Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Accounts Payable & Accrued Expense : ¥38.8 Mil (As of Mar. 2024)

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What is Shanghai National Center of Testing & Inspection for Electric Cable & Wire Accounts Payable & Accrued Expense?

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥43.4 Mil) to Dec. 2023 (¥47.9 Mil) but then declined from Dec. 2023 (¥47.9 Mil) to Mar. 2024 (¥38.8 Mil).

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's annual accounts payable & accrued expense declined from Dec. 2021 (¥56.6 Mil) to Dec. 2022 (¥44.5 Mil) but then increased from Dec. 2022 (¥44.5 Mil) to Dec. 2023 (¥47.9 Mil).

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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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Shanghai National Center of Testing & Inspection for Electric Cable & Wire Accounts Payable & Accrued Expense Chart

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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17.18

73.01

56.59

44.52

47.90

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Quarterly Data
	Dec18	Dec19	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												39.55	40.10	43.44	47.90	38.85

Shanghai National Center of Testing & Inspection for Electric Cable & Wire 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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) » Definitions » Accounts Payable & Accrued Expense

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Address

No. 888 Zhenchen Road, Baoshan District, Shanghai, CHN, 200444

Website

http://www.ticw.com.cn

Shanghai National Center of Testing & Inspection for Electric Cable & Wire is involved in the testing and inspection services for wire, cable and fiber optic cables. The main business scope includes testing, calibration, inspection, proficiency testing, 3C certification and production license testing, engineering application technical services, standardization services and others.

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