Zhejiang XCC Group Co (SHSE:603667) Accounts Payable & Accrued Expense : ¥918 Mil (As of Mar. 2024)

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What is Zhejiang XCC Group Co Accounts Payable & Accrued Expense?

Zhejiang XCC Group Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥869 Mil) to Dec. 2023 (¥760 Mil) but then increased from Dec. 2023 (¥760 Mil) to Mar. 2024 (¥918 Mil).

Zhejiang XCC Group Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥804 Mil) to Dec. 2022 (¥819 Mil) but then declined from Dec. 2022 (¥819 Mil) to Dec. 2023 (¥760 Mil).

Zhejiang XCC Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Zhejiang XCC Group 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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Zhejiang XCC Group Co Accounts Payable & Accrued Expense Chart

Zhejiang XCC Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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447.98

519.63

803.68

819.01

760.40

Zhejiang XCC Group 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															922.49	876.30	868.79	760.40	917.86

Zhejiang XCC Group 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.

Zhejiang XCC Group Co (SHSE:603667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang XCC Group Co Ltd (SHSE:603667) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.199, Taitan Main Road, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.xcc-zxz.com

Zhejiang XCC Group Co Ltd is operating in the bearing industry. The company mainly produces high-precision, low-noise deep groove ball bearing, auto hub bearing, the precision bearing of numerical control machine, high-speed and precision bearing of thread spinner, shaft bearing and motor bearing. The company also deals with auto parts and technical equipment. Its products are mainly sold to the United States of America, Japan, Korea, Brazil and other regions.

Executives

Yu Ru Wen	senior management
Wu Hong Ying	senior management
Song Chao Jiang	senior management
Xu Rong Bin	senior management
Qin Yi	senior management
Zhang Xun Lei	senior management
Cui Cui Ping	senior management

Zhejiang XCC Group Co (SHSE:603667) Headlines

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