Otis Worldwide (BSP:O1TI34) Current Accrued Expense : R$3,905 Mil (As of Dec. 2023)

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What is Otis Worldwide Current Accrued Expense?

Otis Worldwide's Current Accrued Expense for the quarter that ended in Dec. 2023 was R$3,905 Mil.

Otis Worldwide's quarterly Current Accrued Expense declined from Jun. 2023 (R$8,635 Mil) to Sep. 2023 (R$8,519 Mil) and declined from Sep. 2023 (R$8,519 Mil) to Dec. 2023 (R$3,905 Mil).

Otis Worldwide's annual Current Accrued Expense declined from Dec. 2021 (R$4,660 Mil) to Dec. 2022 (R$3,950 Mil) and declined from Dec. 2022 (R$3,950 Mil) to Dec. 2023 (R$3,905 Mil).

Otis Worldwide Current Accrued Expense Historical Data

The historical data trend for Otis Worldwide's Current 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 Current Accrued Expense Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Current Accrued Expense

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5,442.57

4,007.72

4,659.64

3,949.79

3,905.14

Otis Worldwide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Current Accrued Expense	Get a 7-Day Free Trial															3,949.79	8,745.24	8,634.73	8,519.26	3,905.14

Otis Worldwide Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

Otis Worldwide Current Accrued Expense Related Terms

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Otis Worldwide (BSP:O1TI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (BSP:O1TI34) » Definitions » Current 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.

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