McCormick (BSP:M1KC34) Accounts Payable & Accrued Expense : R$9,157 Mil (As of Feb. 2024)

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What is McCormick Accounts Payable & Accrued Expense?

McCormick's quarterly accounts payable & accrued expense increased from Aug. 2023 (R$8,720 Mil) to Nov. 2023 (R$9,930 Mil) but then declined from Nov. 2023 (R$9,930 Mil) to Feb. 2024 (R$9,157 Mil).

McCormick's annual accounts payable & accrued expense declined from Nov. 2021 (R$10,657 Mil) to Nov. 2022 (R$10,141 Mil) and declined from Nov. 2022 (R$10,141 Mil) to Nov. 2023 (R$9,930 Mil).

McCormick Accounts Payable & Accrued Expense Historical Data

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

McCormick Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Payable & Accrued Expense

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6,050.85

10,329.24

10,657.08

10,141.43

9,930.21

McCormick Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															8,988.69	8,673.44	8,720.22	9,930.21	9,157.33

McCormick 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.

McCormick (BSP:M1KC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » McCormick & Co Inc (BSP:M1KC34) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MKC.V:USA MKC:USA MCX:Germany MKC:Austria

Address

24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031

Website

https://www.mccormickcorporation.com

In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.

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