Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Accounts Payable & Accrued Expense : ¥307 Mil (As of Mar. 2024)

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What is Wuxi Double Elephant Micro Fibre Material Co Accounts Payable & Accrued Expense?

Wuxi Double Elephant Micro Fibre Material Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥288 Mil) to Dec. 2023 (¥327 Mil) but then declined from Dec. 2023 (¥327 Mil) to Mar. 2024 (¥307 Mil).

Wuxi Double Elephant Micro Fibre Material Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥463 Mil) to Dec. 2022 (¥330 Mil) and declined from Dec. 2022 (¥330 Mil) to Dec. 2023 (¥327 Mil).

Wuxi Double Elephant Micro Fibre Material Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Wuxi Double Elephant Micro Fibre Material 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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Wuxi Double Elephant Micro Fibre Material Co Accounts Payable & Accrued Expense Chart

Wuxi Double Elephant Micro Fibre Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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341.63

306.62

463.36

330.37

326.67

Wuxi Double Elephant Micro Fibre Material 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															334.27	327.71	288.47	326.67	307.30

Wuxi Double Elephant Micro Fibre Material 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.

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wuxi Double Elephant Micro Fibre Material Co Ltd (SZSE:002395) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

N/A

Address

No.188, Houzhai Middle Road, Hongshan Street, Xinwu District, Jiangsu Province, Wuxi, CHN

Website

http://www.sxcxgf.com

Wuxi Double Elephant Micro Fibre Material Co Ltd operates in the synthetic leather industry. The company is engaged in the production and supply of PVC artificial leather products. The products of the company include microfiber ultra-real leather, PVC artificial leather, and PU synthetic leather.

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