IEC Electronics (IEC Electronics) Change In Working Capital : $-13.8 Mil (TTM As of Jun. 2021)

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What is IEC Electronics Change In Working Capital?

IEC Electronics's change in working capital for the quarter that ended in Jun. 2021 was $-7.1 Mil.

IEC Electronics's change in working capital for the fiscal year that ended in Sep. 2020 was $2.0 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).

IEC Electronics Change In Working Capital Historical Data

The historical data trend for IEC Electronics'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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IEC Electronics Change In Working Capital Chart

IEC Electronics Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Change In Working Capital

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6.95

-1.33

-4.52

-20.07

2.00

IEC Electronics Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Change In Working Capital	Get a 7-Day Free Trial															2.28	3.70	-7.96	-2.46	-7.05

IEC Electronics Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.8 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.

IEC Electronics Change In Working Capital Related Terms

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IEC Electronics (IEC Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEC Electronics Corp (NAS:IEC) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Norton Street, Newark, NY, USA, 14513

Website

https://www.iec-electronics.com

IEC Electronics Corp operates in an electronics contract manufacturing services (EMS) industry. It provides electronic manufacturing services to advanced technology companies primarily in the medical, industrial, aerospace and defense sectors. Its offerings include on-site analytical testing laboratories, custom design, and test engineering services. The firm also offers a broad array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking. The majority of its revenue is derived from the sale of electronic products.

Executives

Jeremy R Nowak	director	C/O API TECHNOLOGIES CORP ONE NORTH WACKER DRIVE SUITE 4400 CHICAGO IL 60606
Charles P Hadeed	director	35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Jeffrey T Schlarbaum	director, officer: President and CEO	105 NORTON STREET, NEWARK NY 14513
Michael W Osborne	director	105 NORTON STREET NEWARK NY 14513
Andrew M Laurence	director	C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606
Keith M Butler	director	105 NORTON STREET NEWARK NY 14513
Thomas L Barbato	officer: CFO	105 NORTON STREET, NEWARK NY 14513
Lynn J Hartrick	director	105 NORTON STREET NEWARK NY 14513
Michael Thomas Williams	officer: VP, Finance and CFO	54 BARCHAN DUNE RISE VICTOR NY 14564
Jens Hauvn	officer: SVP, Operations	C/O IEC ELECTRONICS CORP. 105 NORTON STREET NEWARK NY 14513
Eric Singer	director	323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
W Barry Gilbert	officer: CEO & Chairman of the Board	C/O IEC ELECTRONICS CORP. NEWARK NY 14513
Brett Eugene Mancini	officer: VP Bus Devel & Eng Serv	12 SANDPIPER LANE PITTSFORD NY 14534
John Carlton Johnson	director	24450 MEADOW ROAD PO BOX 1093 CLARK CO 80428
Florence Distefano Hudson	director	1 WINSOR PLACE PURCHASE NY 10577