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Lotus Technology (Lotus Technology) Accounts Payable & Accrued Expense : $980.2 Mil (As of Dec. 2023)


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What is Lotus Technology Accounts Payable & Accrued Expense?

Lotus Technology's quarterly accounts payable & accrued expense increased from Dec. 2022 ($486.8 Mil) to Jun. 2023 ($642.3 Mil) and increased from Jun. 2023 ($642.3 Mil) to Dec. 2023 ($980.2 Mil).

Lotus Technology's annual accounts payable & accrued expense declined from Dec. 2021 ($546.5 Mil) to Dec. 2022 ($486.8 Mil) but then increased from Dec. 2022 ($486.8 Mil) to Dec. 2023 ($980.2 Mil).

Lotus Technology Accounts Payable & Accrued Expense Historical Data

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

Lotus Technology Annual Data
Trend Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
546.47 486.81 980.16

Lotus Technology Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable & Accrued Expense 546.47 - 486.81 642.26 980.16

Lotus Technology 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.

Lotus Technology (Lotus Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Accounts Payable & Accrued Expense
Comparable Companies
Traded in Other Exchanges
5EP:Germany
Address
No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120
Website
https://www.group-lotus.com
Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand.

Lotus Technology (Lotus Technology) Headlines

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