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GuruFocus has detected 2 Warning Signs with Steelcase Inc $SCS.
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Steelcase Inc (NYSE:SCS)
Accounts Payable & Accrued Expense
$505 Mil (As of Feb. 2017)

Steelcase Inc's quarterly accounts payable & accrued expense increased from Aug. 2016 ($459 Mil) to Nov. 2016 ($498 Mil) and increased from Nov. 2016 ($498 Mil) to Feb. 2017 ($505 Mil).

Steelcase Inc's annual accounts payable & accrued expense increased from Feb. 2015 ($516 Mil) to Feb. 2016 ($536 Mil) but then declined from Feb. 2016 ($536 Mil) to Feb. 2017 ($505 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.

Steelcase Inc Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
Accounts Payable & Accrued Expense 675515405481444469520516536505

Steelcase Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
Accounts Payable & Accrued Expense 539516461513539536418459498505
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