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Summit Financial Group's change in working capital for the quarter that ended in Dec. 2023 was $0.7 Mil.
Summit Financial Group's change in working capital for the fiscal year that ended in Dec. 2023 was $3.5 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).
The historical data trend for Summit Financial Group'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.
Summit Financial Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Working Capital | Get a 7-Day Free Trial | 5.31 | 0.06 | 1.97 | -1.59 | 3.53 |
Summit Financial Group 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 | 0.28 | -2.15 | 4.75 | 0.65 | - |
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 $3.5 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.
* 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.
Thank you for viewing the detailed overview of Summit Financial Group's Change In Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Gary L Hinkle | director | PO BOX 65, CIRCLEVILLE WV 26804 |
Jill S Upson | director | 336 PEBBLE BEACH DRIVE, CHARLES TOWN WV 25414 |
Scott C Jennings | director, officer: Senior VP/ COO | PO BOX 438, MOOREFIELD WV 26836 |
Oscar M Bean | director | PO BOX 179, MOOREFIELD WV 26836 |
Joseph Hager | officer: EVP & Chief Risk Officer | 221 HAYES AVENUE, CHARLESTON WV 25314 |
Patricia L Owens | officer: Ex. VP & Chief Banking Officer | 9328 EAGEL CT, MANASSAS PARK VA 20111 |
Danyl R Freeman | officer: EVP & Chief Human Resources Of | 388 VALLEY VIEW ROAD, MOOREFIELD WV 26836 |
Angela R Zirk | officer: EVP & Chief Experience Officer | PO BOX 23, OLD FIELDS WV 26845 |
Lauren N. Kimlel | officer: EVP & Chief Banking Officer | 22453 INDIAN POINT ROAD, BOZMAN MD 21612 |
David Wilson | director | POST OFFICE BOX 2707, EASTON MD 21601 |
John H Shott | director | PO BOX 407, BLUEFIELD WV 24701 |
Jason A Kitzmiller | director | 8070 LUNICE CREEK, MAYSVILLE WV 26833 |
Charles Pieirillo | director | PO BOX 38, MADISON WV 25130 |
James M Cookman | director | PO BOX 179, MOOREFIELD WV 26836 |
Georgette R. George | director | PO BOX 8523, CHARLESTON WV 25303 |
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