China Automotive Systems (China Automotive Systems) Change In Working Capital : $-42.9 Mil (TTM As of Dec. 2023)

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What is China Automotive Systems Change In Working Capital?

China Automotive Systems's change in working capital for the quarter that ended in Dec. 2023 was $-11.2 Mil.

China Automotive Systems's change in working capital for the fiscal year that ended in Dec. 2023 was $-42.9 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

China Automotive Systems Change In Working Capital Historical Data

The historical data trend for China Automotive Systems's Change In Working Capital 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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China Automotive Systems Change In Working Capital Chart

China Automotive Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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6.53

40.87

-9.22

-5.49

-42.94

China Automotive Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Working Capital	Get a 7-Day Free Trial															4.52	-14.84	-14.24	-2.70	-11.16

China Automotive Systems Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-42.9 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

China Automotive Systems Change In Working Capital Related Terms

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China Automotive Systems (China Automotive Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Systems Inc (NAS:CAAS) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

RYV:Germany

Address

No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000

Website

http://www.caasauto.com

China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.

Executives

Jie Li	officer: Chief Financial Officer	HENGLONG BLDG., # 1 GUANSHAN 1ST ROAD, EAST LAKE HI-TECH ZONE, WUHAN F4 430073
Tong Kooi Teo	director	08-05 GOODWOOD RESIDENCE, 261 BUKIT TIMAH ROAD, SINGAPORE U0 259703
Stanley Morgan	other: See Remarks Below	1585 BROADWAY, NEW YORK NY 10036
Wong Arthur Lap Tat	director	C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Wu Qizhou	director, officer: COO
Tse Yiu Wong	director	4TH FL BLDG E NO 501, JEN GANG RD, SHANGHAI CHINA F4 9999999
Shengbin Yu	officer: Senior Vice President	HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073
Liping Xie	other: Wife of Chairman
Haimian Cai	director	3170 OTTER CREEK COURT, ANN ARBOR MI 48105
Hanlin Chen	director, 10 percent owner, officer: President and CEO
Shaobo Wang	officer: Senior Vice President	HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073
Yijun Xia	officer: Vice President	NO. 1 HENGLONG ROAD, YUQIAO DEV. ZONE, SHASHI DISTRICT, JINGZHOU CITY, HUBEI PROVINCE F4 434000
Guangxun Xu	director	17 WINDERMERE AVENUE, FINCHLEY, LONDON X0 N3 3QX
Robert Tung	director	1733 LEHAVRE DR, POTOMAC MD 20854
Daming Hu	officer: Chief Accountant