

Ningbo Xusheng Group 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															1,741.75	1,623.08	1,471.66	1,529.80	1,578.98

Ningbo Xusheng Group 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 Xusheng Group Co (SHSE:603305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Xusheng Group Co Ltd (SHSE:603305) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No. 68, Yanshan Hebei Road, Beilun District, Zhejiang, Ningbo, CHN, 315806

Website

http://www.nbxus.com

Ningbo Xusheng Group Co Ltd is engaged in the R&D, production and sales of precision aluminum alloy automotive parts and industrial aluminum alloy parts for thermoforming die-casting and forging. Its products are mainly used in new energy and traditional automotive industries and other machinery manufacturing industries.

Executives

Xu Xu Dong	Director
Ding Hai Ping	Supervisors

Ningbo Xusheng Group Co (SHSE:603305) Headlines

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