Magna International (TSX:MG) Accounts Payable & Accrued Expense : C$15,422 Mil (As of Dec. 2024)

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What is Magna International Accounts Payable & Accrued Expense?

Magna International's quarterly accounts payable & accrued expense increased from Jun. 2024 (C$15,391 Mil) to Sep. 2024 (C$15,426 Mil) but then declined from Sep. 2024 (C$15,426 Mil) to Dec. 2024 (C$15,422 Mil).

Magna International's annual accounts payable & accrued expense increased from Dec. 2022 (C$13,667 Mil) to Dec. 2023 (C$15,435 Mil) but then declined from Dec. 2023 (C$15,435 Mil) to Dec. 2024 (C$15,422 Mil).

Magna International Accounts Payable & Accrued Expense Historical Data

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

Magna International Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Payable & Accrued Expense

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12,005.88

12,380.16

13,666.51

15,435.11

15,422.38

Magna International Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															15,435.11	15,699.05	15,390.72	15,426.19	15,422.38

Magna International 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.

Magna International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (TSX:MG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MGA:USA MGA N:Mexico MGA:Germany

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's USD 42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%. Magna was founded in 1957, has over 179,000 employees, and is based in Aurora, Ontario.

Executives

Patrick William David Mccann	Senior Officer
Seetarama Swamy Kotagiri	Director, Senior Officer
Bruce Cluney	Senior Officer
Uwe Paul-ernst Geissinger	Senior Officer
Peter Guy Bowie	Director
Vincent Joseph Galifi	Senior Officer
Magna International Inc.	Issuer
Aaron David Mccarthy	Senior Officer
Boris Shulkin	Senior Officer
Eric Jon Wilds Wilds	Senior Officer
Anton Mayer	Senior Officer
Mary Lou Maher	Director
Matteo Del Sorbo	Senior Officer
Tommy Joseph Skudutis	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Guenther Friedrich Apfalter	Senior Officer