Sohar International Bank (MUS:BKSB) Change In Working Capital : ر.ع575.7 Mil (TTM As of Mar. 2024)

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What is Sohar International Bank Change In Working Capital?

Sohar International Bank's change in working capital for the quarter that ended in Mar. 2024 was ر.ع178.9 Mil.

Sohar International Bank's change in working capital for the fiscal year that ended in Dec. 2023 was ر.ع748.9 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).

Sohar International Bank Change In Working Capital Historical Data

The historical data trend for Sohar International Bank'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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Sohar International Bank Change In Working Capital Chart

Sohar International Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-176.18

-10.08

366.69

-194.73

748.89

Sohar International Bank 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															352.10	-194.45	-35.79	627.03	178.89

Sohar International Bank 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 ر.ع575.7 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.

Sohar International Bank Change In Working Capital Related Terms

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Sohar International Bank (MUS:BKSB) Business Description

Industry

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Traded in Other Exchanges

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Address

Hai Al Mina, P.O. Box 44, Muscat, OMN, 114

Website

https://www.soharinternational.com

Sohar International Bank is engaged in commercial, investment, and Islamic banking through a network of commercial and Islamic banking branches within the Sultanate of Oman. The bank has four operating segments; Retail banking Includes loans to and deposits from retail customers, credit card, and fund transfer facilities, Wholesale banking includes loans to and deposits from large and mid-sector corporates, small & medium enterprises and trade finance customers, Investments, and Treasury, The head office includes the balance sheet, income and expense related items, and Islamic banking Includes Islamic financing activities, current accounts, unrestricted investment accounts and other products and services to corporate and individual customers under Shari'a principles.