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VNET (VNET Group) Accounts Payable & Accrued Expense : $683 Mil (As of Mar. 2025)


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What is VNET Group Accounts Payable & Accrued Expense?

VNET Group's quarterly accounts payable & accrued expense increased from Sep. 2024 ($518 Mil) to Dec. 2024 ($601 Mil) and increased from Dec. 2024 ($601 Mil) to Mar. 2025 ($683 Mil).

VNET Group's annual accounts payable & accrued expense increased from Dec. 2022 ($403 Mil) to Dec. 2023 ($489 Mil) and increased from Dec. 2023 ($489 Mil) to Dec. 2024 ($601 Mil).

VNET Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for VNET Group'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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VNET Group Accounts Payable & Accrued Expense Chart

VNET Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 305.99 404.19 403.43 489.01 600.74

VNET Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 574.55 535.62 517.58 600.74 682.92

VNET Group 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.

VNET Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
217A:Germany
Address
No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
Website
https://www.vnet.com
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of March 2025, it had 51,960 retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 573 MW of wholesale capacity in service with a further 377 MW under construction and a further 670 MW held for future development.