Rio Tinto (XBRU:RIOS) Accounts Payable & Accrued Expense

: €5,324 Mil (As of Dec. 2023)

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Rio Tinto's quarterly accounts payable & accrued expense increased from Dec. 2022 (€5,143 Mil) to Jun. 2023 (€7,231 Mil) but then declined from Jun. 2023 (€7,231 Mil) to Dec. 2023 (€5,324 Mil).

Rio Tinto's annual accounts payable & accrued expense declined from Dec. 2021 (€5,708 Mil) to Dec. 2022 (€5,143 Mil) but then increased from Dec. 2022 (€5,143 Mil) to Dec. 2023 (€5,324 Mil).

Rio Tinto Accounts Payable & Accrued Expense Historical Data

The historical data trend for Rio Tinto'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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Rio Tinto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

5,574.60

5,643.03

5,708.25

5,142.91

5,324.10

Rio Tinto Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense																5,708.25	8,543.33	5,142.91	7,230.78	5,324.10

Rio Tinto 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.

Rio Tinto (XBRU:RIOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio Tinto PLC (XBRU:RIOS) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

RTPPF:USA RIO:USA RIO N:Mexico RIOl:UK RIO:UK RIO1:Germany RIOT34:Brazil RIO:Argentina

Address

6 St James’s Square, London, GBR, SW1Y 4AD

Website

https://www.riotinto.com

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

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