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Toro Company (NYSE:TTC)
Accounts Payable
$443 Mil (As of Jan. 2014)

Toro Company's quarterly accounts payable declined from Jul. 2013 ($409 Mil) to Oct. 2013 ($389 Mil) but then increased from Oct. 2013 ($389 Mil) to Jan. 2014 ($443 Mil).

Toro Company's annual accounts payable increased from Oct. 2011 ($304 Mil) to Oct. 2012 ($376 Mil) and increased from Oct. 2012 ($376 Mil) to Oct. 2013 ($389 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.

Toro Company Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
Accts Payable 323341342339319309365304376389

Toro Company Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
Accts Payable 304378475403376427498409389443
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