Beijing Piesat Information Technology Co (SHSE:688066) Accounts Payable & Accrued Expense : ¥796 Mil (As of Mar. 2024)

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What is Beijing Piesat Information Technology Co Accounts Payable & Accrued Expense?

Beijing Piesat Information Technology Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥749 Mil) to Dec. 2023 (¥746 Mil) but then increased from Dec. 2023 (¥746 Mil) to Mar. 2024 (¥796 Mil).

Beijing Piesat Information Technology Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥302 Mil) to Dec. 2022 (¥651 Mil) and increased from Dec. 2022 (¥651 Mil) to Dec. 2023 (¥746 Mil).

Beijing Piesat Information Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Beijing Piesat Information Technology 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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Beijing Piesat Information Technology Co Accounts Payable & Accrued Expense Chart

Beijing Piesat Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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119.04

228.83

302.16

651.18

746.01

Beijing Piesat Information Technology 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															607.64	644.52	748.54	746.01	796.43

Beijing Piesat Information Technology 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.

Beijing Piesat Information Technology Co (SHSE:688066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Piesat Information Technology Co Ltd (SHSE:688066) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Xingshikou Road, Room 301, 3rd Floor, Building 5, 4th District, Haidian District, Beijing, CHN, 100195

Website

http://www.piesat.com.cn

Beijing Piesat Information Technology Co Ltd is a satellite application service provider in China. It is one of the first platform companies in china to engage in satellite applications and spatiotemporal big data empowerment industries. Its business model of digitization and information services, which is a domestic and internationally advanced smart earth spatio-temporal big data service provider. The company provides a full range of products and services which is based on multi-source remote sensing big data that is developed based on the independent intellectual property PIE-Engine remote sensing cloud service platform.

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