What is Corpay's fleet — other non-cash operating expense, net?

Corpay (CPAY) reported fleet — other non-cash operating expense, net of $186.61M in Q3 2023.

How has Corpay's fleet — other non-cash operating expense, net changed year-over-year?

Corpay's fleet — other non-cash operating expense, net decreased by 3.1% year-over-year, from $192.60M to $186.61M.

What does fleet — other non-cash operating expense, net mean?

Non-cash operating costs specific to the fleet segment that do not involve cash outflows.

Discontinued — last reported Q3 '23

Business Segments · Other non-cash operating expense, net

Fleet — Other non-cash operating expense, net

Corpay Fleet — Other non-cash operating expense, net increased by 1.6% to $186.61M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 3.1%, from $192.60M to $186.61M. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2019

Last reportedQ3 2023

Rolls up toOperating Income

How to read this metric

An increase may signal higher non-cash compensation or accounting charges, potentially impacting GAAP profitability metrics.

Detailed definition

This metric captures non-cash operating expenses related to the Fleet segment that are not classified as standard deprec...

Peer comparison

Comparable to non-cash operating expense line items found in segment-level financial disclosures.

Metric ID: cpay_segment_fleet_other_non_cash_operating_expense_net

Historical Data

10 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23
Value	$172.59M	$181.79M	$168.86M	$167.85M	$186.79M	$192.60M	$180.77M	$173.53M	$183.66M	$186.61M
QoQ Change	—	+5.3%	-7.1%	-0.6%	+11.3%	+3.1%	-6.1%	-4.0%	+5.8%	+1.6%
YoY Change	—	—	—	—	+8.2%	+5.9%	+7.1%	+3.4%	-1.7%	-3.1%

Range$167.85M – $192.60M

CAGR+3.5%

Avg YoY Growth+3.3%

Median YoY Growth+4.7%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Corpay's fleet — other non-cash operating expense, net?: Corpay (CPAY) reported fleet — other non-cash operating expense, net of $186.61M in Q3 2023.
How has Corpay's fleet — other non-cash operating expense, net changed year-over-year?: Corpay's fleet — other non-cash operating expense, net decreased by 3.1% year-over-year, from $192.60M to $186.61M.
What does fleet — other non-cash operating expense, net mean?: Non-cash operating costs specific to the fleet segment that do not involve cash outflows.