Akbank TAS (Akbank TAS) Accounts Payable & Accrued Expense : $433 Mil (As of Dec. 2023)

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What is Akbank TAS Accounts Payable & Accrued Expense?

Akbank TAS's quarterly accounts payable & accrued expense increased from Jun. 2023 ($106 Mil) to Sep. 2023 ($292 Mil) and increased from Sep. 2023 ($292 Mil) to Dec. 2023 ($433 Mil).

Akbank TAS's annual accounts payable & accrued expense increased from Dec. 2021 ($177 Mil) to Dec. 2022 ($588 Mil) but then declined from Dec. 2022 ($588 Mil) to Dec. 2023 ($433 Mil).

Akbank TAS Accounts Payable & Accrued Expense Historical Data

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

Akbank TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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142.12

216.19

177.35

587.52

433.12

Akbank TAS 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															587.52	745.27	105.54	292.18	433.12

Akbank TAS 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.

Akbank TAS (Akbank TAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akbank TAS (OTCPK:AKBTY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

AKBNK:Turkey AKB2:Germany

Address

Akbank Sabanci Center, 4. Levent, Istanbul, TUR, 34330

Website

https://www.akbank.com

Akbank TAS is a Turkish bank whose core business activities include consumer and private, commercial, small to midsize enterprise, and corporate and investment banking services. Other activities include foreign exchange, money markets, and securities transactions. In addition to traditional banking activities, the company provides insurance intermediary services. Approximately half of the bank's outstanding shares are owned by Sabanci Holding, a large Turkish financial conglomerate, and its affiliates. Net interest income contributes to the vast majority of net revenue, followed by net fees and commissions. The banks gives credit exposure to the services industry.

Akbank TAS (Akbank TAS) Headlines

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