Luohe Letone Hydraulics Technology Co (BJSE:832225) Accounts Payable & Accrued Expense : ¥90.3 Mil (As of Mar. 2024)

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What is Luohe Letone Hydraulics Technology Co Accounts Payable & Accrued Expense?

Luohe Letone Hydraulics Technology Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥97.0 Mil) to Dec. 2023 (¥96.1 Mil) and declined from Dec. 2023 (¥96.1 Mil) to Mar. 2024 (¥90.3 Mil).

Luohe Letone Hydraulics Technology Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥98.0 Mil) to Dec. 2022 (¥109.1 Mil) but then declined from Dec. 2022 (¥109.1 Mil) to Dec. 2023 (¥96.1 Mil).

Luohe Letone Hydraulics Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Luohe Letone Hydraulics Technology 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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Luohe Letone Hydraulics Technology Co Accounts Payable & Accrued Expense Chart

Luohe Letone Hydraulics Technology Co Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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48.11

60.17

98.00

109.14

96.06

Luohe Letone Hydraulics Technology Co Quarterly Data
	Dec18	Jun19	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															103.76	101.48	96.96	96.06	90.30

Luohe Letone Hydraulics Technology 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.

Luohe Letone Hydraulics Technology Co (BJSE:832225) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Luohe Letone Hydraulics Technology Co Ltd (BJSE:832225) » Definitions » Accounts Payable & Accrued Expense

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Address

No. 88, Dongfanghong Road, National Luohe Economic and Technological Development Zone, Henan Province, Luohe City, CHN, 462000

Website

https://www.letone.cn

Luohe Letone Hydraulics Technology Co Ltd is engaged in research and development, production, and sales of rubber hydraulic hoses. It is focused on polymer material blending, polymer material modification, hydraulic hoses, oil drilling hoses, fracturing hoses, rubber-plastic composite hoses, ultra-high pressure resin hoses, and fluid connections. It provides high-efficiency solutions for fluid transportation, high-performance solutions for polymer material blends, and high-efficiency transportation for shale oil and gas stimulation and acid fracturing pipelines.

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