Turners Automotive Group (NZSE:TRA) Accounts Payable & Accrued Expense : NZ$48.4 Mil (As of Mar. 2024)

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What is Turners Automotive Group Accounts Payable & Accrued Expense?

Turners Automotive Group's quarterly accounts payable & accrued expense declined from Mar. 2023 (NZ$56.0 Mil) to Sep. 2023 (NZ$49.2 Mil) and declined from Sep. 2023 (NZ$49.2 Mil) to Mar. 2024 (NZ$48.4 Mil).

Turners Automotive Group's annual accounts payable & accrued expense increased from Mar. 2022 (NZ$50.1 Mil) to Mar. 2023 (NZ$56.0 Mil) but then declined from Mar. 2023 (NZ$56.0 Mil) to Mar. 2024 (NZ$48.4 Mil).

Turners Automotive Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Turners Automotive 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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Turners Automotive Group Accounts Payable & Accrued Expense Chart

Turners Automotive Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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28.05

38.24

50.10

56.01

48.35

Turners Automotive Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															50.10	42.44	56.01	49.23	48.35

Turners Automotive 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.

Turners Automotive Group (NZSE:TRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Automotive Group Ltd (NZSE:TRA) » Definitions » Accounts Payable & Accrued Expense

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TRA:Australia

Address

Level 5, 70 Shortland Street, PO Box 1232, Auckland, NZL, 1140

Website

https://www.turnersautogroup.co.nz

Turners Automotive Group Ltd is an integrated financial services group, primarily operating in the automotive sector. Business activity generally functions through Automotive Retail, Finance, Insurance, Credit management, Corporate, and Others. The company derives the majority of its revenue from Automotive retail which is engaged in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale and related asset-based finance to consumers. Geographically the group's business activities are located in New Zealand and Australia.

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