Qingling Motors Co (HKSE:01122) Accounts Payable & Accrued Expense : HK$1,944 Mil (As of Dec. 2023)

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What is Qingling Motors Co Accounts Payable & Accrued Expense?

Qingling Motors Co's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$2,209 Mil) to Jun. 2023 (HK$1,986 Mil) and declined from Jun. 2023 (HK$1,986 Mil) to Dec. 2023 (HK$1,944 Mil).

Qingling Motors Co's annual accounts payable & accrued expense declined from Dec. 2021 (HK$2,600 Mil) to Dec. 2022 (HK$2,209 Mil) and declined from Dec. 2022 (HK$2,209 Mil) to Dec. 2023 (HK$1,944 Mil).

Qingling Motors Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Qingling Motors 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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Qingling Motors Co Accounts Payable & Accrued Expense Chart

Qingling Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2,401.83

2,879.80

2,599.53

2,208.65

1,943.79

Qingling Motors Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2,599.53	2,473.24	2,208.65	1,986.32	1,943.79

Qingling Motors 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.

Qingling Motors Co (HKSE:01122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingling Motors Co Ltd (HKSE:01122) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

QIN:Germany

Address

1 Xiexing Cun, Zhongliangshan, Jiulongpo District, Chongqing, CHN, 400052

Website

https://www.qingling.com.cn

Qingling Motors Co Ltd is a Chinese company which is engaged in the production and sale of Isuzu light, medium and heavy-duty trucks, pick-up trucks, multi-purpose vehicles and diesel and petrol engines. It also focuses on the manufacturing and sales of automobile parts and accessories. The company organizes its business into five segments namely Light-duty trucks and chassis; Pickup trucks and chassis; Medium and heavy-duty trucks and chassis; and Automobile parts, accessories and others. It also focuses on research and development activity for product, material, mould and process and fixtures. The company earns the majority of its revenue from the sale of trucks and vehicles in the People's Republic of China.

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