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NOV (NOV) Change In Working Capital : $111 Mil (TTM As of Sep. 2024)


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What is NOV Change In Working Capital?

NOV's change in working capital for the quarter that ended in Sep. 2024 was $133 Mil.

NOV's change in working capital for the fiscal year that ended in Dec. 2023 was $-584 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).

NOV Change In Working Capital Historical Data

The historical data trend for NOV'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.

* Premium members only.

NOV Change In Working Capital Chart

NOV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.00 529.00 40.00 -759.00 -584.00

NOV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Change In Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -140.00 200.00 -311.00 89.00 133.00

NOV Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $111 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.

NOV Change In Working Capital Related Terms

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NOV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOV Inc (NYSE:NOV) » Definitions » Change In Working Capital
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Traded in Other Exchanges
0K58:UK NO8:Germany N1OV34:Brazil
Address
10353 Richmond Avenue, Houston, TX, USA, 77042-4103
Website
https://www.nov.com
NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing nearly two thirds of its annual revenue.
Executives
David D Harrison director 5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
Christy Lynn Novak officer: VP, Corp. Controller, CAO C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Joseph W Rovig officer: See Remarks 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Craig L. Weinstock officer: Sr. VP. & Gen. Counsel 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Eric L Mattson director C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Kirk M. Shelton officer: Pres. - Compl. and Prod. Sol. C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
Isaac H. Joseph officer: See Remarks C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
Greg L Armstrong director
Robert S. Welborn director C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Scott K. Duff officer: VP Cntrlr Chf Acctg Offcr 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Jose A Bayardo officer: Senior VP and CFO 11700 OLD KATY ROAD SUITE 300, HOUSTON TX 77079
Clay C Williams director, officer: Chairman, President and CEO
Melody B Meyer director 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL 60064
James T Hackett director C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Marcela E Donadio director 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565