Credit Group (ASX:CCP) Accounts Payable & Accrued Expense : A$26.3 Mil (As of Dec. 2023)

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What is Credit Group Accounts Payable & Accrued Expense?

Credit Group's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$31.4 Mil) to Jun. 2023 (A$38.1 Mil) but then declined from Jun. 2023 (A$38.1 Mil) to Dec. 2023 (A$26.3 Mil).

Credit Group's annual accounts payable & accrued expense declined from Jun. 2021 (A$39.0 Mil) to Jun. 2022 (A$26.1 Mil) but then increased from Jun. 2022 (A$26.1 Mil) to Jun. 2023 (A$38.1 Mil).

Credit Group Accounts Payable & Accrued Expense Historical Data

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

Credit Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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28.56

27.97

39.03

26.05

38.10

Credit Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															39.68	26.05	31.42	38.10	26.28

Credit Group 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.

Credit Group (ASX:CCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Corp Group Ltd (ASX:CCP) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Kent Street, Level 15, Sydney, NSW, AUS, 2000

Website

https://www.creditcorp.com.au

Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist of unsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale but is also subject to increased regulatory scrutiny.

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