Offshore Oil Engineering Co (SHSE:600583) Accounts Payable & Accrued Expense : ¥13,150 Mil (As of Mar. 2024)

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What is Offshore Oil Engineering Co Accounts Payable & Accrued Expense?

Offshore Oil Engineering Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥13,282 Mil) to Dec. 2023 (¥14,049 Mil) but then declined from Dec. 2023 (¥14,049 Mil) to Mar. 2024 (¥13,150 Mil).

Offshore Oil Engineering Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥9,458 Mil) to Dec. 2022 (¥12,973 Mil) and increased from Dec. 2022 (¥12,973 Mil) to Dec. 2023 (¥14,049 Mil).

Offshore Oil Engineering Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Offshore Oil Engineering 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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Offshore Oil Engineering Co Accounts Payable & Accrued Expense Chart

Offshore Oil Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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7,593.30

8,765.42

9,458.32

12,972.68

14,049.31

Offshore Oil Engineering 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															12,478.89	13,757.77	13,282.17	14,049.31	13,149.62

Offshore Oil Engineering 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.

Offshore Oil Engineering Co (SHSE:600583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Offshore Oil Engineering Co Ltd (SHSE:600583) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

No. 199, Haibin 15 Road, TianjinPort Free Trade Zone, Tianjin, CHN, 300461

Website

http://www.cnoocengineering.com

Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.

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