ArcelorMittal (ArcelorMittal) Accounts Payable & Accrued Expense

: $18,400 Mil (As of Dec. 2023)

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ArcelorMittal's quarterly accounts payable & accrued expense declined from Jun. 2023 ($18,583 Mil) to Sep. 2023 ($18,141 Mil) but then increased from Sep. 2023 ($18,141 Mil) to Dec. 2023 ($18,400 Mil).

ArcelorMittal's annual accounts payable & accrued expense declined from Dec. 2021 ($20,559 Mil) to Dec. 2022 ($18,089 Mil) but then increased from Dec. 2022 ($18,089 Mil) to Dec. 2023 ($18,400 Mil).

ArcelorMittal Accounts Payable & Accrued Expense Historical Data

The historical data trend for ArcelorMittal'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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ArcelorMittal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

17,545.00

15,905.00

20,559.00

18,089.00

18,400.00

ArcelorMittal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense																18,089.00	19,999.00	18,583.00	18,141.00	18,400.00

ArcelorMittal 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.

ArcelorMittal (ArcelorMittal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal SA (NYSE:MT) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

AMSYF:USA MT:Netherlands MT:Mexico MTa:UK 0RP9:UK MTS:Spain ARRD:Germany ARMT34:Brazil MT:Austria

Address

24-26, Boulevard d’Avranches, Luxembourg, LUX, L-1160

Website

http://www.arcelormittal.com

ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from Brazil.