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Sinolong New Materials Co (SZSE:301565) Accounts Payable & Accrued Expense : ¥868 Mil (As of Jun. 2024)


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What is Sinolong New Materials Co Accounts Payable & Accrued Expense?

Sinolong New Materials Co's quarterly accounts payable & accrued expense declined from Dec. 2023 (¥737 Mil) to Mar. 2024 (¥734 Mil) but then increased from Mar. 2024 (¥734 Mil) to Jun. 2024 (¥868 Mil).

Sinolong New Materials Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥584 Mil) to Dec. 2022 (¥721 Mil) and increased from Dec. 2022 (¥721 Mil) to Dec. 2023 (¥737 Mil).

Sinolong New Materials Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Sinolong New Materials 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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Sinolong New Materials Co Accounts Payable & Accrued Expense Chart

Sinolong New Materials Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
796.20 358.90 584.08 721.30 737.47

Sinolong New Materials Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 746.62 - 737.47 734.38 867.65

Sinolong New Materials 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.

Sinolong New Materials Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sinolong New Materials Co Ltd (SZSE:301565) » Definitions » Accounts Payable & Accrued Expense
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 268-1, Wengjiao Road, Haicang District, Fujian, Xiamen, CHN, 361000
Website
https://www.sinolong.net
Sinolong New Materials Co Ltd is engaged in Research and development, production and sales of functional BOPA film, biodegradable BOPLA film, polyamide 6 (PA6) and other related material products.

Sinolong New Materials Co Headlines

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