Dongguan Mentech Optical & Magnetic Co (SZSE:002902) Accounts Payable & Accrued Expense : ¥695 Mil (As of Mar. 2024)

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What is Dongguan Mentech Optical & Magnetic Co Accounts Payable & Accrued Expense?

Dongguan Mentech Optical & Magnetic Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥707 Mil) to Dec. 2023 (¥783 Mil) but then declined from Dec. 2023 (¥783 Mil) to Mar. 2024 (¥695 Mil).

Dongguan Mentech Optical & Magnetic Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥1,121 Mil) to Dec. 2022 (¥851 Mil) and declined from Dec. 2022 (¥851 Mil) to Dec. 2023 (¥783 Mil).

Dongguan Mentech Optical & Magnetic Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Dongguan Mentech Optical & Magnetic 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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Dongguan Mentech Optical & Magnetic Co Accounts Payable & Accrued Expense Chart

Dongguan Mentech Optical & Magnetic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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636.69

994.56

1,121.06

850.92

783.39

Dongguan Mentech Optical & Magnetic 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															859.94	802.25	707.02	783.39	694.75

Dongguan Mentech Optical & Magnetic 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.

Dongguan Mentech Optical & Magnetic Co (SZSE:002902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dongguan Mentech Optical & Magnetic Co Ltd (SZSE:002902) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Middle 9th Road, Shajing Village, Miao Biangwang, Shipai Town, Guangdong Province, Dongguan, CHN, 523330

Website

http://www.mnc-tek.com

Dongguan Mentech Optical & Magnetic Co Ltd is engaged in the research and development and manufacturing of magnetic and optical components and modules. The company has three key product lines: magnetic components, optical components and modules and new energy power supply systems. Its products are widely used in the access network, backbone, metro, fibre optic switches, fibre optic transceivers, digital television, optical communication, motherboards, network switches, routers, set-top boxes and network data communication industries. The company has an operational presence across Beijing, Hong Kong, Taiwan, USA, and Korea.

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