Airtac International Group (TPE:1590) Accounts Payable & Accrued Expense : NT$5,967 Mil (As of Mar. 2024)

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What is Airtac International Group Accounts Payable & Accrued Expense?

Airtac International Group's quarterly accounts payable & accrued expense declined from Sep. 2023 (NT$5,505 Mil) to Dec. 2023 (NT$2,887 Mil) but then increased from Dec. 2023 (NT$2,887 Mil) to Mar. 2024 (NT$5,967 Mil).

Airtac International Group's annual accounts payable & accrued expense declined from Dec. 2021 (NT$3,415 Mil) to Dec. 2022 (NT$2,975 Mil) and declined from Dec. 2022 (NT$2,975 Mil) to Dec. 2023 (NT$2,887 Mil).

Airtac International Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Airtac International 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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Airtac International Group Accounts Payable & Accrued Expense Chart

Airtac International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2,193.00

2,730.95

3,415.04

2,974.99

2,887.40

Airtac International Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															5,393.41	5,393.79	5,505.15	2,887.40	5,966.54

Airtac International 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.

Airtac International Group (TPE:1590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Airtac International Group (TPE:1590) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

No. 28, Kanxi Road, Xinshi District, Tainan, TWN, 74148

Website

https://global.airtac.com

Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as automotive, machinery manufacturing, electronics, lighting and textile, medical equipment and food and packaging. The firm is the second-largest pneumatic equipment manufacturer in China, with more than 20% market share. AirTAC reported revenue of TWD 26.1 billion in 2022, with more than 90% of sales generated from China.

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