Standard Bank Group (JSE:SBK) Accounts Payable & Accrued Expense : R20,723 Mil (As of Dec. 2023)

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What is Standard Bank Group Accounts Payable & Accrued Expense?

Standard Bank Group's quarterly accounts payable & accrued expense declined from Dec. 2022 (R22,068 Mil) to Jun. 2023 (R10,224 Mil) but then increased from Jun. 2023 (R10,224 Mil) to Dec. 2023 (R20,723 Mil).

Standard Bank Group's annual accounts payable & accrued expense increased from Dec. 2021 (R16,777 Mil) to Dec. 2022 (R22,068 Mil) but then declined from Dec. 2022 (R22,068 Mil) to Dec. 2023 (R20,723 Mil).

Standard Bank Group Accounts Payable & Accrued Expense Historical Data

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

Standard Bank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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13,627.00

14,005.00

16,777.00

22,068.00

20,723.00

Standard Bank Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															16,777.00	8,566.00	22,068.00	10,224.00	20,723.00

Standard Bank 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.

Standard Bank Group (JSE:SBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Standard Bank Group Ltd (JSE:SBK) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SBPP.PFD:South Africa SBKP.PFD:South Africa SGBLY:USA SBGOF:USA SNB:Namibia SKC2:Germany

Address

550 Denman Street, Suite 200, Vancouver, BC, CAN

Website

https://www.standardbank.com

Standard Bank Group Ltd provides banking and other financial services for its customers in roughly 20 countries in sub-Saharan Africa. Its two biggest business segments are personal and business banking and corporate and investment banking. The company earns most of its income from the personal and business banking segment, where it offers credit cards, mortgages, vehicle loans, insurance, and other lending and transactional products. The company generates nearly all its income in Africa, with most coming from South Africa.

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