OFX Group (ASX:OFX) Accounts Payable & Accrued Expense : A$284.1 Mil (As of Sep. 2023)

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What is OFX Group Accounts Payable & Accrued Expense?

OFX Group's quarterly accounts payable & accrued expense increased from Sep. 2022 (A$361.3 Mil) to Mar. 2023 (A$386.7 Mil) but then declined from Mar. 2023 (A$386.7 Mil) to Sep. 2023 (A$284.1 Mil).

OFX Group's annual accounts payable & accrued expense increased from Mar. 2021 (A$251.4 Mil) to Mar. 2022 (A$254.3 Mil) and increased from Mar. 2022 (A$254.3 Mil) to Mar. 2023 (A$386.7 Mil).

OFX Group Accounts Payable & Accrued Expense Historical Data

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

OFX Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

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163.36

218.43

251.36

254.31

386.66

OFX Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															238.07	254.31	361.28	386.66	284.07

OFX 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.

OFX Group (ASX:OFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OFX Group Ltd (ASX:OFX) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000

Website

https://www.ofx.com

OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.

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