Grenke AG (Grenke AG) Accounts Payable & Accrued Expense : $67.1 Mil (As of Mar. 2024)

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What is Grenke AG Accounts Payable & Accrued Expense?

Grenke AG's quarterly accounts payable & accrued expense increased from Sep. 2023 ($74.7 Mil) to Dec. 2023 ($81.2 Mil) but then declined from Dec. 2023 ($81.2 Mil) to Mar. 2024 ($67.1 Mil).

Grenke AG's annual accounts payable & accrued expense declined from Dec. 2021 ($97.7 Mil) to Dec. 2022 ($82.3 Mil) and declined from Dec. 2022 ($82.3 Mil) to Dec. 2023 ($81.2 Mil).

Grenke AG Accounts Payable & Accrued Expense Historical Data

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

Grenke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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88.07

126.61

97.68

82.35

81.17

Grenke AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															69.09	85.37	74.75	81.17	67.08

Grenke AG 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.

Grenke AG (Grenke AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (OTCPK:GKSGF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

0R97:UK GLJ:Germany

Address

Neuer Markt 2, Baden-Baden, DEU, 76532

Website

https://www.grenke.de

Grenke AG is a financial-services company that, under a franchise model, provides operational infrastructure, the licensing of the group's name to contracted parties, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include Leasing, Banking, and Factoring. The Leasing segment produces the most revenue. GRENKE Bank's actions compose the banking segment, primarily including acting as the financing partner for SMEs. The Factoring segment includes mainly small-ticket factoring services. The company operates primarily in Europe, with the most revenue coming from Ireland and Germany.