Ventia Services Group (ASX:VNT) Accounts Payable & Accrued Expense : A$659 Mil (As of Dec. 2023)

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What is Ventia Services Group Accounts Payable & Accrued Expense?

Ventia Services Group's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$975 Mil) to Jun. 2023 (A$1,070 Mil) but then declined from Jun. 2023 (A$1,070 Mil) to Dec. 2023 (A$659 Mil).

Ventia Services Group's annual accounts payable & accrued expense increased from Dec. 2021 (A$848 Mil) to Dec. 2022 (A$975 Mil) but then declined from Dec. 2022 (A$975 Mil) to Dec. 2023 (A$659 Mil).

Ventia Services Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ventia Services Group'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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Ventia Services Group Accounts Payable & Accrued Expense Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

848.00

974.60

658.80

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	848.00	999.10	974.60	1,069.60	658.80

Ventia Services Group 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.

Ventia Services Group (ASX:VNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ventia Services Group Ltd (ASX:VNT) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.