Renxin New Material Co (SZSE:301395) Accounts Payable & Accrued Expense : ¥296 Mil (As of Mar. 2024)

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What is Renxin New Material Co Accounts Payable & Accrued Expense?

Renxin New Material Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥288 Mil) to Dec. 2023 (¥293 Mil) and increased from Dec. 2023 (¥293 Mil) to Mar. 2024 (¥296 Mil).

Renxin New Material Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥89 Mil) to Dec. 2022 (¥321 Mil) but then declined from Dec. 2022 (¥321 Mil) to Dec. 2023 (¥293 Mil).

Renxin New Material Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Renxin New Material 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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Renxin New Material Co Accounts Payable & Accrued Expense Chart

Renxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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78.11

98.85

89.25

320.54

292.54

Renxin New Material Co Quarterly Data
	Dec16	Dec17	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														302.95	300.65	287.64	292.54	296.25

Renxin New Material 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.

Renxin New Material Co (SZSE:301395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Renxin New Material Co Ltd (SZSE:301395) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No. 28, Xiayong Petrochemical Avenue Middle, Daya Bay, Guangdong, Huizhou, CHN, 516082

Website

http://www.hzrxnm.com

Renxin New Material Co Ltd is specialized in polystyrene high Research and development, production and sales of molecular new materials (polystyrene). The main products of Renxin New Materials have been highly recognized by downstream enterprises and established a good market image and brand awareness.

Renxin New Material Co (SZSE:301395) Headlines

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