Magna International (Magna International) Current Accrued Expense : $3,538 Mil (As of Dec. 2023)

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What is Magna International Current Accrued Expense?

Magna International's Current Accrued Expense for the quarter that ended in Dec. 2023 was $3,538 Mil.

Magna International's quarterly Current Accrued Expense declined from Jun. 2023 ($3,495 Mil) to Sep. 2023 ($3,437 Mil) but then increased from Sep. 2023 ($3,437 Mil) to Dec. 2023 ($3,538 Mil).

Magna International's annual Current Accrued Expense declined from Dec. 2021 ($3,007 Mil) to Dec. 2022 ($2,968 Mil) but then increased from Dec. 2022 ($2,968 Mil) to Dec. 2023 ($3,538 Mil).

Magna International Current Accrued Expense Historical Data

The historical data trend for Magna International's Current 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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Magna International Current Accrued Expense Chart

Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Current Accrued Expense

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2,553.00

3,069.00

3,007.00

2,968.00

3,538.00

Magna International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Current Accrued Expense	Get a 7-Day Free Trial															2,968.00	3,348.00	3,495.00	3,437.00	3,538.00

Magna International Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

Magna International Current Accrued Expense Related Terms

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Magna International (Magna International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Current Accrued Expense

Comparable Companies

Traded in Other Exchanges

MGA N:Mexico MGA:Germany MGA:Germany MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.