Neogen (FRA:NG2) Accounts Payable & Accrued Expense : €120.1 Mil (As of Feb. 2024)

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What is Neogen Accounts Payable & Accrued Expense?

Neogen's quarterly accounts payable & accrued expense increased from Aug. 2023 (€107.1 Mil) to Nov. 2023 (€142.0 Mil) but then declined from Nov. 2023 (€142.0 Mil) to Feb. 2024 (€120.1 Mil).

Neogen's annual accounts payable & accrued expense increased from May. 2021 (€32.1 Mil) to May. 2022 (€58.0 Mil) and increased from May. 2022 (€58.0 Mil) to May. 2023 (€106.4 Mil).

Neogen Accounts Payable & Accrued Expense Historical Data

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

Neogen Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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27.86

37.37

32.05

57.95

106.45

Neogen 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															77.53	106.45	107.14	142.04	120.08

Neogen 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.

Neogen (FRA:NG2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Neogen Corp (FRA:NG2) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

NEOG:USA NG2:Germany

Address

620 Lesher Place, Lansing, MI, USA, 48912

Website

https://www.neogen.com

Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (70% of post-merger sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for food and feed processing companies. In animal safety (20% of post-merger sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the remaining 40%.

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