Iveco Group NV (MIL:IVG) Accounts Payable & Accrued Expense : €4,597 Mil (As of Dec. 2023)

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What is Iveco Group NV Accounts Payable & Accrued Expense?

Iveco Group NV's quarterly accounts payable & accrued expense declined from Jun. 2023 (€4,229 Mil) to Sep. 2023 (€3,787 Mil) but then increased from Sep. 2023 (€3,787 Mil) to Dec. 2023 (€4,597 Mil).

Iveco Group NV's annual accounts payable & accrued expense increased from Dec. 2021 (€3,617 Mil) to Dec. 2022 (€4,314 Mil) and increased from Dec. 2022 (€4,314 Mil) to Dec. 2023 (€4,597 Mil).

Iveco Group NV Accounts Payable & Accrued Expense Historical Data

The historical data trend for Iveco Group NV'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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Iveco Group NV Accounts Payable & Accrued Expense Chart

Iveco Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3,157.00

3,147.00

3,617.00

4,314.00

4,597.00

Iveco Group NV Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial											4,314.00	4,015.00	4,229.00	3,787.00	4,597.00

Iveco Group NV 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.

Iveco Group NV (MIL:IVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iveco Group NV (MIL:IVG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

IVCGF:USA IVGm:UK R3D:Germany

Address

Via Puglia n. 35, Turin, ITA, 10156

Website

https://www.ivecogroup.com

Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.

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