Titan Petrochemicals Group (Titan Petrochemicals Group) Accounts Payable & Accrued Expense : $59.91 Mil (As of Jun. 2020)

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What is Titan Petrochemicals Group Accounts Payable & Accrued Expense?

Titan Petrochemicals Group's quarterly accounts payable & accrued expense declined from Jun. 2019 ($121.61 Mil) to Dec. 2019 ($48.73 Mil) but then increased from Dec. 2019 ($48.73 Mil) to Jun. 2020 ($59.91 Mil).

Titan Petrochemicals Group's annual accounts payable & accrued expense declined from Dec. 2017 ($117.47 Mil) to Dec. 2018 ($117.24 Mil) and declined from Dec. 2018 ($117.24 Mil) to Dec. 2019 ($48.73 Mil).

Titan Petrochemicals Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Titan Petrochemicals Group'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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Titan Petrochemicals Group Accounts Payable & Accrued Expense Chart

Titan Petrochemicals Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Accounts Payable & Accrued Expense

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327.77

56.58

117.47

117.24

48.73

Titan Petrochemicals Group Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															118.60	117.24	121.61	48.73	59.91

Titan Petrochemicals Group 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.

Titan Petrochemicals Group (Titan Petrochemicals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Titan Petrochemicals Group Ltd (OTCPK:TIPGF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

303 Hennessy Road, Room 802, 8th Floor, OfficePlus@Wan Chai, Wanchai, Hong Kong, HKG

Website

http://www.petrotitan.com

Titan Petrochemicals Group Ltd is principally engaged in the business of construction and repair of the ship, and upstream and downstream oil and gas business. It is also engaged in providing logistics, transportation, distribution, and marine services for petrochemical products in the Asia Pacific region. It operates through two business units: Trading of commodities; and Shipbuilding, ship repairing and manufacturing of steel structure. It earns all its revenues from China.

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