Yantai Jereh Oilfield Services Group Co (SZSE:002353) Accounts Payable & Accrued Expense : ¥5,466 Mil (As of Mar. 2024)

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What is Yantai Jereh Oilfield Services Group Co Accounts Payable & Accrued Expense?

Yantai Jereh Oilfield Services Group Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥5,253 Mil) to Dec. 2023 (¥5,722 Mil) but then declined from Dec. 2023 (¥5,722 Mil) to Mar. 2024 (¥5,466 Mil).

Yantai Jereh Oilfield Services Group Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥3,564 Mil) to Dec. 2022 (¥6,256 Mil) but then declined from Dec. 2022 (¥6,256 Mil) to Dec. 2023 (¥5,722 Mil).

Yantai Jereh Oilfield Services Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Yantai Jereh Oilfield Services Group 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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Yantai Jereh Oilfield Services Group Co Accounts Payable & Accrued Expense Chart

Yantai Jereh Oilfield Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3,428.42

3,396.41

3,564.43

6,256.19

5,722.22

Yantai Jereh Oilfield Services Group Co Quarterly Data
	Jun19	Sep19	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															5,715.55	5,504.54	5,253.03	5,722.22	5,466.38

Yantai Jereh Oilfield Services Group 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.

Yantai Jereh Oilfield Services Group Co (SZSE:002353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yantai Jereh Oilfield Services Group Co Ltd (SZSE:002353) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 7,Aucma Street, Laishan District, Shandong Province, Yantai, CHN, 264003

Website

http://www.jereh.com

Yantai Jereh Oilfield Services Group Co Ltd is a China-based company engaged in the manufacturing of oilfield equipment and the provision of oilfield services. It is engaged in drilling equipment and oil & gas field engineering equipment manufacturing, equipment maintenance and accessories sales, oil field engineering technology services, as well as oil & gas field construction services. The company conducts its businesses within domestic and overseas markets.

Executives

Lu Wei	Executives
Li Zhi Yong	Executives
Li Hui Tao	Director
Liu Zhen Feng	Director
Sun Wei Jie	Director
Wang Kun Xiao	Director
Dong Ting Ting	Supervisors
Wang Ji Li	Director
Liu Dong	Director
Li Xue Feng	Executives
Liu Yu Qiao	Supervisors
Cheng Yong Feng	Secretary Dong
Hu Wen Guo	Supervisors
Yu Xi Mao	Independent director
Yan Yu Li	Executives

Yantai Jereh Oilfield Services Group Co (SZSE:002353) Headlines

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