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Michelin (XPAR:ML) Accounts Payable & Accrued Expense : €4,446 Mil (As of Dec. 2023)


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What is Michelin Accounts Payable & Accrued Expense?

Michelin's quarterly accounts payable & accrued expense declined from Dec. 2022 (€4,810 Mil) to Jun. 2023 (€3,307 Mil) but then increased from Jun. 2023 (€3,307 Mil) to Dec. 2023 (€4,446 Mil).

Michelin's annual accounts payable & accrued expense increased from Dec. 2021 (€4,619 Mil) to Dec. 2022 (€4,810 Mil) but then declined from Dec. 2022 (€4,810 Mil) to Dec. 2023 (€4,446 Mil).

Michelin Accounts Payable & Accrued Expense Historical Data

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

Michelin Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,781.00 3,441.00 4,619.00 4,810.00 4,446.00

Michelin 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 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,619.00 4,001.00 4,810.00 3,307.00 4,446.00

Michelin 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.

Michelin (XPAR:ML) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Michelin (XPAR:ML) » Definitions » Accounts Payable & Accrued Expense
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XPAR:FR XPAR:FRVIA XPAR:POM XPAR:BUR XPAR:AKW XPAR:ALDEL XPAR:ALATI XPAR:PVL TSE:7315 TSE:6902 TSE:5108 MBLY APTV XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ ISX:ASII TSE:5802
Traded in Other Exchanges
MGDDY:USA MGDDF:USA MLp:UK 0OFM:UK MCHA:Germany
Address
23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, FRA, 63000
Website
https://www.michelin.com
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segment.