Zhejiang Meili High Technology Co (SZSE:300611) Accounts Payable & Accrued Expense : ¥377 Mil (As of Mar. 2024)

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What is Zhejiang Meili High Technology Co Accounts Payable & Accrued Expense?

Zhejiang Meili High Technology Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥380 Mil) to Dec. 2023 (¥433 Mil) but then declined from Dec. 2023 (¥433 Mil) to Mar. 2024 (¥377 Mil).

Zhejiang Meili High Technology Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥319 Mil) to Dec. 2022 (¥367 Mil) and increased from Dec. 2022 (¥367 Mil) to Dec. 2023 (¥433 Mil).

Zhejiang Meili High Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Zhejiang Meili High Technology 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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Zhejiang Meili High Technology Co Accounts Payable & Accrued Expense Chart

Zhejiang Meili High Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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161.83

240.94

318.67

367.08

432.55

Zhejiang Meili High Technology 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															304.63	331.64	380.35	432.55	377.44

Zhejiang Meili High Technology 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.

Zhejiang Meili High Technology Co (SZSE:300611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Meili High Technology Co Ltd (SZSE:300611) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1365 West Xinchang Avenue, Zhejiang, Xinchang, CHN, 312500

Website

http://www.china-springs.com

Zhejiang Meili High Technology Co Ltd is a China based company engages in the provision of automotive products. Its products portfolio includes power system spring, suspension system spring, car body and interior spring, universal spring and other spring. Its product range focuses on automotive, covering motorcycle, engineering machinery, petroleum transport and conveying, precision instrument, sport apparatus and mechanical device.

Executives

Zhang Bi Hong	Director
Zhang Zhu Jun	Directors, executives
Wang Guo Lian	Directors, executives

Zhejiang Meili High Technology Co (SZSE:300611) Headlines

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