Qingdao Hanhe Cable Co (SZSE:002498) Accounts Payable & Accrued Expense : ¥699 Mil (As of Mar. 2024)

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What is Qingdao Hanhe Cable Co Accounts Payable & Accrued Expense?

Qingdao Hanhe Cable Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥844 Mil) to Dec. 2023 (¥798 Mil) and declined from Dec. 2023 (¥798 Mil) to Mar. 2024 (¥699 Mil).

Qingdao Hanhe Cable Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥1,052 Mil) to Dec. 2022 (¥703 Mil) but then increased from Dec. 2022 (¥703 Mil) to Dec. 2023 (¥798 Mil).

Qingdao Hanhe Cable Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Qingdao Hanhe Cable 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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Qingdao Hanhe Cable Co Accounts Payable & Accrued Expense Chart

Qingdao Hanhe Cable Co Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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433.33

628.96

1,051.97

703.24

798.17

Qingdao Hanhe Cable 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															844.56	934.13	843.95	798.17	699.18

Qingdao Hanhe Cable 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.

Qingdao Hanhe Cable Co (SZSE:002498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Hanhe Cable Co Ltd (SZSE:002498) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No.6 Lishan(E) Industrial Park, Qingdao, Shandong, CHN, 266102

Website

http://www.hanhe-cable.com

Qingdao Hanhe Cable Co Ltd is engaged in the research, development, and manufacture of wires and cables in China. The company offers power cables, cable accessories, submarine cables, optical power composite cables, electrical equipment wires and cables, overhead conductors, communication cables, radio-frequency cables, bus bar and prefabricated branch cables, nuclear plant cables, fire-resistant cables, and DC series cables.

Qingdao Hanhe Cable Co (SZSE:002498) Headlines

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