MGI Tech Co (SHSE:688114) Accounts Payable & Accrued Expense : ¥902 Mil (As of Mar. 2024)

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What is MGI Tech Co Accounts Payable & Accrued Expense?

MGI Tech Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥912 Mil) to Dec. 2023 (¥1,070 Mil) but then declined from Dec. 2023 (¥1,070 Mil) to Mar. 2024 (¥902 Mil).

MGI Tech Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥908 Mil) to Dec. 2022 (¥1,068 Mil) and increased from Dec. 2022 (¥1,068 Mil) to Dec. 2023 (¥1,070 Mil).

MGI Tech Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for MGI Tech 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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MGI Tech Co Accounts Payable & Accrued Expense Chart

MGI Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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4,167.60

941.22

908.16

1,068.48

1,070.01

MGI Tech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													783.59	1,235.80	912.37	1,070.01	901.68

MGI Tech 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.

MGI Tech Co (SHSE:688114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083

Website

http://www.mgi-tech.com

MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

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