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Hovnanian Enterprises Inc (NYSE:HOV)
Accounts Payable
$153 Mil (As of Jan. 2014)

Hovnanian Enterprises Inc's quarterly accounts payable increased from Jul. 2013 ($173 Mil) to Oct. 2013 ($229 Mil) but then declined from Oct. 2013 ($229 Mil) to Jan. 2014 ($153 Mil).

Hovnanian Enterprises Inc's annual accounts payable increased from Oct. 2011 ($167 Mil) to Oct. 2012 ($211 Mil) and increased from Oct. 2012 ($211 Mil) to Oct. 2013 ($229 Mil).


Definition

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 own currency.

Hovnanian Enterprises Inc Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
Accts Payable 336519382341431340336167211229

Hovnanian Enterprises Inc Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
Accts Payable 167162177206211136155173229153
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