Woori Financial Group (FRA:2WGA) Accounts Payable & Accrued Expense : €12,393 Mil (As of Mar. 2024)

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What is Woori Financial Group Accounts Payable & Accrued Expense?

Woori Financial Group's quarterly accounts payable & accrued expense increased from Sep. 2023 (€98 Mil) to Dec. 2023 (€10,910 Mil) and increased from Dec. 2023 (€10,910 Mil) to Mar. 2024 (€12,393 Mil).

Woori Financial Group's annual accounts payable & accrued expense increased from Dec. 2021 (€7,826 Mil) to Dec. 2022 (€7,945 Mil) and increased from Dec. 2022 (€7,945 Mil) to Dec. 2023 (€10,910 Mil).

Woori Financial Group Accounts Payable & Accrued Expense Historical Data

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

Woori Financial Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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7,649.02

5,439.44

7,825.73

7,945.13

10,909.97

Woori Financial Group 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															12,085.31	12,579.54	98.21	10,909.97	12,392.61

Woori Financial 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.

Woori Financial Group (FRA:2WGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woori Financial Group Inc (FRA:2WGA) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

WF:USA 316140:Korea

Address

51, Sogong-ro, Jung-gu, Seoul, KOR, 04632

Website

https://www.woorifg.com

Woori is one of Korea's four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets but is now number four after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government has completed the process of fully divesting itself of Woori, with Korea Deposit Insurance selling its final 1.2% stake in late 2023.

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