OceanFirst Financial (OceanFirst Financial) Change In Working Capital

: $-22.6 Mil (TTM As of Dec. 2023)

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OceanFirst Financial's change in working capital for the quarter that ended in Dec. 2023 was $-57.1 Mil.

OceanFirst Financial's change in working capital for the fiscal year that ended in Dec. 2023 was $-22.6 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).

OceanFirst Financial Change In Working Capital Historical Data

The historical data trend for OceanFirst Financial'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.

* Premium members only.

OceanFirst Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

-21.74

75.67

-6.36

79.78

-22.61

OceanFirst Financial 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																-10.91	-19.53	38.90	15.12	-57.10

OceanFirst Financial 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 $-22.6 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.

OceanFirst Financial Change In Working Capital Related Terms

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OceanFirst Financial (OceanFirst Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OceanFirst Financial Corp (NAS:OCFC) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

OCFCP.PFD:USA

Address

110 West Front Street, Red Bank, NJ, USA, 07701

Website

https://www.oceanfirst.com

OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management services.

Executives

John F Barros	director	975 HOOPER AVENUE, TOMS RIVER NJ 08753
Robert C Garrett	director	110 WEST FRONT STREET, RED BANK NJ 07701
Anthony Iii Giordano	other: Chief Retail Officer, OFB	4 KELLY LANE, LONG BRANCH NJ 07740
David Berninger	officer: EVP & Chief Risk Officer	975 HOOPER AVENUE, TOMS RIVER NJ 08753
Dalila Wilson-scott	director	110 WEST FRONT STREET, RED BANK NJ 07701
Oceanfirst Financial Corp	director	975 HOOPER AVENUE, TOMS RIVER NJ 08723
Brian Schaeffer	other: EVP & CIO, OceanFirst Bank	975 HOOPER AVENUE, TOMS RIVER NJ 08753
Joseph Iii Lebel	other: EVP, CBO OceanFirst Bank	975 HOOPER AVENUE, TOMS RIVER NJ 08754
Jack M. Farris	director	C/O OCEANFIRST BANK, 975 HOOPER AVE., TOMS RIVER NJ 08754
Christopher Maher	director, officer: Chairman, President and CEO	209 HAVEMEYER STREET, BROOKLYN NY 11211
Murphy Joseph M. Jr.	director	110 WEST FRONT STREET, RED BANK NJ 07701
Patrick Sean Barrett	officer: Executive Vice President & CFO	C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Patrick Chong	other: SVP/Principal Accounting Off.	110 WEST FRONT STREET, RED BANK NJ 07701
Michael D Devlin	director	834 CENTRAL AVENUE, P.O. BOX 189, HAMMONTON NJ 08037
Nicos Katsoulis	director	C/O STATE BANCORP, INC., TWO JERICHO PLAZA, JERICHO NY 11753