Fitbit (Fitbit) Change In Working Capital : $75 Mil (TTM As of Sep. 2020)

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What is Fitbit Change In Working Capital?

Fitbit's change in working capital for the quarter that ended in Sep. 2020 was $1 Mil.

Fitbit's change in working capital for the fiscal year that ended in Dec. 2019 was $-3 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).

Fitbit Change In Working Capital Historical Data

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

Fitbit Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Working Capital

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-111.04

199.19

1.11

122.76

-3.28

Fitbit Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Change In Working Capital	Get a 7-Day Free Trial															-29.95	114.34	-154.53	114.33	0.53

Fitbit Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $75 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.

Fitbit Change In Working Capital Related Terms

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Fitbit (Fitbit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fitbit Inc (NYSE:FIT) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Fremont Street, 14th Floor, San Francisco, CA, USA, 94105

Website

https://www.fitbit.com

Fitbit Inc is a provider of health and fitness devices. The company's platform combines connected health and fitness devices with software and services. Its platform includes a family of wearable devices which include health and fitness trackers and smartwatches, enable the users to view data about their daily activity, exercise and sleep in real-time. The company software and services which include an online dashboard and mobile app, provide users with data analytics, motivational and social tools, and virtual coaching through customized fitness plans and interactive workouts.

Executives

Eric N. Friedman	director, 10 percent owner, officer: CTO	C/O FITBIT, INC. 405 HOWARD STREET SAN FRANCISCO CA 94105
Andy Missan	officer: EVP, General Counsel, Sect.	C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Ronald W Kisling	officer: Chief Financial Officer	2400 BRIDGE PARKWAY, REDWOOD SHORES CA 940651166
Jeffrey P Devine	officer: EVP of Operations	950 WEST MAUDE AVE SUNNYVALE X1 94085
James Park	director, 10 percent owner, officer: PRESIDENT, CEO, COB	C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Christopher B Paisley	director	14870 THREE OAKS COURT, SARATOGA CA 95070
Bradley M Fluegel	director	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Glenda J Flanagan	director	550 BOWIE STREET, AUSTIN TX 78703
Matthew S Bromberg	director	C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103
Laura Alber	director
Steven Joseph Murray	director	C/O SOFTBANK CAPITAL, 38 GLEN AVENUE, NEWTON MA 02459
William Zerella	officer: CFO	C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Jon Callaghan	director	C/O TRUE VENTURES, 530 LYTTON AVE, STE 303, PALO ALTO CA 94301
Edward M. Scal	officer: CHIEF BUSINESS OFFICER	C/O FITBIT, INC. 405 HOWARD STREET SAN FRANCISCO CA 94105
Timothy M. Roberts	officer: EVP, INTERACTIVE	C/O FITBIT, INC. 405 HOWARD STREET SAN FRANCISCO CA 94105