Xi an Novastar Tech Co (SZSE:301589) Accounts Payable & Accrued Expense : ¥868 Mil (As of Mar. 2024)

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What is Xi an Novastar Tech Co Accounts Payable & Accrued Expense?

Xi an Novastar Tech Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥924 Mil) to Dec. 2023 (¥1,111 Mil) but then declined from Dec. 2023 (¥1,111 Mil) to Mar. 2024 (¥868 Mil).

Xi an Novastar Tech Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥607 Mil) to Dec. 2022 (¥758 Mil) and increased from Dec. 2022 (¥758 Mil) to Dec. 2023 (¥1,111 Mil).

Xi an Novastar Tech Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Xi an Novastar Tech 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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Xi an Novastar Tech Co Accounts Payable & Accrued Expense Chart

Xi an Novastar Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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392.57

314.57

606.92

757.62

1,111.02

Xi an Novastar Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial											-	643.24	924.04	1,111.02	868.21

Xi an Novastar Tech 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.

Xi an Novastar Tech Co (SZSE:301589) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xi an Novastar Tech Co Ltd (SZSE:301589) » Definitions » Accounts Payable & Accrued Expense

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Xi an Novastar Tech Co Ltd is engaged in the research and application of video and display control core algorithms to provide users with professional comprehensive software and hardware solutions. It focuses on LED display applications and provides over 4000 customers with full link solutions from video processing to display control.

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