Iochpe-Maxion (Iochpe-Maxion) Accounts Payable & Accrued Expense : $418 Mil (As of Dec. 2023)

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What is Iochpe-Maxion Accounts Payable & Accrued Expense?

Iochpe-Maxion's quarterly accounts payable & accrued expense declined from Jun. 2023 ($472 Mil) to Sep. 2023 ($461 Mil) and declined from Sep. 2023 ($461 Mil) to Dec. 2023 ($418 Mil).

Iochpe-Maxion's annual accounts payable & accrued expense increased from Dec. 2021 ($476 Mil) to Dec. 2022 ($522 Mil) but then declined from Dec. 2022 ($522 Mil) to Dec. 2023 ($418 Mil).

Iochpe-Maxion Accounts Payable & Accrued Expense Historical Data

The historical data trend for Iochpe-Maxion'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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Iochpe-Maxion Accounts Payable & Accrued Expense Chart

Iochpe-Maxion Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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334.98

319.50

476.21

521.92

417.72

Iochpe-Maxion Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															521.92	484.81	472.26	460.52	417.72

Iochpe-Maxion 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.

Iochpe-Maxion (Iochpe-Maxion) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iochpe-Maxion SA (OTCPK:IOCJY) » Definitions » Accounts Payable & Accrued Expense

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MYPK3:Brazil

Address

Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA

Website

https://www.iochpe-maxion.com.br

Iochpe-Maxion SA is a Brazilian company involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The company is a world leader in the production of automotive wheels. It has nearly 30 manufacturing facilities located globally and has customers worldwide and operates through three divisions; Maxion Wheels, Maxion Structural Components, and Amsted-Maxion. Maxion Wheels produces and markets a wide range of steel wheels, Maxion Structural Components, we produce struts, sleepers, and chassis assembled for light vehicles and Amsted-Maxion produces freight wagons, railway wheels and castings.