Surgepays (Surgepays) Change In Working Capital : $-13.9 Mil (TTM As of Dec. 2023)

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What is Surgepays Change In Working Capital?

Surgepays's change in working capital for the quarter that ended in Dec. 2023 was $-3.0 Mil.

Surgepays's change in working capital for the fiscal year that ended in Dec. 2023 was $-13.9 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).

Surgepays Change In Working Capital Historical Data

The historical data trend for Surgepays'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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Surgepays Change In Working Capital Chart

Surgepays Annual Data

Trend

Apr14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-0.15

3.94

-2.68

0.18

-13.88

Surgepays 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															0.89	-2.24	-9.29	0.60	-2.96

Surgepays 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 $-13.9 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.

Surgepays Change In Working Capital Related Terms

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Surgepays (Surgepays) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Surgepays Inc (NAS:SURG) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

9B90:Germany

Address

3124 Brother Boulevard, Suite 104, Bartlett, TN, USA, 38133

Website

https://www.surgepays.com

Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays.

Executives

Kevin Brian Cox	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	3124 BROTHER BLVD, STE. 104, BARTLETT W6 38133
Laurie Weisberg	director	C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Richard Earl Schurfeld	director	1600 MADISON AVENUE, 4TH FLOOR, TOLEDO OH 43604
John Mott	officer: CHIEF TECHNOLOGY OFFICER	890 W, HILLWOOD DM, NASHVILLE TN 37205
David Allen May	director	12131 BROOKS RIVER DR, ARLINGTON TN 38002
Nuzzo Anthony P. Jr	director, officer: President and COO	3124 BROTHER BLVD, STE 104, BARTLETT TN 38133
Anthony Geogre Evers	officer: Chief Financial Officer	701 ASHTON LANE, SOUTH ELGIN IL 60177
David N Keys	director	3770 HOWARD HUGHES PARKWAY, STE 300, LAS VEGAS NV 89109
David C Ansani	director	1375 VALLEY RD, BANNOCKBURN L3 60015
Campbell Ted Dudley Ii	director	PO BOX 1358, SPRING BRANCH TX 78070
Clinton W Coldren	director, 10 percent owner, officer: PRESIDENT, CEO & CFO	1535 SONIAT ST.,, NEW ORLEANS LA 70115
Alan G Massara	director	339 NORWOOD AVENUE, AVON BY THE SEA NJ 07717
Ross E Silvey	director, officer: CEO and President	7633 EAST 63RD PLACE, #220, TULSA OK 74133
Vladimir Fedyunin	director, 10 percent owner, officer: President, CEO and CFO	PO BOX 158, LIONS BAY A1 VON 2E0