Postalvings Bank Of China Co (Postalvings Bank Of China Co) Accounts Payable & Accrued Expense : $3,513 Mil (As of Mar. 2024)

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What is Postalvings Bank Of China Co Accounts Payable & Accrued Expense?

Postalvings Bank Of China Co's quarterly accounts payable & accrued expense increased from Sep. 2023 ($415 Mil) to Dec. 2023 ($6,616 Mil) but then declined from Dec. 2023 ($6,616 Mil) to Mar. 2024 ($3,513 Mil).

Postalvings Bank Of China Co's annual accounts payable & accrued expense declined from Dec. 2021 ($7,641 Mil) to Dec. 2022 ($7,140 Mil) and declined from Dec. 2022 ($7,140 Mil) to Dec. 2023 ($6,616 Mil).

Postalvings Bank Of China Co Accounts Payable & Accrued Expense Historical Data

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

Postalvings Bank Of China Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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7,543.38

7,976.39

7,641.50

7,140.15

6,616.20

Postalvings Bank Of China Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															-	9,678.00	415.33	6,616.20	3,512.88

Postalvings Bank Of China 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.

Postalvings Bank Of China Co (Postalvings Bank Of China Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Postal Savings Bank Of China Co Ltd (OTCPK:PSBKF) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

PSTVY:USA 01658:Hong Kong 3YB:Germany 601658:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

https://www.psbc.com

Postal Savings Bank of China is headquartered in Beijing. The bank is the fifth-largest commercial bank in China by deposits. The bank was established in 2007 as the postal savings and remittance business of its parent, China Post Group. The bank completed its joint-stock reform in 2012. The bank got listed on Hong Kong and Shanghai stock exchanges in 2016 and 2019 respectively. It boasts over 500 million individual customers and more than 40,000 outlets, which are among the largest customer bases and distribution networks in China.

Postalvings Bank Of China Co (Postalvings Bank Of China Co) Headlines

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