Patterson-UTI Energy (STU:PE1) Accounts Payable & Accrued Expense : €716 Mil (As of Mar. 2024)

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What is Patterson-UTI Energy Accounts Payable & Accrued Expense?

Patterson-UTI Energy's quarterly accounts payable & accrued expense declined from Sep. 2023 (€824 Mil) to Dec. 2023 (€747 Mil) and declined from Dec. 2023 (€747 Mil) to Mar. 2024 (€716 Mil).

Patterson-UTI Energy's annual accounts payable & accrued expense increased from Dec. 2021 (€266 Mil) to Dec. 2022 (€347 Mil) and increased from Dec. 2022 (€347 Mil) to Dec. 2023 (€747 Mil).

Patterson-UTI Energy Accounts Payable & Accrued Expense Historical Data

The historical data trend for Patterson-UTI Energy'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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Patterson-UTI Energy Accounts Payable & Accrued Expense Chart

Patterson-UTI Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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278.60

160.44

266.17

347.18

746.79

Patterson-UTI Energy 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															356.41	343.48	823.86	746.79	716.19

Patterson-UTI Energy 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.

Patterson-UTI Energy (STU:PE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Patterson-UTI Energy Inc (STU:PE1) » Definitions » Accounts Payable & Accrued Expense

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PTEN:USA

Address

10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064

Website

https://www.patenergy.com

Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.

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