Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nongfu Spring Co's change in working capital for the quarter that ended in Dec. 2025 was $87 Mil.
Nongfu Spring Co's change in working capital for the fiscal year that ended in Dec. 2025 was $244 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).
Nongfu Spring Co Change In Working Capital Related Terms
Nongfu Spring Co Change In Working Capital Historical Data
* Premium members only.
The historical data trend for Nongfu Spring Co'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.
Nongfu Spring Co Change In Working Capital Calculation
Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $241 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.
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 $241 Mil mean?
Nongfu Spring Co (NNFSF) has a Change In Working Capital of $241 Mil as of Dec. 2025. 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 Nongfu Spring Co.
Is Nongfu Spring Co's Change In Working Capital too high?
Nongfu Spring Co's current Change In Working Capital is $241 Mil. Overall, Nongfu Spring Co has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nongfu Spring Co's Change In Working Capital compare to KO and PEP?
Nongfu Spring Co's Change In Working Capital of $241 Mil can be compared against companies in the Beverages - Non-Alcoholic 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 a Beverages - Non-Alcoholic company?
A good Change In Working Capital depends on the Beverages - Non-Alcoholic 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 Nongfu Spring Co. Nongfu Spring Co's current Change In Working Capital is $241 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nongfu Spring Co stock overvalued right now?
Based on GuruFocus' analysis, Nongfu Spring Co (NNFSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $8.53, compared to a current price of $5.44 — trading 36.2% below its estimated fair value. The current Change In Working Capital is $241 Mil. Nongfu Spring Co's overall GF Score™ is 87/100 with 2 warning signs to review. 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 Nongfu Spring Co (NNFSF), the current Change In Working Capital is $241 Mil as of Dec. 2025. 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.
Is Nongfu Spring Co (NNFSF) Overvalued in 2026?
Based on GuruFocus' analysis, Nongfu Spring Co stock appears to be undervalued.
The current stock price of $5.44 is trading 36.2% below its estimated GF Value™ of $8.53.
GuruFocus considers Nongfu Spring Co to be Significantly Undervalued.
Key valuation signals for NNFSF:
Change In Working Capital: $241 Mil
GF Value™: $8.53 vs. price of $5.44 (36.2% below fair value)
No single metric tells the full story. See the NNFSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1996, Nongfu Spring is a leading beverage producer with products primarily in the packaged water, ready-to-drink tea, juice, coffee, and functional beverages sectors in China. It holds the number-one share in the bottled water market; this segment contributed approximately 40% of the firm's revenue and EBIT in 2024.
87GF Score
Get the complete analysis for NNFSF
Change In Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NNFSF has been successfully added to your 
