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United Faith Auto Engineering Co (SZSE:301112) Accounts Payable & Accrued Expense : ¥91.5 Mil (As of Mar. 2024)


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What is United Faith Auto Engineering Co Accounts Payable & Accrued Expense?

United Faith Auto Engineering Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥98.0 Mil) to Dec. 2023 (¥112.0 Mil) but then declined from Dec. 2023 (¥112.0 Mil) to Mar. 2024 (¥91.5 Mil).

United Faith Auto Engineering Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥156.6 Mil) to Dec. 2022 (¥140.7 Mil) and declined from Dec. 2022 (¥140.7 Mil) to Dec. 2023 (¥112.0 Mil).


United Faith Auto Engineering Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for United Faith Auto Engineering 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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United Faith Auto Engineering Co Accounts Payable & Accrued Expense Chart

United Faith Auto Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial 153.59 104.42 156.56 140.67 111.95

United Faith Auto Engineering Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 105.26 123.65 98.03 111.95 91.53

United Faith Auto Engineering 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.


United Faith Auto Engineering Co (SZSE:301112) Business Description

Traded in Other Exchanges
N/A
Address
North side of Checheng Avenue, Auto City, Huadu District, Guangdong Province, Guangzhou, CHN, 510800
United Faith Auto Engineering Co Ltd is engaged in the research and development, Design, manufacturing, assembly and sales of automotive intelligence, automated production lines and complete sets of equipment.

United Faith Auto Engineering Co (SZSE:301112) Headlines

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