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Steelcase Inc's quarterly accounts payable & accrued expense increased from Aug. 2015 ($513 Mil) to Nov. 2015 ($539 Mil) but then declined from Nov. 2015 ($539 Mil) to Feb. 2016 ($536 Mil).
Steelcase Inc's annual accounts payable & accrued expense declined from Feb. 2014 ($520 Mil) to Feb. 2015 ($516 Mil) but then increased from Feb. 2015 ($516 Mil) to Feb. 2016 ($536 Mil).
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Steelcase Inc Annual Data
|Accounts Payable & Accrued Expense||639||675||515||405||481||444||469||520||516||536|
Steelcase Inc Quarterly Data
|Accounts Payable & Accrued Expense||578||520||453||505||539||516||461||513||539||536|