Offcn Education Technology Co (SZSE:002607) Accounts Payable & Accrued Expense : ¥1,385 Mil (As of Mar. 2024)

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What is Offcn Education Technology Co Accounts Payable & Accrued Expense?

Offcn Education Technology Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (¥2,510 Mil) to Dec. 2023 (¥1,462 Mil) and declined from Dec. 2023 (¥1,462 Mil) to Mar. 2024 (¥1,385 Mil).

Offcn Education Technology Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥847 Mil) to Dec. 2022 (¥2,003 Mil) but then declined from Dec. 2022 (¥2,003 Mil) to Dec. 2023 (¥1,462 Mil).

Offcn Education Technology Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Offcn Education 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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Offcn Education Technology Co Accounts Payable & Accrued Expense Chart

Offcn Education Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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920.96

989.86

846.53

2,003.29

1,462.05

Offcn Education 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															2,721.27	2,608.93	2,509.98	1,462.05	1,384.56

Offcn Education 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.

Offcn Education Technology Co (SZSE:002607) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Offcn Education Technology Co Ltd (SZSE:002607) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.23 Xueqing Road, Block B, Hanhua Century Building, Haidian District, Beijing, CHN, 100089

Website

https://www.offcn.com

Offcn Education Technology Co Ltd is China's multi-category vocational education institution and civil servant entrance examination training company. The company serves the younger demographic including college students and university graduates throughout mainland China.

Executives

Wang Zhen Dong	Directors, executives
Yu Hong Wei	Supervisors
He You Li	Executives
Yang Qing Mei	Director
Zhou Xia Yun	Director
Cao Ying Hong	Supervisors
Xiao Mei Rong	Directors, executives
Wang Jie Ning	Director
Ye Zheng Gui	Supervisors
Zou Ze Qing	Executives
Li Lin	Secretary Dong
Fang Cheng	Executives
Wang Hai Feng	Securities Affairs Representative

Offcn Education Technology Co (SZSE:002607) Headlines

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