Wetown Electric Group Co (SHSE:688226) Accounts Payable & Accrued Expense : ¥744 Mil (As of Mar. 2024)

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What is Wetown Electric Group Co Accounts Payable & Accrued Expense?

Wetown Electric Group Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥567 Mil) to Dec. 2023 (¥646 Mil) and increased from Dec. 2023 (¥646 Mil) to Mar. 2024 (¥744 Mil).

Wetown Electric Group Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥209 Mil) to Dec. 2022 (¥313 Mil) and increased from Dec. 2022 (¥313 Mil) to Dec. 2023 (¥646 Mil).

Wetown Electric Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Wetown Electric 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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Wetown Electric Group Co Accounts Payable & Accrued Expense Chart

Wetown Electric Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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173.15

243.29

209.36

313.00

646.06

Wetown Electric Group Co Quarterly Data
	Dec17	Dec18	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															214.33	404.63	567.28	646.06	743.95

Wetown Electric 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.

Wetown Electric Group Co (SHSE:688226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wetown Electric Group Co Ltd (SHSE:688226) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No. 1, Nanzi Road, Xinba Science and Technology Park, Jiangsu Province, Yangzhong, CHN, 212200

Website

https://www.wetown.com.cn

Wetown Electric Group Co Ltd is engaged in the development and manufacturing of electrical products. it offers product such as high and low voltage busbars; complete sets of electrical and intelligent components; copper and aluminum materials and tinned copper tape; bridges and hangers and others.

Wetown Electric Group Co (SHSE:688226) Headlines

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