China Oilfield Services (China Oilfield Services) Accounts Payable & Accrued Expense : $2,075 Mil (As of Mar. 2024)

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What is China Oilfield Services Accounts Payable & Accrued Expense?

China Oilfield Services's quarterly accounts payable & accrued expense increased from Sep. 2023 ($1,926 Mil) to Dec. 2023 ($2,218 Mil) but then declined from Dec. 2023 ($2,218 Mil) to Mar. 2024 ($2,075 Mil).

China Oilfield Services's annual accounts payable & accrued expense increased from Dec. 2021 ($1,609 Mil) to Dec. 2022 ($1,830 Mil) and increased from Dec. 2022 ($1,830 Mil) to Dec. 2023 ($2,218 Mil).

China Oilfield Services Accounts Payable & Accrued Expense Historical Data

The historical data trend for China Oilfield Services'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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China Oilfield Services Accounts Payable & Accrued Expense Chart

China Oilfield Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,691.19

1,584.44

1,608.65

1,830.33

2,217.82

China Oilfield Services 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															1,752.48	1,878.75	1,925.92	2,217.82	2,075.11

China Oilfield Services 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.

China Oilfield Services (China Oilfield Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oilfield Services Ltd (OTCPK:CHOLF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

02883:Hong Kong CO9:Germany 601808:China

Address

201 Haiyou Avenue, Yanjiao Economic & Technological Development Zone, Hebei Province, Sanhe City, CHN, 065201

Website

https://www.cosl.com.cn

China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments; the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying.