Customers Bancorp (Customers Bancorp) Change In Working Capital : $42.3 Mil (TTM As of Dec. 2023)

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What is Customers Bancorp Change In Working Capital?

Customers Bancorp's change in working capital for the quarter that ended in Dec. 2023 was $8.0 Mil.

Customers Bancorp's change in working capital for the fiscal year that ended in Dec. 2023 was $42.3 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).

Customers Bancorp Change In Working Capital Historical Data

The historical data trend for Customers Bancorp'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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Customers Bancorp Change In Working Capital Chart

Customers Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-90.68

-57.71

149.64

-24.59

42.26

Customers Bancorp 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															-57.55	17.13	-49.49	66.61	8.01

Customers Bancorp 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 $42.3 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.

Customers Bancorp Change In Working Capital Related Terms

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Customers Bancorp (Customers Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Customers Bancorp Inc (NYSE:CUBI) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

CUBIpF.PFD:USA CUBIpE.PFD:USA

Address

701 Reading Avenue, West Reading, PA, USA, 19611

Website

https://www.customersbank.com

Customers Bancorp Inc is a bank holding company engaged in banking activities. It provides financial products and services to small and middle-market businesses, not-for-profits, and consumers. The company operates in Lending Activities, Commercial Lending, Consumer Lending, Private Banking, Deposit Products, Other Funding Sources, and Financial Products and Services. The majority of revenue is derived from commercial lending.

Executives

Robert Neil Mackay	director	701 READING AVENUE, WEST READING PA 19611
Glenn Hedde	officer: Pres Mortgage WarehouseLending	1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
Jay S Sidhu	director, officer: Chairman & CEO	4655 SALISBURY ROAD, SUITE 110, JACKSONVILLE FL 32256
Velasquez Jessie John Deano	officer: Chief Accounting Officer	1015 PENN AVENUE, WYOMISSING PA 19610
Philip Watkins	officer: CFO Customers Bank	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Carla A Leibold	officer: Principal Accounting Officer	C/O 1999 K STREET, N.W., 4TH FLOOR, WASHINGTON DC 20006
Andrew Hertz Bowman	officer: EVP and Chief Credit Officer	701 READING AVENUE, WEST READING PA 19611
Samvir S. Sidhu	officer: Head of Corporate Development	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Rajeev V Date	director	3465 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Lyle Cunningham	officer: Director/Chief Lending Officer	701 READING AVENUE, WEST READING PA 19611
Bernard Bennett Banks	director	701 READING AVENUE, WEST READING PA 19611
Steven Issa	officer: Exec VP/Chief Lending Officer	16 LILAC STREET, CUMBERLAND RI 02864
T Lawrence Way	director	1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
Richard A Ehst	officer: President & COO	1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
James T. Collins	officer: Chief Administrative Officer	4520 LONGFELLOW COURT, DOYLESTOWN PA 18902