Glencore (LSE:GLEN) Accounts Payable & Accrued Expense : £24,600 Mil (As of Dec. 2023)

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What is Glencore Accounts Payable & Accrued Expense?

Glencore's quarterly accounts payable & accrued expense declined from Dec. 2022 (£27,990 Mil) to Jun. 2023 (£25,143 Mil) and declined from Jun. 2023 (£25,143 Mil) to Dec. 2023 (£24,600 Mil).

Glencore's annual accounts payable & accrued expense increased from Dec. 2021 (£23,041 Mil) to Dec. 2022 (£27,990 Mil) but then declined from Dec. 2022 (£27,990 Mil) to Dec. 2023 (£24,600 Mil).

Glencore Accounts Payable & Accrued Expense Historical Data

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

Glencore Annual Data

Trend

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Dec20

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Dec23

Accounts Payable & Accrued Expense

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20,385.07

18,358.94

23,040.53

27,989.53

24,599.81

Glencore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															23,040.53	28,509.32	27,989.53	25,142.83	24,599.81

Glencore 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.

Glencore (LSE:GLEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (LSE:GLEN) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA GLCNF:USA GLENl:UK 8GC:Germany

Address

Baarermattstrasse 3, P.O. Box 1363, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's Marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It has also agreed to buy Teck's metallurgical coal business, with the deal likely closing in the third quarter of 2024.

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