Credit Acceptance (BSP:CRDA34) Accounts Payable & Accrued Expense : R$2,053 Mil (As of Mar. 2024)

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What is Credit Acceptance Accounts Payable & Accrued Expense?

Credit Acceptance's quarterly accounts payable & accrued expense increased from Sep. 2023 (R$1,450 Mil) to Dec. 2023 (R$1,959 Mil) and increased from Dec. 2023 (R$1,959 Mil) to Mar. 2024 (R$2,053 Mil).

Credit Acceptance's annual accounts payable & accrued expense increased from Dec. 2021 (R$991 Mil) to Dec. 2022 (R$1,381 Mil) and increased from Dec. 2022 (R$1,381 Mil) to Dec. 2023 (R$1,959 Mil).

Credit Acceptance Accounts Payable & Accrued Expense Historical Data

The historical data trend for Credit Acceptance'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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Credit Acceptance Accounts Payable & Accrued Expense Chart

Credit Acceptance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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847.99

961.54

990.74

1,381.11

1,958.94

Credit Acceptance 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															1,352.15	1,277.98	1,450.00	1,958.94	2,052.67

Credit Acceptance 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.

Credit Acceptance (BSP:CRDA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Acceptance Corp (BSP:CRDA34) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

CACC:USA

Address

25505 W. Twelve Mile Road, Southfield, MI, USA, 48034-8339

Website

https://www.creditacceptance.com

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

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