QNB (QNBC) Change In Working Capital : $1.87 Mil (TTM As of Dec. 2023)

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What is QNB Change In Working Capital?

QNB's change in working capital for the quarter that ended in Dec. 2023 was $2.64 Mil.

QNB's change in working capital for the fiscal year that ended in Dec. 2023 was $1.87 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).

QNB Change In Working Capital Historical Data

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

QNB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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0.83

-3.35

0.70

-2.06

1.87

QNB 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															0.78	1.08	-2.63	2.64	-

QNB 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 $1.87 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.

QNB Change In Working Capital Related Terms

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QNB (QNBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » QNB Corp (OTCPK:QNBC) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 North Third Street, P.O. Box 9005, Quakertown, PA, USA, 18951-9005

Website

https://www.qnbbank.com

QNB Corp is a bank holding company based in the United States. It operates through its wholly-owned subsidiary, QNB Bank which engages in the general commercial banking business and offering a full range of banking services to its customers. Its business activities involve attracting deposits and using funds in making commercial loans, residential mortgage loans, consumer loans, and purchasing investment securities. The loan portfolio includes commercial loans, such as commercial and industrial, construction, and loans secured by commercial real estate and residential real estate, and retail loans, including home equity loans and lines, and consumer loans. It generates revenue from net interest income.

Executives

Jennifer L Mann	director	P. O. BOX 9005, QUAKERTOWN PA 18951
Randy S. Bimes	director	P.O. BOX 9005, QUAKERTOWN PA 18951-9005
Laurie Bergman	director	460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
Ranajoy Ray-chaudhuri	director	PO BOX 9005, QUAKERTOWN PA 18951-9005
Brown Kenneth F Jr	director	P.O. BOX 9005, QUAKERTOWN PA 18951
Dennis Helf	director	P.O. BOX 9005, QUAKERTOWN PA 18951
Thomas J Bisko	director, officer: President/CEO	P.O. BOX 9005, QUAKERTOWN PA 18951
Autumn R Bayles	director	QNB CORP, P.O. BOX 9005, QUAKERTOWN PA 18951
W Randall Stauffer	director	P.O. BOX 9005, QUAKERTOWN PA 18951
Scott R Stevenson	director	P.O. BOX 9005, QUAKERTOWN PA 18951
Covelens Courtney Lee	officer: EVP, Chief Retail Officer	PO BOX 9005, QUAKERTOWN PA 18951-9005
Christina S Mcdonald	officer: EVP, Marketing	523 KINGSTON ROAD, ORELAND PA 19075
Jeffrey Lehocky	officer: EVP, Chief Financial Officer	15 NORTH THIRD STREET, P.O. BOX 9005, QUAKERTOWN PA 18951-9005
Mary Elizabeth Liddle	officer: SVP Chief Acc Off, acting CFO	P.O. BOX 9005, QUAKERTOWN PA 18951-8005
David W. Freeman	officer: President/COO	P.O. BOX 9005, QUAKERTOWN PA 18951