Heritage Commerce (Heritage Commerce) Change In Working Capital

: $8.5 Mil (TTM As of Dec. 2023)

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Heritage Commerce's change in working capital for the quarter that ended in Dec. 2023 was $-16.8 Mil.

Heritage Commerce's change in working capital for the fiscal year that ended in Dec. 2023 was $8.5 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).

Heritage Commerce Change In Working Capital Historical Data

The historical data trend for Heritage Commerce'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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Heritage Commerce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

1.92

1.46

5.04

-1.10

8.48

Heritage Commerce 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																6.46	11.66	14.72	-1.13	-16.77

Heritage Commerce 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 $8.5 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.

Heritage Commerce Change In Working Capital Related Terms

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Heritage Commerce (Heritage Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage Commerce Corp (NAS:HTBK) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

XHC:Germany

Address

224 Airport Parkway, San Jose, CA, USA, 95110

Website

https://www.heritagecommercecorp.com

Heritage Commerce Corp operates as a bank holding company. The company, through its subsidiary, offers commercial banking services to small and medium-sized businesses and their owners, managers, and employees. It operates through two segments, namely Banking and Factoring. The bank generates its revenue from the Banking segment.

Executives

Susan Svensson Just	officer: EVP/Chief Credit Officer	224 AIRPORT PARKWAY, SAN JOSE CA 95110
Jack W Conner	director	HERITAGE COMMERCE CORP, 150 ALMADEN BLVD., SAN JOSE CA 95113
Jason Philip Dinapoli	director	1875 CENTURY PARK EAST, SUITE 1400, LOS ANGELES CA 90067
Robert Moles	director	HERITAGE COMMERCE CORP, 150 ALMADEN BLVD., SAN JOSE CA 95113
Kamran F Husain	director	3005 TASMAN DRIVE, SANTA CLARA CA 95054
Stephen G. Heitel	director	150 ALMADEN BOULEVARD, SAN JOSE CA 95113
Lawrence D Mcgovern	officer: Chief Financial Officer	C/O HERITAGE COMMERCE CORP, 150 ALMADEN BLVD, SAN JOSE CA 95113
Walter Theodore Kaczmarek	director, officer: CEO and President	HERITAGE COMMERCE CORP, 150 ALMADEN BLVD., SAN JOSE CA 95113
Peng Coonley Janice Yuli	officer: EVP/Chief People and Diversity	224 AIRPORT BLVD, SAN JOSE CA 92692
Deborah Reuter	officer: EVP/CRO/Corporate Secretary	224 AIRPORT PARKWAY, SAN JOSE CA 95110
Michael Eugene Benito	officer: EVP/Business Banking Division	150 ALMADNE BLVD., SAN JOSE CA 95113
Keith Wilton	officer: EVP/COO	150 ALMADEN BLVD., SAN JOSE CA 95113
Steven L. Hallgrimson	director	150 ALMADEN BLVD., SAN JOSE CA 95113
Jones Robertson Clay Jr	officer: EVP	150 ALMADEN BOULEVARD, SAN JOSE CA 95113
Bruce H Cabral	director	150 ALMADEN BOULEVARD, SAN JOSE CA 95113