Openlane (FRA:XKR) Accounts Payable & Accrued Expense : €767 Mil (As of Mar. 2024)

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What is Openlane Accounts Payable & Accrued Expense?

Openlane's quarterly accounts payable & accrued expense declined from Sep. 2023 (€691 Mil) to Dec. 2023 (€598 Mil) but then increased from Dec. 2023 (€598 Mil) to Mar. 2024 (€767 Mil).

Openlane's annual accounts payable & accrued expense declined from Dec. 2021 (€802 Mil) to Dec. 2022 (€609 Mil) and declined from Dec. 2022 (€609 Mil) to Dec. 2023 (€598 Mil).

Openlane Accounts Payable & Accrued Expense Historical Data

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

Openlane Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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859.50

726.48

802.43

608.88

597.70

Openlane 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															726.84	652.10	690.66	597.70	766.82

Openlane 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.

Openlane (FRA:XKR) Business Description

Industry

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

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Traded in Other Exchanges

KAR:USA

Address

11299 N. Illinois Street, Carmel, IN, USA, 46032

Website

https://corporate.openlane.com

Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.

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