Patrick Industries (FRA:PK2) Accounts Payable & Accrued Expense : €277 Mil (As of Mar. 2024)

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What is Patrick Industries Accounts Payable & Accrued Expense?

Patrick Industries's quarterly accounts payable & accrued expense declined from Sep. 2023 (€263 Mil) to Dec. 2023 (€173 Mil) but then increased from Dec. 2023 (€173 Mil) to Mar. 2024 (€277 Mil).

Patrick Industries's annual accounts payable & accrued expense declined from Dec. 2021 (€255 Mil) to Dec. 2022 (€210 Mil) and declined from Dec. 2022 (€210 Mil) to Dec. 2023 (€173 Mil).

Patrick Industries Accounts Payable & Accrued Expense Historical Data

The historical data trend for Patrick Industries'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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Patrick Industries Accounts Payable & Accrued Expense Chart

Patrick Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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112.97

114.30

255.13

210.21

172.77

Patrick Industries 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															261.71	233.89	263.35	172.77	277.11

Patrick Industries 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.

Patrick Industries (FRA:PK2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Patrick Industries Inc (FRA:PK2) » Definitions » Accounts Payable & Accrued Expense

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PATK:USA

Address

107 West Franklin Street, P.O. Box 638, Elkhart, IN, USA, 46515

Website

https://www.patrickind.com

Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.

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