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GuruFocus has detected 4 Warning Signs with Hovnanian Enterprises Inc $HOV.
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Hovnanian Enterprises Inc (NYSE:HOV)
Accounts Payable & Accrued Expense
$250 Mil (As of Oct. 2016)

Hovnanian Enterprises Inc's quarterly accounts payable & accrued expense increased from Apr. 2016 ($239 Mil) to Jul. 2016 ($252 Mil) but then declined from Jul. 2016 ($252 Mil) to Oct. 2016 ($250 Mil).

Hovnanian Enterprises Inc's annual accounts payable & accrued expense declined from Oct. 2014 ($393 Mil) to Oct. 2015 ($228 Mil) but then increased from Oct. 2015 ($228 Mil) to Oct. 2016 ($250 Mil).


Definition

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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Hovnanian Enterprises Inc Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
Accounts Payable & Accrued Expense 341431340194188211341393228250

Hovnanian Enterprises Inc Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
Accounts Payable & Accrued Expense 209393162357205228228239252250
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