Zhibao Technology (Zhibao Technology) Accounts Payable & Accrued Expense : $6.99 Mil (As of Jun. 2023)

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What is Zhibao Technology Accounts Payable & Accrued Expense?

Zhibao Technology's quarterly accounts payable & accrued expense increased from Jun. 2022 ($4.87 Mil) to Dec. 2022 ($38.19 Mil) but then declined from Dec. 2022 ($38.19 Mil) to Jun. 2023 ($6.99 Mil).

Zhibao Technology's annual accounts payable & accrued expense increased from Jun. 2021 ($2.81 Mil) to Jun. 2022 ($4.87 Mil) and increased from Jun. 2022 ($4.87 Mil) to Jun. 2023 ($6.99 Mil).

Zhibao Technology Accounts Payable & Accrued Expense Historical Data

The historical data trend for Zhibao Technology'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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Zhibao Technology Accounts Payable & Accrued Expense Chart

Zhibao Technology Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

2.81

4.87

6.99

Zhibao Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Payable & Accrued Expense	2.81	-	4.87	38.19	6.99

Zhibao Technology 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.

Zhibao Technology (Zhibao Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204

Website

https://www.zhibao-tech.com

Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which they pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.

Zhibao Technology (Zhibao Technology) Headlines

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