Italgas SpA (MIL:IG) Accounts Payable & Accrued Expense : €860 Mil (As of Dec. 2023)

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What is Italgas SpA Accounts Payable & Accrued Expense?

Italgas SpA's quarterly accounts payable & accrued expense declined from Dec. 2022 (€1,225 Mil) to Jun. 2023 (€804 Mil) but then increased from Jun. 2023 (€804 Mil) to Dec. 2023 (€860 Mil).

Italgas SpA's annual accounts payable & accrued expense increased from Dec. 2021 (€781 Mil) to Dec. 2022 (€1,225 Mil) but then declined from Dec. 2022 (€1,225 Mil) to Dec. 2023 (€860 Mil).

Italgas SpA Accounts Payable & Accrued Expense Historical Data

The historical data trend for Italgas SpA's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Italgas SpA Accounts Payable & Accrued Expense Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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737.76

811.04

781.25

1,225.30

860.06

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										781.25	743.02	1,225.30	803.51	860.06

Italgas SpA Accounts Payable & Accrued Expense Calculation

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.

Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

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