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Shanghai Zhongchen Electronic Technology Co (SHSE:603275) Accounts Payable & Accrued Expense : ¥170.6 Mil (As of Mar. 2024)


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What is Shanghai Zhongchen Electronic Technology Co Accounts Payable & Accrued Expense?

Shanghai Zhongchen Electronic Technology Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥223.2 Mil) to Dec. 2023 (¥214.0 Mil) and declined from Dec. 2023 (¥214.0 Mil) to Mar. 2024 (¥170.6 Mil).

Shanghai Zhongchen Electronic Technology Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥209.2 Mil) to Dec. 2022 (¥151.1 Mil) but then increased from Dec. 2022 (¥151.1 Mil) to Dec. 2023 (¥214.0 Mil).

Shanghai Zhongchen Electronic Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shanghai Zhongchen Electronic Technology 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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Shanghai Zhongchen Electronic Technology Co Accounts Payable & Accrued Expense Chart

Shanghai Zhongchen Electronic Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
204.35 151.83 209.16 151.08 213.97

Shanghai Zhongchen Electronic Technology Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 217.89 223.22 213.97 170.62

Shanghai Zhongchen Electronic Technology 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.

Shanghai Zhongchen Electronic Technology Co (SHSE:603275) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Zhongchen Electronic Technology Co Ltd (SHSE:603275) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
No. 3768 Yexin Road, Maogang Town, Songjiang, Shanghai, CHN, 201607
Website
http://www.zoncn.cn
Shanghai Zhongchen Electronic Technology Co Ltd is a high-tech enterprise focusing on the research and development, production, sales and service of electric transmission and industrial automation products. The company's main products are variable frequency drives, servo drive systems and electric new energy vehicle drives. The company has a wide range of products, among which medium and low-voltage variable frequency drives are divided into two categories: general-purpose products and industry-specific products.

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