Sumitomo Mitsui Financial Group (NGO:8316) Accounts Payable & Accrued Expense : 円1,540,538 Mil (As of Dec. 2023)

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What is Sumitomo Mitsui Financial Group Accounts Payable & Accrued Expense?

Sumitomo Mitsui Financial Group's quarterly accounts payable & accrued expense declined from Jun. 2023 (円2,408,719 Mil) to Sep. 2023 (円2,111,631 Mil) and declined from Sep. 2023 (円2,111,631 Mil) to Dec. 2023 (円1,540,538 Mil).

Sumitomo Mitsui Financial Group's annual accounts payable & accrued expense increased from Mar. 2021 (円2,321,223 Mil) to Mar. 2022 (円2,443,873 Mil) but then declined from Mar. 2022 (円2,443,873 Mil) to Mar. 2023 (円2,413,464 Mil).

Sumitomo Mitsui Financial Group Accounts Payable & Accrued Expense Historical Data

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

Sumitomo Mitsui Financial Group Annual Data

Trend

Mar14

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Mar20

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Mar23

Accounts Payable & Accrued Expense

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1,352,773.00

1,811,355.00

2,321,223.00

2,443,873.00

2,413,464.00

Sumitomo Mitsui Financial 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															2,277,954.00	2,413,464.00	2,408,719.00	2,111,631.00	1,540,538.00

Sumitomo Mitsui 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.

Sumitomo Mitsui Financial Group (NGO:8316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (NGO:8316) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:USA SMFG:Mexico 8316:Japan XMFA:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.

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