Tongcheng Travel Holdings (HKSE:00780) Accounts Payable & Accrued Expense : HK$6,016 Mil (As of Dec. 2023)

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What is Tongcheng Travel Holdings Accounts Payable & Accrued Expense?

Tongcheng Travel Holdings's quarterly accounts payable & accrued expense increased from Jun. 2023 (HK$6,186 Mil) to Sep. 2023 (HK$9,460 Mil) but then declined from Sep. 2023 (HK$9,460 Mil) to Dec. 2023 (HK$6,016 Mil).

Tongcheng Travel Holdings's annual accounts payable & accrued expense increased from Dec. 2021 (HK$4,080 Mil) to Dec. 2022 (HK$4,398 Mil) and increased from Dec. 2022 (HK$4,398 Mil) to Dec. 2023 (HK$6,016 Mil).

Tongcheng Travel Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Tongcheng Travel 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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Tongcheng Travel Holdings Accounts Payable & Accrued Expense Chart

Tongcheng Travel Holdings Annual Data

Trend

Dec15

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Dec19

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Dec23

Accounts Payable & Accrued Expense

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6,013.58

3,448.10

4,080.35

4,398.16

6,015.82

Tongcheng Travel Holdings 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															4,398.16	8,374.35	6,185.70	9,460.15	6,015.82

Tongcheng Travel 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.

Tongcheng Travel Holdings (HKSE:00780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tongcheng Travel Holdings Ltd (HKSE:00780) » Definitions » Accounts Payable & Accrued Expense

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TEM:Germany

Address

No. 188, Yuxin Road, Tongcheng Mansion, Suzhou Industrial Park, Jiangsu, CHN

Website

https://www.tongchengir.com

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

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