Russel Metals (Russel Metals) Accounts Payable & Accrued Expense : $341 Mil (As of Dec. 2023)

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What is Russel Metals Accounts Payable & Accrued Expense?

Russel Metals's quarterly accounts payable & accrued expense declined from Jun. 2023 ($422 Mil) to Sep. 2023 ($371 Mil) and declined from Sep. 2023 ($371 Mil) to Dec. 2023 ($341 Mil).

Russel Metals's annual accounts payable & accrued expense declined from Dec. 2021 ($488 Mil) to Dec. 2022 ($358 Mil) and declined from Dec. 2022 ($358 Mil) to Dec. 2023 ($341 Mil).

Russel Metals Accounts Payable & Accrued Expense Historical Data

The historical data trend for Russel Metals'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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Russel Metals Accounts Payable & Accrued Expense Chart

Russel Metals Annual Data

Trend

Dec14

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Dec20

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Dec23

Accounts Payable & Accrued Expense

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248.08

232.88

487.81

358.34

341.23

Russel Metals 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															358.34	400.86	421.72	371.00	341.23

Russel Metals 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.

Russel Metals (Russel Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (OTCPK:RUSMF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

RMZ:Germany RUS:Canada

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.