VNET Group (VNET Group) Accounts Payable & Accrued Expense : $489 Mil (As of Dec. 2023)

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What is VNET Group Accounts Payable & Accrued Expense?

VNET Group's quarterly accounts payable & accrued expense declined from Jun. 2023 ($533 Mil) to Sep. 2023 ($512 Mil) and declined from Sep. 2023 ($512 Mil) to Dec. 2023 ($489 Mil).

VNET Group's annual accounts payable & accrued expense declined from Dec. 2021 ($404 Mil) to Dec. 2022 ($403 Mil) but then increased from Dec. 2022 ($403 Mil) to Dec. 2023 ($489 Mil).

VNET Group Accounts Payable & Accrued Expense Historical Data

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

VNET Group Annual Data

Trend

Dec14

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Dec20

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Dec23

Accounts Payable & Accrued Expense

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213.44

305.99

404.19

403.43

489.01

VNET Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															403.43	453.69	533.19	512.17	489.01

VNET 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.

VNET Group (VNET Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

217A:Germany

Address

No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016

Website

https://www.vnet.com

VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.