MGP Ingredients (FRA:M1I) Accounts Payable & Accrued Expense : €67.9 Mil (As of Mar. 2024)

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What is MGP Ingredients Accounts Payable & Accrued Expense?

MGP Ingredients's quarterly accounts payable & accrued expense increased from Sep. 2023 (€78.4 Mil) to Dec. 2023 (€86.7 Mil) but then declined from Dec. 2023 (€86.7 Mil) to Mar. 2024 (€67.9 Mil).

MGP Ingredients's annual accounts payable & accrued expense increased from Dec. 2021 (€71.9 Mil) to Dec. 2022 (€85.2 Mil) and increased from Dec. 2022 (€85.2 Mil) to Dec. 2023 (€86.7 Mil).

MGP Ingredients Accounts Payable & Accrued Expense Historical Data

The historical data trend for MGP Ingredients'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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MGP Ingredients Accounts Payable & Accrued Expense Chart

MGP Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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32.45

38.29

71.93

85.19

86.70

MGP Ingredients 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															89.59	103.61	78.43	86.70	67.95

MGP Ingredients 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.

MGP Ingredients (FRA:M1I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » MGP Ingredients Inc (FRA:M1I) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MGPI:USA

Address

100 Commercial Street, P.O. Box 130, Atchison, KS, USA, 66002

Website

https://www.mgpingredients.com

MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.

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