M J Maillis (ATH:MAIK) Accounts Payable & Accrued Expense : €46.3 Mil (As of Dec. 2014)

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What is M J Maillis Accounts Payable & Accrued Expense?

M J Maillis's quarterly accounts payable & accrued expense increased from Jun. 2014 (€51.0 Mil) to Sep. 2014 (€52.0 Mil) but then declined from Sep. 2014 (€52.0 Mil) to Dec. 2014 (€46.3 Mil).

M J Maillis's annual accounts payable & accrued expense declined from Dec. 2012 (€47.4 Mil) to Dec. 2013 (€39.7 Mil) but then increased from Dec. 2013 (€39.7 Mil) to Dec. 2014 (€46.3 Mil).

M J Maillis Accounts Payable & Accrued Expense Historical Data

The historical data trend for M J Maillis'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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M J Maillis Accounts Payable & Accrued Expense Chart

M J Maillis Annual Data

Trend

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Accounts Payable & Accrued Expense

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53.51

48.90

47.40

39.71

46.30

M J Maillis Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															39.71	45.32	50.99	52.03	46.30

M J Maillis 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.

M J Maillis (ATH:MAIK) Business Description

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M J Maillis SA was founded in 1968. The Company is engaged in the manufacture and distribution of end-of-line industrial solutions. It manufactures and distributes complete secondary packaging systems, machines & packaging materials in Strapping, Wrapping and Case Handling including also hand strapping tools. Its segments includes West Europe: Germany, Belgium, France, UK, Austria, Spain, Luxembourg; Central Europe: Poland, Hungary, Czech, Slovakia; Greece & East Europe: Greece, Romania, Bulgaria; North America; Italy includes also Combi Packaging Systems. Its products include Strapping Systems: Strapping tools, Strapping machines, Strapping consumables (steel, PP, PET), textile bands; Wrapping Systems: Stretch Wrapping machines, Stretch film; and Case Handling Systems: Case erectors, Case Packers, Case sealers, Single Block Hand Packing Stations, Tape Dispensers, Flexographic machines.

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