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Ally Financial (FRA:GMZ) Accounts Payable & Accrued Expense : €1,513 Mil (As of Mar. 2024)


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What is Ally Financial Accounts Payable & Accrued Expense?

Ally Financial's quarterly accounts payable & accrued expense declined from Sep. 2023 (€1,798 Mil) to Dec. 2023 (€1,254 Mil) but then increased from Dec. 2023 (€1,254 Mil) to Mar. 2024 (€1,513 Mil).

Ally Financial's annual accounts payable & accrued expense increased from Dec. 2021 (€703 Mil) to Dec. 2022 (€796 Mil) and increased from Dec. 2022 (€796 Mil) to Dec. 2023 (€1,254 Mil).

Ally Financial Accounts Payable & Accrued Expense Historical Data

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

Ally Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,058.40 833.51 702.69 795.79 1,253.54

Ally Financial 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 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 1,214.20 1,356.81 1,798.10 1,253.54 1,513.40

Ally Financial 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.

Ally Financial (FRA:GMZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ally Financial Inc (FRA:GMZ) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
ALLY:USA ALLY1:Mexico 0HD0:UK GMZ:Germany
Address
500 Woodward Avenue, Floor 10, Ally Detroit Center, Detroit, MI, USA, 48226
Website
https://www.ally.com
Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, personal loans, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.