Shenzhen Tongye Technology Co (SZSE:300960) Accounts Payable & Accrued Expense : ¥163.5 Mil (As of Mar. 2024)

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What is Shenzhen Tongye Technology Co Accounts Payable & Accrued Expense?

Shenzhen Tongye Technology Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥138.6 Mil) to Dec. 2023 (¥160.7 Mil) and increased from Dec. 2023 (¥160.7 Mil) to Mar. 2024 (¥163.5 Mil).

Shenzhen Tongye Technology Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥143.5 Mil) to Dec. 2022 (¥139.4 Mil) but then increased from Dec. 2022 (¥139.4 Mil) to Dec. 2023 (¥160.7 Mil).

Shenzhen Tongye Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shenzhen Tongye 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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Shenzhen Tongye Technology Co Accounts Payable & Accrued Expense Chart

Shenzhen Tongye Technology Co Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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170.19

137.11

143.52

139.42

160.70

Shenzhen Tongye 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															132.45	132.60	138.65	160.70	163.48

Shenzhen Tongye 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.

Shenzhen Tongye Technology Co (SZSE:300960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Tongye Technology Co Ltd (SZSE:300960) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Guanguang Road, Guanlan Street, 1st to 4th Floor, No. 3 Factory, Meitai Industrial, Guihua Community, Longhua New District, Guangdong Province, Shenzhen, CHN, 518110

Website

http://www.sz-tongye.com.cn

Shenzhen Tongye Technology Co Ltd is engaged in the development and production of rail transit train power supply products, network control products, energy management systems, motors and fans. The products are widely used in high-speed rail, urban rail vehicles, locomotives, and new energy products at home and abroad.

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