Otis Worldwide (BSP:O1TI34) Accounts Payable & Accrued Expense : R$14,366 Mil (As of Dec. 2023)

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What is Otis Worldwide Accounts Payable & Accrued Expense?

Otis Worldwide's quarterly accounts payable & accrued expense declined from Jun. 2023 (R$17,100 Mil) to Sep. 2023 (R$16,693 Mil) and declined from Sep. 2023 (R$16,693 Mil) to Dec. 2023 (R$14,366 Mil).

Otis Worldwide's annual accounts payable & accrued expense declined from Dec. 2021 (R$14,810 Mil) to Dec. 2022 (R$14,084 Mil) but then increased from Dec. 2022 (R$14,084 Mil) to Dec. 2023 (R$14,366 Mil).

Otis Worldwide Accounts Payable & Accrued Expense Historical Data

The historical data trend for Otis Worldwide'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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Otis Worldwide Accounts Payable & Accrued Expense Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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12,026.19

12,944.07

14,810.18

14,083.90

14,366.21

Otis Worldwide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															14,083.90	16,636.27	17,099.59	16,692.81	14,366.21

Otis Worldwide 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.

Otis Worldwide (BSP:O1TI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (BSP:O1TI34) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany 4PG:Germany

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Otis Worldwide (BSP:O1TI34) Headlines

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