Mingxin New Material Co (SHSE:605068) Accounts Payable & Accrued Expense : ¥665 Mil (As of Mar. 2025)

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What is Mingxin New Material Co Accounts Payable & Accrued Expense?

Mingxin New Material Co's quarterly accounts payable & accrued expense increased from Sep. 2024 (¥455 Mil) to Dec. 2024 (¥628 Mil) and increased from Dec. 2024 (¥628 Mil) to Mar. 2025 (¥665 Mil).

Mingxin New Material Co's annual accounts payable & accrued expense increased from Dec. 2022 (¥360 Mil) to Dec. 2023 (¥374 Mil) and increased from Dec. 2023 (¥374 Mil) to Dec. 2024 (¥628 Mil).

Mingxin New Material Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Mingxin New Material 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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Mingxin New Material Co Accounts Payable & Accrued Expense Chart

Mingxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Payable & Accrued Expense

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272.80

304.53

359.93

373.52

628.09

Mingxin New Material Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															477.49	451.60	454.75	628.09	665.05

Mingxin New Material 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.

Mingxin New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mingxin New Material Co Ltd (SHSE:605068) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

Mingxin Road, No. 188, Daqiao Town, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.mingxinleather.com

Mingxin New Material Co Ltd is engaged in development, production and sales of automotive leather. The company's product is automotive interior leather, which is mainly used in automotive interior products such as seats, steering wheels, instrument panels, door panels and other high-end passenger cars.

Executives

Liu Xian Jun	Directors, senior managers
Zhao Cheng Jin	senior management
Xu Xing Chun	Director
Shen Dan	senior management
Lv Qing Qing	senior management
Zhuang Jun Xin	Director
Yu Hai Jie	Director

Mingxin New Material Co Headlines

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