Lizhong Sitong Light Alloys Group Co (SZSE:300428) Accounts Payable & Accrued Expense : ¥2,183 Mil (As of Mar. 2024)

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What is Lizhong Sitong Light Alloys Group Co Accounts Payable & Accrued Expense?

Lizhong Sitong Light Alloys Group Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥2,143 Mil) to Dec. 2023 (¥2,355 Mil) but then declined from Dec. 2023 (¥2,355 Mil) to Mar. 2024 (¥2,183 Mil).

Lizhong Sitong Light Alloys Group Co's annual accounts payable & accrued expense declined from Dec. 2021 (¥2,091 Mil) to Dec. 2022 (¥1,941 Mil) but then increased from Dec. 2022 (¥1,941 Mil) to Dec. 2023 (¥2,355 Mil).

Lizhong Sitong Light Alloys Group Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Lizhong Sitong Light Alloys 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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Lizhong Sitong Light Alloys Group Co Accounts Payable & Accrued Expense Chart

Lizhong Sitong Light Alloys Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,697.12

1,635.75

2,090.94

1,940.65

2,354.66

Lizhong Sitong Light Alloys 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															1,714.76	1,910.08	2,142.95	2,354.66	2,182.96

Lizhong Sitong Light Alloys 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.

Lizhong Sitong Light Alloys Group Co (SZSE:300428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lizhong Sitong Light Alloys Group Co Ltd (SZSE:300428) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

No. 359, West Development Road, Qingyuan District, Baoding, CHN, 071100

Website

http://www.stnm.com.cn

Lizhong Sitong Light Alloys Group Co Ltd formerly Hebei Sitong New Metal Material Co Ltd is specialized in Research and Development, manufacturing and sales of functional intermediate alloys such as metal grain refinement, metallographic deterioration, element addition and metal purification. Its products include Aluminum base alloy, Magnesium based master alloy, Zinc-based intermediate alloy and Copper base alloy. Its main objective is to research and manufacture aluminum-based steel and aluminum-based copper materials, to promote the light weight of automobiles, rail transit, aerospace materials and the performance of electrical and electronic products.

Executives

Zang Yong Jian	Director
Zang Li Guo	Director
Zang Yong Yi	Director
Zang Yong Xing	Director
Wang Qing	Executives

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