Tung Ho Steel Enterprise (TPE:2006) Accounts Payable & Accrued Expense : NT$8,547 Mil (As of Mar. 2024)

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What is Tung Ho Steel Enterprise Accounts Payable & Accrued Expense?

Tung Ho Steel Enterprise's quarterly accounts payable & accrued expense increased from Sep. 2023 (NT$5,466 Mil) to Dec. 2023 (NT$5,944 Mil) and increased from Dec. 2023 (NT$5,944 Mil) to Mar. 2024 (NT$8,547 Mil).

Tung Ho Steel Enterprise's annual accounts payable & accrued expense declined from Dec. 2021 (NT$6,102 Mil) to Dec. 2022 (NT$4,813 Mil) but then increased from Dec. 2022 (NT$4,813 Mil) to Dec. 2023 (NT$5,944 Mil).

Tung Ho Steel Enterprise Accounts Payable & Accrued Expense Historical Data

The historical data trend for Tung Ho Steel Enterprise'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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Tung Ho Steel Enterprise Accounts Payable & Accrued Expense Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3,942.32

4,841.57

6,102.31

4,813.11

5,944.48

Tung Ho Steel Enterprise 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															7,835.40	4,654.18	5,466.22	5,944.48	8,546.71

Tung Ho Steel Enterprise 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.

Tung Ho Steel Enterprise (TPE:2006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (TPE:2006) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

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