Electrameccanica Vehicles (Electrameccanica Vehicles) Change In Working Capital : $-21.49 Mil (TTM As of Dec. 2023)

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What is Electrameccanica Vehicles Change In Working Capital?

Electrameccanica Vehicles's change in working capital for the quarter that ended in Dec. 2023 was $1.10 Mil.

Electrameccanica Vehicles's change in working capital for the fiscal year that ended in Dec. 2023 was $-21.49 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).

Electrameccanica Vehicles Change In Working Capital Historical Data

The historical data trend for Electrameccanica Vehicles'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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Electrameccanica Vehicles Change In Working Capital Chart

Electrameccanica Vehicles Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-1.90

0.91

-13.25

-17.38

-21.49

Electrameccanica Vehicles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Working Capital	Get a 7-Day Free Trial															0.65	-10.69	-12.47	0.57	1.10

Electrameccanica Vehicles Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-21.49 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.

Electrameccanica Vehicles Change In Working Capital Related Terms

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Electrameccanica Vehicles (Electrameccanica Vehicles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electrameccanica Vehicles Corp Ltd (NAS:SOLO) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

8057 North Fraser Way, Burnaby, BC, CAN, V5J 5M8

Website

https://www.electrameccanica.com

Electrameccanica Vehicles Corp Ltd is a development-stage electric vehicle or EV, designer and manufacturer company. The company's product line targets urban commuters, commercial fleets/deliveries and shared mobility seeking to commute in an efficient, cost-effective and environmentally friendly manner. The company's first flagship EV is the SOLO, a single-seat vehicle, of which it has built 64 prototype vehicles in-house and 60 pre-production vehicles with its manufacturing partner, Zongshen. The company's reportable business segments include Electric Vehicles which is the development and manufacture of electric vehicles for mass markets, and Custom built vehicles which is the development and manufacture of high-end custom-built vehicles.

Executives

Jerry Kroll	director	2108-808 NELSON ST, VANCOUVER BC A1 V6Z 2H2
Stephen Eric Johnston	officer: Chief Financial Officer	4950 SUSANS WAY, BLOOMFIELD HILLS MI 48302
Luisa Ingargiola	director	4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Steven Andrew Sanders	director	431 EAST 20TH STREET, NEW YORK NY 10010
Yan Fang Qiong Joanne	director	504 - 1355 BELLEVUE AVE, WEST VANCOUVER A1 V7T 0B4
David John Shemmans	director	NUTSHELL, FIR TREE LANE, WEST CHILTINGTON, WEST SUSSEX X0 RH20 2RA
G Michael Bridge	officer: General Counsel & Corp. Sec.	14400 N 87TH ST, SCOTTSDALE AZ 85260
Quigley William G Iii	director
Susan E Docherty	director, officer: CEO and COO	THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226
Kim A. Brink	officer: Chief Revenue Officer	C/O 505 NORTH HIGHWAY 169, SUITE 1000, PLYMOUTH MN 55441
Michael Paul Richardson	director	13715 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Dietmar Ostermann	director	5400 LEGACY DR, H3 3E 35, PLANO TX 75024
Mark Orsmond	officer: Chief Financial Officer	992 HAMPSHIRE RD, NORTH VANCOUVER A1 V7R1V2