Ningbo Tuopu Group Co (SHSE:601689) Accounts Payable & Accrued Expense : ¥8,605 Mil (As of Mar. 2024)

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What is Ningbo Tuopu Group Co Accounts Payable & Accrued Expense?

Ningbo Tuopu Group Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥8,090 Mil) to Dec. 2023 (¥8,912 Mil) but then declined from Dec. 2023 (¥8,912 Mil) to Mar. 2024 (¥8,605 Mil).

Ningbo Tuopu Group Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥5,916 Mil) to Dec. 2022 (¥8,277 Mil) and increased from Dec. 2022 (¥8,277 Mil) to Dec. 2023 (¥8,912 Mil).

Ningbo Tuopu Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ningbo Tuopu Group 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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Ningbo Tuopu Group Co Accounts Payable & Accrued Expense Chart

Ningbo Tuopu Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2,838.88

3,606.46

5,916.41

8,276.58

8,912.08

Ningbo Tuopu Group 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															7,841.56	8,170.02	8,090.01	8,912.08	8,605.24

Ningbo Tuopu Group 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.

Ningbo Tuopu Group Co (SHSE:601689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Tuopu Group Co Ltd (SHSE:601689) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.268, Yuwangshan Road, Daqi Street, Beilun District, Zhejiang, Ningbo, CHN, 315800

Website

https://www.tuopu.com

Ningbo Tuopu Group Co Ltd is a China-based company that engages in the manufacturing and sale of automotive components for international and domestic automobile manufacturers. Its product lines include automobile NVH vibration control parts, acoustic systems, lightweight power chassis systems, intelligent driving systems, and thermal management systems. The company generates the majority of its revenue from the domestic market.

Executives

Wu Hao Nian	Director
Wu Jian Shu	Director

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