Tessco Technologies (Tessco Technologies) Change In Working Capital : $-12.6 Mil (TTM As of Mar. 2023)

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What is Tessco Technologies Change In Working Capital?

Tessco Technologies's change in working capital for the quarter that ended in Mar. 2023 was $0.2 Mil.

Tessco Technologies's change in working capital for the fiscal year that ended in Mar. 2023 was $-12.6 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).

Tessco Technologies Change In Working Capital Historical Data

The historical data trend for Tessco Technologies'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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Tessco Technologies Change In Working Capital Chart

Tessco Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Working Capital

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-2.83

8.58

3.09

-3.74

-12.57

Tessco Technologies Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Working Capital	Get a 7-Day Free Trial															-2.52	-1.69	-6.95	-4.11	0.19

Tessco Technologies Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.6 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.

Tessco Technologies Change In Working Capital Related Terms

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Tessco Technologies (Tessco Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tessco Technologies Inc (NAS:TESS) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

11126 McCormick Road, Hunt Valley, MD, USA, 21031

Website

https://www.tessco.com

Tessco Technologies Inc is a United States-based value-added technology distributor, manufacturer, and solutions provider. The company supplies wireless communications products for network infrastructure, site support, and fixed and mobile broadband networks. It offers products related to power systems, Wi-Fi Networks, Broadband, DAS((Distributed Antenna Systems) for In-Building Cellular and Public Safety Coverage, IoT (Internet of Things), Mobile Devices and Accessories, and others. The operating segments of the company are Carrier and Commercial, of which the majority of the revenue is derived from the Commercial segment.

Executives

Barnhill Robert B Jr	10 percent owner	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Thad Lowe	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Tammy Ridgley	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Michael Brodsky	other: See Explanation of Responses	C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201
Matthew W Brewer	other: See Explanation of Responses	C/O BARTLIT BECK LLP, 54 WEST HUBBARD #3B, CHICAGO IL 60654
Kenneth J Spangler	other: See Explanation of Responses	90 FEDEX PARKWAY, 2ND FLOOR VERTICAL, COLLIERVILLE TN 38017
Joseph H Quaglia	other: See Explanation of Responses	5350 TECH DATA DRIVE, CLEARWATER FL 33760
J Timothy Bryan	director	11700 PLAZA AMERICA DRIVE, SUITE 1010, RESTON VA 20190
Lakeview Investment Group & Trading Co Llc	10 percent owner	444 WEST LAKE STREET, SUITE 1900, CHICAGO IL 60606
Steven T Campbell	director	8410 W. BRYN MAWR, CHICAGO IL 60631
Vernon Irvin	director	C/O EVERBRIDGE, INC., 25 CORPORATE DRIVE, BURLINGTON MA 02108
Paul J Gaffney	director	N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051
Kathleen Mclean	director	C/O FAIRPOINT COMMUNICATIONS, INC., 521 E. MOREHEAD STREET, SUITE 500, CHARLOTTE NC 28202
Joseph Cawley	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Abl Manager Llc	10 percent owner	444 W. LAKE #1900, CHICAGO IL 60606