China Merchants Energy Shipping Co (SHSE:601872) Accounts Payable & Accrued Expense : ¥4,434 Mil (As of Mar. 2024)

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What is China Merchants Energy Shipping Co Accounts Payable & Accrued Expense?

China Merchants Energy Shipping Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥3,698 Mil) to Dec. 2023 (¥4,258 Mil) and increased from Dec. 2023 (¥4,258 Mil) to Mar. 2024 (¥4,434 Mil).

China Merchants Energy Shipping Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥4,387 Mil) to Dec. 2022 (¥3,670 Mil) but then increased from Dec. 2022 (¥3,670 Mil) to Dec. 2023 (¥4,258 Mil).

China Merchants Energy Shipping Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for China Merchants Energy Shipping 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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China Merchants Energy Shipping Co Accounts Payable & Accrued Expense Chart

China Merchants Energy Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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7,314.60

5,253.21

4,387.01

3,669.52

4,258.19

China Merchants Energy Shipping 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															3,722.80	3,655.85	3,698.45	4,258.19	4,433.93

China Merchants Energy Shipping 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.

China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002

Website

http://www.cmenergyshipping.com

China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

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