Gates Industrial (FRA:1JL) Accounts Payable & Accrued Expense : €662 Mil (As of Mar. 2024)

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What is Gates Industrial Accounts Payable & Accrued Expense?

Gates Industrial's quarterly accounts payable & accrued expense declined from Sep. 2023 (€705 Mil) to Dec. 2023 (€681 Mil) and declined from Dec. 2023 (€681 Mil) to Mar. 2024 (€662 Mil).

Gates Industrial's annual accounts payable & accrued expense declined from Dec. 2021 (€724 Mil) to Dec. 2022 (€676 Mil) but then increased from Dec. 2022 (€676 Mil) to Dec. 2023 (€681 Mil).

Gates Industrial Accounts Payable & Accrued Expense Historical Data

The historical data trend for Gates Industrial'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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Gates Industrial Accounts Payable & Accrued Expense Chart

Gates Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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550.80

561.92

723.75

675.62

681.15

Gates Industrial 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															663.61	702.87	705.28	681.15	662.40

Gates Industrial 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.

Gates Industrial (FRA:1JL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gates Industrial Corp PLC (FRA:1JL) » Definitions » Accounts Payable & Accrued Expense

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GTES:USA

Address

1144 Fifteenth Street, Denver, CO, USA, 80202

Website

https://www.gates.com

Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

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