AZREF (Azure Power Global) Change In Working Capital: $-8.2 Mil (TTM As of Mar. 2024)

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AZREF Azure Power Global Ltd AZREF
12 GF Score
Price $1.00
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What is Azure Power Global Change In Working Capital?

Azure Power Global AZREF 12 Change In Working Capital is $-8.2 Mil as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Azure Power Global's change in working capital for the quarter that ended in Mar. 2024 was $-8.2 Mil.

Azure Power Global's change in working capital for the fiscal year that ended in Mar. 2024 was $-8.2 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).

Azure Power Global Change In Working Capital Related Terms

Azure Power Global Change In Working Capital Historical Data

* Premium members only.

The historical data trend for Azure Power Global'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.

Azure Power Global Change In Working Capital Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Change In Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.52 -11.51 -19.10 11.61 -8.18

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Change In Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.52 -11.51 -19.10 11.61 -8.18
AZREF
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Azure Power Global Ltd AZREF
Change In Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global Change In Working Capital Calculation

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.2 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 EndedJanuary 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.

What does a Change In Working Capital of $-8.2 Mil mean?
Azure Power Global (AZREF) has a Change In Working Capital of $-8.2 Mil as of Mar. 2024. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for Azure Power Global.
Is Azure Power Global's Change In Working Capital too high?
Azure Power Global's current Change In Working Capital is $-8.2 Mil. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Change In Working Capital compare to SAFX and VGAS?
Azure Power Global's Change In Working Capital of $-8.2 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Working Capital for an Utilities - Independent Power Producers company?
A good Change In Working Capital depends on the Utilities - Independent Power Producers industry context. However, Change In Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Working Capital mean?
A high Change In Working Capital can signal that a stock is expensive relative to its fundamentals. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for Azure Power Global. Azure Power Global's current Change In Working Capital is $-8.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Change In Working Capital of $-8.2 Mil. The current Change In Working Capital is $-8.2 Mil. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Working Capital calculated?
Change In Working Capital is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Change In Working Capital is $-8.2 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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Change In Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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