Ningbo Cixing Co (SZSE:300307) Accounts Payable & Accrued Expense : ¥1,148 Mil (As of Mar. 2024)

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What is Ningbo Cixing Co Accounts Payable & Accrued Expense?

Ningbo Cixing Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥1,075 Mil) to Dec. 2023 (¥1,030 Mil) but then increased from Dec. 2023 (¥1,030 Mil) to Mar. 2024 (¥1,148 Mil).

Ningbo Cixing Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥865 Mil) to Dec. 2022 (¥969 Mil) and increased from Dec. 2022 (¥969 Mil) to Dec. 2023 (¥1,030 Mil).

Ningbo Cixing Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ningbo Cixing 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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Ningbo Cixing Co Accounts Payable & Accrued Expense Chart

Ningbo Cixing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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464.24

628.34

865.06

969.40

1,030.34

Ningbo Cixing 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															1,072.44	1,100.31	1,074.83	1,030.34	1,147.87

Ningbo Cixing 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.

Ningbo Cixing Co (SZSE:300307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Cixing Co Ltd (SZSE:300307) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

West Weisan Road, Andong Town Industrial Zone, Cixi, CHN, 315327

Website

http://www.ci-xing.com

Ningbo Cixing Co Ltd is engaged in the research and development, manufacture and distribution of computerized knitting machines. The company's main products include computerized flat knitting machines, computerized seamless underwear circular knitting machines, stocking machine, and circular knitting machine.

Executives

Lu De Chun	Executives
Liu Dao Cheng	Executives
Hu Xue Qun	Supervisors
Sun Ping Fan	Directors, executives
Yang Xue Lan	Securities Affairs Representative
Li Li Jun	Directors, executives

Ningbo Cixing Co (SZSE:300307) Headlines

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