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YGMZ (MingZhu Logistics Holdings) Accounts Payable & Accrued Expense : $62.41 Mil (As of Dec. 2023)


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What is MingZhu Logistics Holdings Accounts Payable & Accrued Expense?

MingZhu Logistics Holdings's quarterly accounts payable & accrued expense increased from Dec. 2022 ($29.72 Mil) to Jun. 2023 ($52.21 Mil) and increased from Jun. 2023 ($52.21 Mil) to Dec. 2023 ($62.41 Mil).

MingZhu Logistics Holdings's annual accounts payable & accrued expense increased from Dec. 2021 ($24.04 Mil) to Dec. 2022 ($29.72 Mil) and increased from Dec. 2022 ($29.72 Mil) to Dec. 2023 ($62.41 Mil).


MingZhu Logistics Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for MingZhu Logistics Holdings'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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MingZhu Logistics Holdings Accounts Payable & Accrued Expense Chart

MingZhu Logistics Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial 5.14 5.66 24.04 29.72 62.41

MingZhu Logistics Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.04 33.43 29.72 52.21 62.41

MingZhu Logistics Holdings 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.


MingZhu Logistics Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081
MingZhu Logistics Holdings Ltd is a Holding company. Its business activities include trucking services and car owner services. Its segments are the trucking business, car owner services business, and liquor distribution business. It generates the majority of its revenue from the trucking segment.