Meituan (HKSE:03690) Accounts Payable & Accrued Expense : HK$62,406 Mil (As of Dec. 2023)

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What is Meituan Accounts Payable & Accrued Expense?

Meituan's quarterly accounts payable & accrued expense increased from Jun. 2023 (HK$49,846 Mil) to Sep. 2023 (HK$63,091 Mil) but then declined from Sep. 2023 (HK$63,091 Mil) to Dec. 2023 (HK$62,406 Mil).

Meituan's annual accounts payable & accrued expense declined from Dec. 2021 (HK$45,801 Mil) to Dec. 2022 (HK$43,235 Mil) but then increased from Dec. 2022 (HK$43,235 Mil) to Dec. 2023 (HK$62,406 Mil).

Meituan Accounts Payable & Accrued Expense Historical Data

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

Meituan Annual Data

Trend

Dec15

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Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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23,430.45

35,119.33

45,801.31

43,235.26

62,406.34

Meituan Quarterly Data
	Apr18	Dec18	Jun19	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															43,235.26	52,857.83	49,845.79	63,090.61	62,406.34

Meituan 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.

Meituan (HKSE:03690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meituan (HKSE:03690) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MPNGY:USA MPNGF:USA 9MD:Germany

Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the quarter-ended Sept. 30, 2021, the firm generated 54.2% of revenue from food delivery services, 17.7% from hotel booking, coupon sales, advertising, and 28.1% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.

Executives

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Wang Xing
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Mu Rongjun
Tencent Holdings Limited
Cantrust (far East) Limited
Crown Holdings Asia Limited	2101 Beneficial owner
Songtao Limited	2201 Interest of corporation controlled by you
Charmway Enterprises Company Limited	2101 Beneficial owner
Day One Holdings Limited	2201 Interest of corporation controlled by you
Huai River Investment Limited
Tencent Mobility Limited

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