Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Accounts Payable & Accrued Expense : ¥1,426 Mil (As of Mar. 2024)

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What is Jiangsu Rainbow Heavy Industries Co Accounts Payable & Accrued Expense?

Jiangsu Rainbow Heavy Industries Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥1,528 Mil) to Dec. 2023 (¥1,689 Mil) but then declined from Dec. 2023 (¥1,689 Mil) to Mar. 2024 (¥1,426 Mil).

Jiangsu Rainbow Heavy Industries Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥1,094 Mil) to Dec. 2022 (¥1,935 Mil) but then declined from Dec. 2022 (¥1,935 Mil) to Dec. 2023 (¥1,689 Mil).

Jiangsu Rainbow Heavy Industries Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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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Jiangsu Rainbow Heavy Industries Co Accounts Payable & Accrued Expense Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,105.04

1,469.90

1,094.22

1,934.54

1,688.59

Jiangsu Rainbow Heavy Industries 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															1,620.48	1,645.10	1,528.39	1,688.59	1,425.55

Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Executives

Sha Ming Jun	Director
Wu Jian	Directors, executives
Xie Gui Xing	Directors, executives, directors
Sun Jian Cheng	Executives
Li Xiao Qin	Executives
Lin Bo	Executives

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

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