Bank Of Ningbo Co (SZSE:002142) Accounts Payable & Accrued Expense : ¥2,931 Mil (As of Mar. 2024)

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What is Bank Of Ningbo Co Accounts Payable & Accrued Expense?

Bank Of Ningbo Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥3,930 Mil) to Dec. 2023 (¥5,167 Mil) but then declined from Dec. 2023 (¥5,167 Mil) to Mar. 2024 (¥2,931 Mil).

Bank Of Ningbo Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥6,478 Mil) to Dec. 2022 (¥5,532 Mil) and declined from Dec. 2022 (¥5,532 Mil) to Dec. 2023 (¥5,167 Mil).

Bank Of Ningbo Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Bank Of Ningbo 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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Bank Of Ningbo Co Accounts Payable & Accrued Expense Chart

Bank Of Ningbo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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5,754.00

6,515.00

6,478.00

5,532.00

5,167.00

Bank Of Ningbo 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															3,690.00	3,658.00	3,930.00	5,167.00	2,931.00

Bank Of Ningbo 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.

Bank Of Ningbo Co (SZSE:002142) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of Ningbo Co Ltd (SZSE:002142) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No. 345, Ningdong Road, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

http://www.nbcb.com.cn

Bank of Ningbo is the fifth largest city commercial bank in China by total assets. Established in 1997 and listed on the Shenzhen Exchange in 2007, the bank is headquartered in Ningbo, a vice provincial city in Zhejiang province. It has a differentiated positioning in SME and nonmortgage retail loan business. The bank has established 16 branches in Zhejiang Province, Jiangsu Province, Shanghai, Beijing, and Guangdong Province. These regions contributed about 29%, 23%, 5%, 4%, and 4%, respectively, to revenue in 2022. It has a diversified shareholding structure, with SASAC of Ningbo Municipal Government, Singapore's OCBC Bank, and Youngor Group holding 19%, 18%, and 8% of the shares, respectively, as of end-March 2023.

Executives

Yu Gang	Secretary Dong
Wei Xue Mei	Director
Song Han Ping	Director
Hong Li Feng	Supervisors
Yang Chen	Secretary Dong
Xu Li Xun	Director
Lu Hua Yu	Director
Yu Feng Ying	Director
Luo Meng Bo	Directors, executives
Luo Wei Kai	Executives
Zhang Ying Fang	Supervisors
Shi Li Zhong	Director
Liu Ru Fen	Supervisors
Fu Wen Sheng	Executives
Zhang Hui	Supervisors

Bank Of Ningbo Co (SZSE:002142) Headlines

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