Michang Oil Ind Co (XKRX:003650) Accounts Payable & Accrued Expense : ₩43,797 Mil (As of Mar. 2024)

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What is Michang Oil Ind Co Accounts Payable & Accrued Expense?

Michang Oil Ind Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (₩35,611 Mil) to Dec. 2023 (₩31,148 Mil) but then increased from Dec. 2023 (₩31,148 Mil) to Mar. 2024 (₩43,797 Mil).

Michang Oil Ind Co's annual accounts payable & accrued expense declined from Dec. 2021 (₩34,834 Mil) to Dec. 2022 (₩28,326 Mil) but then increased from Dec. 2022 (₩28,326 Mil) to Dec. 2023 (₩31,148 Mil).

Michang Oil Ind Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Michang Oil Ind 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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Michang Oil Ind Co Accounts Payable & Accrued Expense Chart

Michang Oil Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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30,681.99

25,280.59

34,833.77

28,326.39

31,147.58

Michang Oil Ind Co 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															38,665.98	28,116.18	35,611.06	31,147.58	43,797.34

Michang Oil Ind 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.

Michang Oil Ind Co (XKRX:003650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Michang Oil Ind Co Ltd (XKRX:003650) » Definitions » Accounts Payable & Accrued Expense

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Address

241, Haeyang-ro, Yeongdo-gu, Busan, KOR

Website

http://www.michang.co.kr

Michang Oil Ind Co Ltd is engaged in the petrochemical business in South Korea. It offers automotive lubricants, including premium motor, gasoline motor, diesel motor, and automotive gear oils, as well as auto transmission fluids and other application motor oils; and industrial lubricants, such as turbine, hydraulic, compressor, and industrial gear oils, as well as heat transfer fluids.

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