Reliance Worldwide (ASX:RWC) Accounts Payable & Accrued Expense : A$254 Mil (As of Dec. 2023)

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What is Reliance Worldwide Accounts Payable & Accrued Expense?

Reliance Worldwide's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$255 Mil) to Jun. 2023 (A$248 Mil) but then increased from Jun. 2023 (A$248 Mil) to Dec. 2023 (A$254 Mil).

Reliance Worldwide's annual accounts payable & accrued expense increased from Jun. 2021 (A$236 Mil) to Jun. 2022 (A$246 Mil) and increased from Jun. 2022 (A$246 Mil) to Jun. 2023 (A$248 Mil).

Reliance Worldwide Accounts Payable & Accrued Expense Historical Data

The historical data trend for Reliance Worldwide'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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Reliance Worldwide Accounts Payable & Accrued Expense Chart

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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133.09

203.09

235.84

246.42

248.15

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										260.95	246.42	254.93	248.15	253.84

Reliance Worldwide 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.

Reliance Worldwide (ASX:RWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (ASX:RWC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

RLLWF:USA 0EU:Germany

Address

140 William Street, Level 26, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.

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