Profire Energy (Profire Energy) Change In Working Capital : $-8.15 Mil (TTM As of Mar. 2024)

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What is Profire Energy Change In Working Capital?

Profire Energy's change in working capital for the quarter that ended in Mar. 2024 was $-4.61 Mil.

Profire Energy's change in working capital for the fiscal year that ended in Dec. 2023 was $-6.09 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).

Profire Energy Change In Working Capital Historical Data

The historical data trend for Profire Energy'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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Profire Energy Change In Working Capital Chart

Profire Energy Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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3.63

0.94

0.05

-5.11

-6.09

Profire Energy 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															-2.54	-2.40	-1.75	0.60	-4.61

Profire Energy Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.15 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.

Profire Energy Change In Working Capital Related Terms

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Profire Energy (Profire Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Profire Energy Inc (NAS:PFIE) » Definitions » Change In Working Capital

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PFR:Germany

Address

321 South 1250 West, Suite 1, Lindon, UT, USA, 84042

Website

https://www.profireenergy.com

Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.

Executives

Harold Albert	10 percent owner, officer: Chief Operating Officer	BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Bell Colleen Larkin	director	333 S STATE STREET, SALT LAKE CITY UT 84145-0433
Patrick David Fisher	officer: VP of Product Development	321 SOUTH 1250 WEST, LINDON UT 84042
Brenton W Hatch	10 percent owner, officer: Chief Executive Officer	BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Cameron M. Tidball	officer: CBDO	321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Jay Grant Fugal	officer: VP of Operations	321 SOUTH 1250 WEST, SUITE 1, LINDON UT 84042
Daren Shaw	director	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ronald R Spoehel	director	12015 LEE JACKSON HIGHWAY, FAIRFAX VA 22033
Ryan W Oviatt	officer: Chief Financial Officer	321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Stephen E Pirnat	director	4728 EAST 98TH STREET, TULSA OK 74137
Crouch Arlen	director	2566 BARCELONA DRIVE, SANDY UT 84093
Andrew Limpert	director, 10 percent owner, officer: Interim CEO & CFO	1245 BRICKYARD ROAD, SUITE 590, SALT LAKE CITY UT 84106
Mike Carroll	director, 10 percent owner, officer: CEO, CFO & President	408 BREWSTER LANE, SAINT SIMONS ISLAND GA 21522
Joel Arline	director	1606 REYNOLDS STREET, BRUNSWICK GA 31520