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GuruFocus has detected 4 Warning Signs with Discover Financial Services $DFS.
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Discover Financial Services (NYSE:DFS)
Accounts Payable
{IF BankInsurance_zone 1}
$3,119 Mil (As of )Sep. 2016)
{IF AP_Q_zone 1}{ELSE} {/IF}

Discover Financial Servicess quarterly accounts payable declined from Mar. 2016 ($3,560 Mil) to Jun. 2016 ($3,560 Mil) but then increased from Jun. 2016 ($2,906 Mil) to Sep. 2016 ($3,119 Mil)

Discover Financial Servicess quarterly accounts payable increased from Dec. 2013 ($2,958 Mil) to Dec. 2014 ($2,958 Mil) and increased from Dec. 2014 ($3,246 Mil) to Dec. 2015 ($3,343 Mil)


Definition

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.


Historical Data

{data_exp}

Discover Financial Services Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Dec13Dec14Dec15
Accts Payable 1352653,2113,0642,2092,9603,3372,9583,2463,343
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Accts Payable 2,9342,8563,2463,4503,0893,9033,3433,5602,9063,119
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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