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National Oilwell Varco Inc's quarterly accounts payable declined from Mar. 2014 ($5,895 Mil) to Jun. 2014 ($3,195 Mil) but then increased from Jun. 2014 ($3,195 Mil) to Sep. 2014 ($3,931 Mil).
National Oilwell Varco Inc's annual accounts payable increased from Dec. 2011 ($3,903 Mil) to Dec. 2012 ($4,404 Mil) but then declined from Dec. 2012 ($4,404 Mil) to Dec. 2013 ($3,890 Mil).
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
National Oilwell Varco Inc Annual Data
National Oilwell Varco Inc Quarterly Data