CarMax (FRA:XA4) Accounts Payable & Accrued Expense : €1,351 Mil (As of Feb. 2024)

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What is CarMax Accounts Payable & Accrued Expense?

CarMax's quarterly accounts payable & accrued expense declined from Aug. 2023 (€1,325 Mil) to Nov. 2023 (€1,171 Mil) but then increased from Nov. 2023 (€1,171 Mil) to Feb. 2024 (€1,351 Mil).

CarMax's annual accounts payable & accrued expense declined from Feb. 2022 (€1,296 Mil) to Feb. 2023 (€1,219 Mil) but then increased from Feb. 2023 (€1,219 Mil) to Feb. 2024 (€1,351 Mil).

CarMax Accounts Payable & Accrued Expense Historical Data

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

CarMax Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Accounts Payable & Accrued Expense

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981.44

1,004.82

1,295.94

1,219.39

1,351.27

CarMax Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,219.39	1,421.59	1,325.35	1,171.21	1,351.27

CarMax 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.

CarMax (FRA:XA4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarMax Inc (FRA:XA4) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

KMX:USA KMX:Mexico

Address

12800 Tuckahoe Creek Parkway, Richmond, VA, USA, 23238

Website

https://www.carmax.com

CarMax sells, finances, and services used and new cars through a chain of about 240 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (78% in fiscal 2023 due to the chip shortage) and wholesale about 13% (20% in fiscal 2023), with the remaining portion composed of extended service plans and repair. In fiscal 2023, the company retailed and wholesaled 807,823, and 585,071 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2022. It seeks over 5% share by the end of calendar 2025. CarMax is based in Richmond, Virginia.

CarMax (FRA:XA4) Headlines

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