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FinVolution Group (FinVolution Group) Accounts Payable & Accrued Expense : $248 Mil (As of Dec. 2023)


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What is FinVolution Group Accounts Payable & Accrued Expense?

FinVolution Group's quarterly accounts payable & accrued expense increased from Jun. 2023 ($352 Mil) to Sep. 2023 ($356 Mil) but then declined from Sep. 2023 ($356 Mil) to Dec. 2023 ($248 Mil).

FinVolution Group's annual accounts payable & accrued expense declined from Dec. 2021 ($456 Mil) to Dec. 2022 ($447 Mil) and declined from Dec. 2022 ($447 Mil) to Dec. 2023 ($248 Mil).

FinVolution Group Accounts Payable & Accrued Expense Historical Data

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

FinVolution Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only 1,377.73 396.84 456.36 447.37 247.65

FinVolution Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 447.37 405.52 352.05 356.33 247.65

FinVolution 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.

FinVolution Group (FinVolution Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FinVolution Group (NYSE:FINV) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
PP3:Germany
Address
No. 999 Dangui Road, Building G1, Pudong New District, Shanghai, CHN, 201203
Website
https://www.finvgroup.com
FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers. The Group's long-lived assets are located in the PRC and its revenues are derived from within the PRC.