Porto Aviation Group SpA (MIL:PAG) Accounts Payable & Accrued Expense : €1.19 Mil (As of Dec. 2023)

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What is Porto Aviation Group SpA Accounts Payable & Accrued Expense?

Porto Aviation Group SpA's quarterly accounts payable & accrued expense increased from Dec. 2021 (€0.44 Mil) to Dec. 2022 (€1.74 Mil) but then declined from Dec. 2022 (€1.74 Mil) to Dec. 2023 (€1.19 Mil).

Porto Aviation Group SpA's annual accounts payable & accrued expense increased from Dec. 2021 (€0.44 Mil) to Dec. 2022 (€1.74 Mil) but then declined from Dec. 2022 (€1.74 Mil) to Dec. 2023 (€1.19 Mil).

Porto Aviation Group SpA Accounts Payable & Accrued Expense Historical Data

The historical data trend for Porto Aviation Group SpA'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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Porto Aviation Group SpA Accounts Payable & Accrued Expense Chart

Porto Aviation Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.44

1.74

1.19

Porto Aviation Group SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Payable & Accrued Expense	0.44	1.74	1.19

Porto Aviation Group SpA 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.

Porto Aviation Group SpA (MIL:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

M2N:Germany

Address

Via Confalonieri 22, Cremella, Lecco, ITA, 23894

Website

https://www.portoaviationgroup.com

Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.