POFCF (Petrofac) Change In Working Capital: $471 Mil (TTM As of Jun. 2024)

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POFCF Petrofac Ltd POFCF
12 GF Score
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What is Petrofac Change In Working Capital?

Petrofac POFCF -95.67% 12 Change In Working Capital is $471 Mil as of Jun. 2024. GuruFocus rates POFCF with a GF Score™ of 12/100.

Petrofac's change in working capital for the quarter that ended in Jun. 2024 was $127 Mil.

Petrofac's change in working capital for the fiscal year that ended in Dec. 2023 was $257 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).

Petrofac Change In Working Capital Related Terms

Petrofac Change In Working Capital Historical Data

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The historical data trend for Petrofac'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.

Petrofac Change In Working Capital Chart

Petrofac 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 -178.00 -160.00 -88.00 159.00 257.00

Petrofac Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -114.00 273.00 -87.00 344.00 127.00
POFCF
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Petrofac Ltd POFCF
Change In Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Petrofac Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $471 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 $471 Mil mean?
Petrofac (POFCF) has a Change In Working Capital of $471 Mil as of Jun. 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 Petrofac.
Is Petrofac's Change In Working Capital too high?
Petrofac's current Change In Working Capital is $471 Mil. Overall, Petrofac has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Petrofac's Change In Working Capital compare to SLB and BKR?
Petrofac's Change In Working Capital of $471 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Change In Working Capital depends on the Oil & Gas 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 Petrofac. Petrofac's current Change In Working Capital is $471 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petrofac stock overvalued right now?
Petrofac (POFCF) has a current Change In Working Capital of $471 Mil. The current Change In Working Capital is $471 Mil. Petrofac'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 Petrofac (POFCF), the current Change In Working Capital is $471 Mil as of Jun. 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.

Petrofac Business Description

Industry EnergyOil & Gas
Address 26 New Street, St Helier, JEY, JE2 3RA
Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates, and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated Energy Services. It derives the majority of its revenue from the Asset Solutions segment which mainly includes reimbursable engineering and production services activities to the oil and gas industry. Geographically, the company derives maximum revenue from the United Kingdom and the rest from Algeria, Lithuania, Malaysia, the United States of America, Oman, and various other countries.
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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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