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Zhejiang Tongxing Technology Co (SZSE:301252) Accounts Payable & Accrued Expense : ¥451 Mil (As of Mar. 2024)


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What is Zhejiang Tongxing Technology Co Accounts Payable & Accrued Expense?

Zhejiang Tongxing Technology Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥339 Mil) to Dec. 2023 (¥409 Mil) and increased from Dec. 2023 (¥409 Mil) to Mar. 2024 (¥451 Mil).

Zhejiang Tongxing Technology Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥349 Mil) to Dec. 2022 (¥318 Mil) but then increased from Dec. 2022 (¥318 Mil) to Dec. 2023 (¥409 Mil).

Zhejiang Tongxing Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Zhejiang Tongxing 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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Zhejiang Tongxing Technology Co Accounts Payable & Accrued Expense Chart

Zhejiang Tongxing Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial 150.03 262.94 349.40 317.89 408.76

Zhejiang Tongxing Technology Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only 349.39 339.93 338.64 408.76 450.86

Zhejiang Tongxing 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.

Zhejiang Tongxing Technology Co (SZSE:301252) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tongxing Technology Co Ltd (SZSE:301252) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
No. 889, Xinchang Avenue East Road, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500
Website
http://www.zjtx.cn
Zhejiang Tongxing Technology Co Ltd is engaged in the Research and development, production and sales of refrigeration equipment-related products. Its products include AUTO AC Copper Tube Assembly, Aluminum Evaporator Top Type, Microchannel Evaporator Coil, heat exchangers for vehicle refrigerators, and Others.

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