Penske Automotive Group (STU:UA9) Accounts Payable & Accrued Expense : €1,692 Mil (As of Mar. 2024)

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What is Penske Automotive Group Accounts Payable & Accrued Expense?

Penske Automotive Group's quarterly accounts payable & accrued expense declined from Sep. 2023 (€1,627 Mil) to Dec. 2023 (€1,538 Mil) but then increased from Dec. 2023 (€1,538 Mil) to Mar. 2024 (€1,692 Mil).

Penske Automotive Group's annual accounts payable & accrued expense increased from Dec. 2021 (€1,449 Mil) to Dec. 2022 (€1,550 Mil) but then declined from Dec. 2022 (€1,550 Mil) to Dec. 2023 (€1,538 Mil).

Penske Automotive Group Accounts Payable & Accrued Expense Historical Data

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

Penske Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,206.63

1,185.82

1,449.10

1,549.67

1,537.53

Penske Automotive Group 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															1,665.60	1,630.57	1,626.63	1,537.53	1,691.79

Penske 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.

Penske Automotive Group (STU:UA9) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Penske Automotive Group Inc (STU:UA9) » Definitions » Accounts Payable & Accrued Expense

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PAG:USA UA9:Germany

Address

2555 Telegraph Road, Bloomfield Hills, MI, USA, 48302-0954

Website

https://www.penskeautomotive.com

Penske Automotive Group operates in about 20 U.S. states and overseas. It has about 150 U.S. light-vehicle stores including in Puerto Rico as well as 189 franchised dealerships overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 20 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.

Penske Automotive Group (STU:UA9) Headlines

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