Agricultural Bank of China (SHSE:601288) Accounts Payable & Accrued Expense : ¥78,503 Mil (As of Mar. 2024)

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What is Agricultural Bank of China Accounts Payable & Accrued Expense?

Agricultural Bank of China's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥108,093 Mil) to Dec. 2023 (¥127,876 Mil) but then declined from Dec. 2023 (¥127,876 Mil) to Mar. 2024 (¥78,503 Mil).

Agricultural Bank of China's annual accounts payable & accrued expense declined from Dec. 2021 (¥131,946 Mil) to Dec. 2022 (¥129,539 Mil) and declined from Dec. 2022 (¥129,539 Mil) to Dec. 2023 (¥127,876 Mil).

Agricultural Bank of China Accounts Payable & Accrued Expense Historical Data

The historical data trend for Agricultural Bank of China'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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Agricultural Bank of China Accounts Payable & Accrued Expense Chart

Agricultural Bank of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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118,298.00

121,386.00

131,946.00

129,539.00

127,876.00

Agricultural Bank of China 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															92,457.00	170,380.00	108,093.00	127,876.00	78,503.00

Agricultural Bank of China 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.

Agricultural Bank of China (SHSE:601288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Bank of China Ltd (SHSE:601288) » Definitions » Accounts Payable & Accrued Expense

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ACGBY:USA ACGBF:USA 01288:Hong Kong EK7:Germany

Address

50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.abchina.com

As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

Agricultural Bank of China (SHSE:601288) Headlines

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