KONE Oyj (FRA:KC4) Accounts Payable & Accrued Expense : €1,092 Mil (As of Mar. 2024)

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What is KONE Oyj Accounts Payable & Accrued Expense?

KONE Oyj's quarterly accounts payable & accrued expense increased from Sep. 2023 (€1,053 Mil) to Dec. 2023 (€1,167 Mil) but then declined from Dec. 2023 (€1,167 Mil) to Mar. 2024 (€1,092 Mil).

KONE Oyj's annual accounts payable & accrued expense declined from Dec. 2021 (€1,566 Mil) to Dec. 2022 (€1,349 Mil) and declined from Dec. 2022 (€1,349 Mil) to Dec. 2023 (€1,167 Mil).

KONE Oyj Accounts Payable & Accrued Expense Historical Data

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

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,042.00

1,103.70

1,565.90

1,348.90

1,166.90

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,159.20	1,080.80	1,052.90	1,166.90	1,092.40

KONE Oyj 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.

KONE Oyj (FRA:KC4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (FRA:KC4) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

KNYJY:USA KNYJF:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

KONE Oyj (FRA:KC4) Headlines

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