U Power (U Power) Accounts Payable & Accrued Expense : $4.21 Mil (As of Dec. 2023)

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What is U Power Accounts Payable & Accrued Expense?

U Power's quarterly accounts payable & accrued expense increased from Dec. 2022 ($4.07 Mil) to Jun. 2023 ($5.01 Mil) but then declined from Jun. 2023 ($5.01 Mil) to Dec. 2023 ($4.21 Mil).

U Power's annual accounts payable & accrued expense increased from Dec. 2021 ($2.31 Mil) to Dec. 2022 ($4.07 Mil) and increased from Dec. 2022 ($4.07 Mil) to Dec. 2023 ($4.21 Mil).

U Power Accounts Payable & Accrued Expense Historical Data

The historical data trend for U Power'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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U Power Accounts Payable & Accrued Expense Chart

U Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.36

2.31

4.07

4.21

U Power Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			2.31	2.91	4.07	5.01	4.21

U Power 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.

U Power (U Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » U Power Ltd (NAS:UCAR) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18th Floor, Building 3, Science and Technology Industrial Park, Yijiang District, Anhui Province, Wuhu, CHN, 241003

Website

http://www.upincar.com

U Power Ltd is involved in the provision of vehicle sourcing services. It is principally engaged in the provision of new energy vehicles development and sales; battery swapping stations manufactory and sales; battery swapping services and sourcing services. The company as a broker engaged in sales of vehicles between automobile wholesalers and buyers, including small and medium sized vehicle dealers and individual customers primarily located in the lower-tier cities in China, which are smaller and less developed than the tier-1 or tier-2 cities.