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Sutor Technology Group Ltd (NAS:SUTR)
Change In Working Capital
$12.9 Mil (As of Mar. 2014)

Sutor Technology Group Ltd's change in working capital for the quarter that ended in Mar. 2014 was $12.9 Mil. It means Sutor Technology Group Ltd's working capital increased by $12.9 Mil from Dec. 2013 to Mar. 2014 .

Sutor Technology Group Ltd's change in working capital for the fiscal year that ended in Jun. 2013 was $-45.2 Mil. It means Sutor Technology Group Ltd's working capital declined by $45.2 Mil from Jun. 2012 to Jun. 2013 .


Definition

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.

Sutor Technology Group Ltd's Working Capital for the quarter that ended in Mar. 2014 is calculated as

Working Capital = Total Current Assets - Total Current Liabilities
= 553.101 - 392.287
= 160.8

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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.


Related Terms

Total Current Assets, Total Current Liabilities


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Sutor Technology Group Ltd Annual Data

Dec04Dec05Dec06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ChangeInWorkingCapital 0.0-0.00.0-52.3-70.2-22.8-23.4-30.4-6.5-45.2

Sutor Technology Group Ltd Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ChangeInWorkingCapital -14.615.619.83.7-7.6-23.1-18.34.5-5.612.9
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