Shandong Fiberglass Group Co (SHSE:605006) Accounts Payable & Accrued Expense : ¥1,245 Mil (As of Mar. 2024)

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What is Shandong Fiberglass Group Co Accounts Payable & Accrued Expense?

Shandong Fiberglass Group Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥791 Mil) to Dec. 2023 (¥1,336 Mil) but then declined from Dec. 2023 (¥1,336 Mil) to Mar. 2024 (¥1,245 Mil).

Shandong Fiberglass Group Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥448 Mil) to Dec. 2022 (¥410 Mil) but then increased from Dec. 2022 (¥410 Mil) to Dec. 2023 (¥1,336 Mil).

Shandong Fiberglass Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shandong Fiberglass 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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Shandong Fiberglass Group Co Accounts Payable & Accrued Expense Chart

Shandong Fiberglass Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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323.86

343.74

447.97

410.16

1,335.74

Shandong Fiberglass 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															398.53	459.46	790.69	1,335.74	1,244.58

Shandong Fiberglass 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.

Shandong Fiberglass Group Co (SHSE:605006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Fiberglass Group Co Ltd (SHSE:605006) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

Yishui County Industrial Park, Shandong Province, Linyi, CHN, 276400

Website

http://www.glasstex.cn

Shandong Fiberglass Group Co Ltd is engaged in production and sales of glass fiber and its products. The company's products include Glass fiber yarn and Fiberglass products.

Shandong Fiberglass Group Co (SHSE:605006) Headlines

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