LGI Homes (STU:LG1) Accounts Payable & Accrued Expense : €127 Mil (As of Mar. 2024)

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What is LGI Homes Accounts Payable & Accrued Expense?

LGI Homes's quarterly accounts payable & accrued expense declined from Sep. 2023 (€148 Mil) to Dec. 2023 (€120 Mil) but then increased from Dec. 2023 (€120 Mil) to Mar. 2024 (€127 Mil).

LGI Homes's annual accounts payable & accrued expense increased from Dec. 2021 (€72 Mil) to Dec. 2022 (€148 Mil) but then declined from Dec. 2022 (€148 Mil) to Dec. 2023 (€120 Mil).

LGI Homes Accounts Payable & Accrued Expense Historical Data

The historical data trend for LGI Homes'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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LGI Homes Accounts Payable & Accrued Expense Chart

LGI Homes Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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79.57

66.29

72.45

148.12

120.15

LGI Homes 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															155.92	136.85	147.65	120.15	127.30

LGI Homes 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.

LGI Homes (STU:LG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » LGI Homes Inc (STU:LG1) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

LGIH:USA

Address

1450 Lake Robbins Drive, Suite 430, The Woodlands, TX, USA, 77380

Website

https://www.lgihomes.com

LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.

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