Recordati SpA (MIL:REC) Accounts Payable & Accrued Expense : €505 Mil (As of Dec. 2023)

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What is Recordati SpA Accounts Payable & Accrued Expense?

Recordati SpA's quarterly accounts payable & accrued expense declined from Jun. 2023 (€523 Mil) to Sep. 2023 (€481 Mil) but then increased from Sep. 2023 (€481 Mil) to Dec. 2023 (€505 Mil).

Recordati SpA's annual accounts payable & accrued expense increased from Dec. 2021 (€296 Mil) to Dec. 2022 (€426 Mil) and increased from Dec. 2022 (€426 Mil) to Dec. 2023 (€505 Mil).

Recordati SpA Accounts Payable & Accrued Expense Historical Data

The historical data trend for Recordati 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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Recordati SpA Accounts Payable & Accrued Expense Chart

Recordati SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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337.01

217.86

296.45

426.49

505.50

Recordati SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															526.53	523.22	481.10	505.50	-

Recordati 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.

Recordati SpA (MIL:REC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Recordati SpA (MIL:REC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

RICFY:USA RECm:UK 0KBS:UK RER1:Germany RER1:Germany

Address

Via Matteo Civitali 1, MIlan, ITA, 20148

Website

https://www.recordati.com

Recordati SpA is a drug manufacturing company that focuses on specialty pharmaceuticals. The company produces and promotes medicines globally that focus on primary-care therapies and rare diseases. Recordati uses strategic partnerships as part of its long-term growth. The vast majority of the company's revenue is generated in Italy, followed by the United States, France, and Germany. Recordati reports two operating segments: Specialty and Primary care and Rare diseases. The bulk of the company's profit is derived from its specialty and primary care segment, which includes the production of active ingredients.