GI Technologies Group Co (SZSE:300309) Accounts Payable & Accrued Expense : ¥681.56 Mil (As of Mar. 2023)

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What is GI Technologies Group Co Accounts Payable & Accrued Expense?

GI Technologies Group Co's quarterly accounts payable & accrued expense declined from Sep. 2022 (¥1,042.31 Mil) to Dec. 2022 (¥671.37 Mil) but then increased from Dec. 2022 (¥671.37 Mil) to Mar. 2023 (¥681.56 Mil).

GI Technologies Group Co's annual accounts payable & accrued expense declined from Dec. 2020 (¥1,226.69 Mil) to Dec. 2021 (¥1,013.17 Mil) and declined from Dec. 2021 (¥1,013.17 Mil) to Dec. 2022 (¥671.37 Mil).

GI Technologies Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for GI Technologies Group 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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GI Technologies Group Co Accounts Payable & Accrued Expense Chart

GI Technologies Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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473.07

1,209.67

1,226.69

1,013.17

671.37

GI Technologies Group Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,011.87	963.19	1,042.31	671.37	681.56

GI Technologies Group 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.

GI Technologies Group Co (SZSE:300309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GI Technologies Group Co Ltd (SZSE:300309) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

Haiying Road, Room 201, 2nd Floor, Building 2, Fengtai District, Beijing, CHN

Website

http://www.gi-tech.cn

GI Technologies Group Co Ltd is engaged in the research and development, manufacturing of petroleum equipment. The company operates through three main businesses: petroleum equipment manufacturing, petroleum engineering services and petrochemical. Its petroleum engineering services comprise well logging service, directional drilling service, and downhole operation service. The petrochemical business is mainly engaged in the oil refining and oil trade. In addition, the company is also engaged in the asset management business. It operates in more than 20 countries and regions at home and abroad.

Executives

Yao Qing	Directors, executives
Xu Bo	Director
Huang Wen Zhi	Director
Gao Huai Xue	Secretary Dong
Fu Da Peng	Supervisors
Feng Yu Ping	Executives
Li Xin Min	Executives
Chen Gang	Independent director
Zhang Feng	Supervisors
He Nian	Supervisors

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