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Vestis (Vestis) Accounts Payable & Accrued Expense : $345 Mil (As of Mar. 2024)


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What is Vestis Accounts Payable & Accrued Expense?

Vestis's quarterly accounts payable & accrued expense declined from Sep. 2023 ($322 Mil) to Dec. 2023 ($319 Mil) but then increased from Dec. 2023 ($319 Mil) to Mar. 2024 ($345 Mil).

Vestis's annual accounts payable & accrued expense increased from Sep. 2021 ($340 Mil) to Sep. 2022 ($361 Mil) but then declined from Sep. 2022 ($361 Mil) to Sep. 2023 ($322 Mil).

Vestis Accounts Payable & Accrued Expense Historical Data

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

Vestis Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Accounts Payable & Accrued Expense
- 339.69 360.81 321.68

Vestis Quarterly Data
Sep20 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 334.17 323.58 321.68 318.72 345.11

Vestis 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.

Vestis (Vestis) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vestis Corp (NYSE:VSTS) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
6TS:Germany
Address
500 Colonial Center Parkway, Suite 140, Roswell, GA, USA, 30076
Website
https://www.aramarkuniform.com
Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.
Executives
Douglas A Pertz director 1801 BAYBERRY COURT, RICHMOND VA 23226
Ricky T Dillon officer: EVP and CFO ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Timothy R Donovan officer: EVP, CLO and General Counsel 1703 N. RANDALL ROAD, ELGIN IL 60123
Angela Kervin officer: EVP and Chief HR Officer 2400 MARKET STREET, PHILADELPHIA PA 19103
Kim Scott director, officer: President and CEO 150 PEABODY PL, MEMPHIS TN 38103
Lynn Mckee director
Williams Ena Koschel director 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001
Burke Richard L. Jr. director 90 FORT WADE ROAD, PONTE VEDRA FL 32081
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Mary Anne Whitney director 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Tracy C Jokinen director 5995 OPUS PARKWAY, SUITE 500, MINNETONKA MN 55343
Intermediate Holdco Aramark 10 percent owner 2400 MARKET STREET, PHILADELPHIA PA 19103
Christopher J Synek officer: Chief Operating Officer 2400 MARKET STREET, PHILADELPHIA PA 19103
Grant Shih officer: Chief Technology Officer 2400 MARKET STREET, PHILADELPHIA PA 19103
Ramark 10 percent owner 2400 MARKET STREET, PHILADELPHIA PA 19103