Firstcash Holdings Inc
NASDAQ:FCFS
Firstcash Holdings Inc
Accounts Payable
Firstcash Holdings Inc
Accounts Payable Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Accounts Payable | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Firstcash Holdings Inc
NASDAQ:FCFS
|
Accounts Payable
$133.8m
|
CAGR 3-Years
15%
|
CAGR 5-Years
10%
|
CAGR 10-Years
10%
|
||
Synchrony Financial
NYSE:SYF
|
Accounts Payable
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
Discover Financial Services
NYSE:DFS
|
Accounts Payable
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
American Express Co
NYSE:AXP
|
Accounts Payable
$13.2B
|
CAGR 3-Years
11%
|
CAGR 5-Years
0%
|
CAGR 10-Years
1%
|
||
Capital One Financial Corp
NYSE:COF
|
Accounts Payable
$705m
|
CAGR 3-Years
43%
|
CAGR 5-Years
14%
|
CAGR 10-Years
11%
|
||
SoFi Technologies Inc
NASDAQ:SOFI
|
Accounts Payable
$272.4m
|
CAGR 3-Years
-15%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
Firstcash Holdings Inc
Glance View
FirstCash Holdings Inc. emerged as a formidable player in the financial services sector by specializing in pawn loans and related retail operations. Their journey began with a simple yet effective business model: extending short-term collateral-based loans, primarily to consumers underserved by traditional banking institutions. The essence of pawn transactions is straightforward: customers bring in personal items such as jewelry, electronics, or tools to secure a loan based on the perceived value of those items. Unlike typical lenders, FirstCash doesn't scrutinize credit scores; instead, they focus on the asset's worth. If the borrower repays the loan, their item is returned; if not, FirstCash can resell the item through their extensive retail network, ensuring that they maintain liquidity and revenue streams. This dual approach—lending and retail—creates a unique dynamic for FirstCash. Their stores, scattered across diverse markets in the United States and Latin America, serve as neighborhood hubs where financial needs meet consumer goods demand. When an item remains unsold, it's not just held as dormant inventory; it's positioned for resale at a competitive price, often attracting bargain hunters. This model not only diversifies their revenue channels but also offers a hedge against economic shifts. By operating in markets where access to traditional credit is often limited, FirstCash capitalizes on the growing need for flexible, accessible financial solutions. Their ability to adapt to regulatory changes and economic landscapes underscores a resilient, profit-driven approach that keeps them at the forefront of their industry.
See Also
What is Firstcash Holdings Inc's Accounts Payable?
Accounts Payable
133.8m
USD
Based on the financial report for Sep 30, 2024, Firstcash Holdings Inc's Accounts Payable amounts to 133.8m USD.
What is Firstcash Holdings Inc's Accounts Payable growth rate?
Accounts Payable CAGR 10Y
10%
Over the last year, the Accounts Payable growth was -9%. The average annual Accounts Payable growth rates for Firstcash Holdings Inc have been 15% over the past three years , 10% over the past five years , and 10% over the past ten years .