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Shanghai Ruking Technologies Co (SZSE:301525) Accounts Payable & Accrued Expense : ¥743 Mil (As of Mar. 2024)


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What is Shanghai Ruking Technologies Co Accounts Payable & Accrued Expense?

Shanghai Ruking Technologies Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥837 Mil) to Dec. 2023 (¥838 Mil) but then declined from Dec. 2023 (¥838 Mil) to Mar. 2024 (¥743 Mil).

Shanghai Ruking Technologies Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥769 Mil) to Dec. 2022 (¥961 Mil) but then declined from Dec. 2022 (¥961 Mil) to Dec. 2023 (¥838 Mil).

Shanghai Ruking Technologies Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shanghai Ruking Technologies 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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Shanghai Ruking Technologies Co Accounts Payable & Accrued Expense Chart

Shanghai Ruking Technologies Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial 318.72 466.20 769.02 961.13 838.07

Shanghai Ruking Technologies Co Quarterly Data
Dec18 Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 832.40 836.52 838.07 742.94

Shanghai Ruking Technologies 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.

Shanghai Ruking Technologies Co (SZSE:301525) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Ruking Technologies Co Ltd (SZSE:301525) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
Lane 1688, Guoquan North Road, Room 1204A, No. 75, Yangpu, Shanghai, CHN, 200438
Website
http://www.ruking.com
Shanghai Ruking Technologies Co Ltd is engaged in research & development, production and sales of comprehensive products in the field of power electronics and motor control. The main products include heating, ventilation, air conditioning and refrigeration equipment (HVAC/R) Variable frequency drives and system controllers, variable frequency drives and controllers in the field of thermal management systems for new energy vehicles, servo drives and servo motors in the field of industrial servo drives and control systems.

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