Orrstown Financial Services (Orrstown Financial Services) Change In Working Capital : $-4.1 Mil (TTM As of Dec. 2023)

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What is Orrstown Financial Services Change In Working Capital?

Orrstown Financial Services's change in working capital for the quarter that ended in Dec. 2023 was $3.7 Mil.

Orrstown Financial Services's change in working capital for the fiscal year that ended in Dec. 2023 was $-4.1 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).

Orrstown Financial Services Change In Working Capital Historical Data

The historical data trend for Orrstown Financial Services'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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Orrstown Financial Services Change In Working Capital Chart

Orrstown Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-4.04

-1.93

-1.92

6.72

-4.08

Orrstown Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Working Capital	Get a 7-Day Free Trial															-11.23	5.14	-1.72	3.72	-

Orrstown Financial Services 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 $-4.1 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.

Orrstown Financial Services Change In Working Capital Related Terms

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Orrstown Financial Services (Orrstown Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Orrstown Financial Services Inc (NAS:ORRF) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 East King Street, P.O. Box 250, Shippensburg, PA, USA, 17257

Website

https://www.orrstown.com

Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending. Deposit services include checking, savings, time, and money market deposits. It also provides investment and brokerage services through its Financial Advisors division. The company operates in a significant segment - Community Banking.

Executives

Floyd E Stoner	director	3402 HOLLY STREET, ALEXANDRIA VA 22305-1900
Thomas D Longenecker	director	77 EAST KING STREET, P. O. BOX 250, SHIPPENSBURG PA 17257
Sean Mulcahy	officer: Chief Accounting Officer	77 EAST KING STREET, SHIPPENSBURG PA 17257
Robert G Coradi	officer: Chief Risk Officer	1009 STONECROFT DRIVE, HANOVER PA 17331
Matthew Dyckman	officer: EVP, General Counsel	C/O ORRSTOWN FINANCIAL SERVICES INC., 77 EAST KING STREET, P.O. BOX 250, SHIPPENSBERG PA 17257
Christopher D Holt	officer: Executive Vice President	77 EAST KING STREET, CHAMBERSBURG PA 17257
Neelesh Kalani	officer: Chief Accounting Officer	SUN BANCORP, INC., 226 LANDIS AVENUE, VINELAND PA 19087
Quinn Thomas R Jr	officer: President/CEO	61 ASHTON STREET, CARLISLE PA 17013
David Todd Hornberger	officer: Executive Vice President	77 EAST KING STREET, SHIPPENSBURG PA 17257
Jeffrey S Gayman	officer: Senior Vice President	70 PINE CREEK DRIVE, CARLISLE PA 17013
Philip E Fague	officer: Executive Vice President	9754 FOREST RIDGE ROAD, SHIPPENSBURG PA 17257
Meera R Modi	director	4750 LINDLE ROAD, HARRISBURG PA 17111
Cindy Jeannette Joiner	director	77 EAST KING STREET, P O BOX 250, SHIPPENSBURG PA 17257
Joel R Zullinger	director	1441 EDGAR AVE, CHAMBERSBURGH PA 17201
Andrea L Pugh	director	7970 EBENEZER ROAD, ORRSTOWN PA 17244