OneConnect Financial Technology Co (OneConnect Financial Technology Co) Accounts Payable & Accrued Expense : $341.6 Mil (As of Mar. 2024)

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What is OneConnect Financial Technology Co Accounts Payable & Accrued Expense?

OneConnect Financial Technology Co's quarterly accounts payable & accrued expense declined from Sep. 2023 ($369.0 Mil) to Dec. 2023 ($295.7 Mil) but then increased from Dec. 2023 ($295.7 Mil) to Mar. 2024 ($341.6 Mil).

OneConnect Financial Technology Co's annual accounts payable & accrued expense declined from Dec. 2021 ($384.9 Mil) to Dec. 2022 ($383.2 Mil) and declined from Dec. 2022 ($383.2 Mil) to Dec. 2023 ($295.7 Mil).

OneConnect Financial Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for OneConnect Financial 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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OneConnect Financial Technology Co Accounts Payable & Accrued Expense Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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215.55

319.15

384.86

383.20

295.69

OneConnect Financial Technology 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															420.60	343.61	369.02	295.69	341.56

OneConnect Financial 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.

OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Accounts Payable & Accrued Expense

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06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.