Watsco (Watsco) Accounts Payable & Accrued Expense : $612 Mil (As of Dec. 2023)

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What is Watsco Accounts Payable & Accrued Expense?

Watsco's quarterly accounts payable & accrued expense declined from Jun. 2023 ($863 Mil) to Sep. 2023 ($789 Mil) and declined from Sep. 2023 ($789 Mil) to Dec. 2023 ($612 Mil).

Watsco's annual accounts payable & accrued expense increased from Dec. 2021 ($642 Mil) to Dec. 2022 ($760 Mil) but then declined from Dec. 2022 ($760 Mil) to Dec. 2023 ($612 Mil).

Watsco Accounts Payable & Accrued Expense Historical Data

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

Watsco Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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392.30

415.34

642.22

759.53

611.75

Watsco 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															759.53	860.55	862.90	789.12	611.75

Watsco 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.

Watsco (Watsco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Watsco Inc (NYSE:WSO.B) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

WSO:USA WC30:Germany WC3:Germany WC3:Germany

Address

2665 South Bayshore Drive, Suite 901, Miami, FL, USA, 33133

Website

https://www.watsco.com

Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.