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GuruFocus has detected 1 Warning Sign with Universal Forest Products Inc $UFPI.
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Universal Forest Products Inc (NAS:UFPI)
Accounts Payable & Accrued Expense
$254 Mil (As of Mar. 2017)

Universal Forest Products Inc's quarterly accounts payable & accrued expense declined from Sep. 2016 ($295 Mil) to Dec. 2016 ($249 Mil) but then increased from Dec. 2016 ($249 Mil) to Mar. 2017 ($254 Mil).

Universal Forest Products Inc's annual accounts payable & accrued expense increased from Dec. 2014 ($175 Mil) to Dec. 2015 ($203 Mil) and increased from Dec. 2015 ($203 Mil) to Dec. 2016 ($249 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.

Universal Forest Products Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Accounts Payable & Accrued Expense 16213512011993115138175203249

Universal Forest Products Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Accounts Payable & Accrued Expense 175194211213203214238295249254
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