OPA.U (Magnum Opus Acquisition) Change In Working Capital : $3.44 Mil (TTM As of Mar. 2023)

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What is Magnum Opus Acquisition Change In Working Capital?

Magnum Opus Acquisition's change in working capital for the quarter that ended in Mar. 2023 was $0.58 Mil.

Magnum Opus Acquisition's change in working capital for the fiscal year that ended in Dec. 2022 was $3.88 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).

Magnum Opus Acquisition Change In Working Capital Historical Data

The historical data trend for Magnum Opus Acquisition'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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Magnum Opus Acquisition Change In Working Capital Chart

Magnum Opus Acquisition Annual Data

Trend

Dec21

Dec22

Change In Working Capital

3.88

Magnum Opus Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Working Capital	Get a 7-Day Free Trial				1.02	0.90	1.28	0.68	0.58

Magnum Opus Acquisition 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 $3.44 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.

Magnum Opus Acquisition Change In Working Capital Related Terms

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Magnum Opus Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Magnum Opus Acquisition Ltd (NYSE:OPA.U) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

IBC Tower Three Garden Road, Unit 1009, Central, HKG

Website

Magnum Opus Acquisition Ltd is a blank check company.

Executives

Magnum Opus Sponsors Llc	10 percent owner	UNIT 1009, ICBC TOWER, 3 GARDEN ROAD, HONG KONG K3 00000
Hsieh Wing Hong Sammy	director	15/F， PROSPERITY MILLENNIA PLAZA, 663 KING?S ROAD, QUARRY BAY, HONG KONG K3 00000
Magnum Opus Holdings Llc	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Xing Ling Liu	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Dickson Cheng	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Alexandre Casin	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lin Hou Pu Jonathan	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Frank Han	officer: President	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lee Kevin Ka Man	director, officer: Chief Financial Officer	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000