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SPIE's change in working capital for the quarter that ended in Jun. 2026 was $-201 Mil.
SPIE's change in working capital for the fiscal year that ended in Dec. 2025 was $15 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).
The historical data trend for SPIE'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.
Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $134 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 $134 Mil mean?
SPIE (SPIIY) has a Change In Working Capital of $134 Mil as of Jun. 2026. 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 SPIE.
Is SPIE's Change In Working Capital too high?
SPIE's current Change In Working Capital is $134 Mil. Overall, SPIE has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPIE's Change In Working Capital compare to PWR and FIX?
SPIE's Change In Working Capital of $134 Mil can be compared against companies in the Construction 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 Construction company?
A good Change In Working Capital depends on the Construction 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 SPIE. SPIE's current Change In Working Capital is $134 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPIE stock overvalued right now?
Based on GuruFocus' analysis, SPIE (SPIIY) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.13, compared to a current price of $13.48 — trading 11.1% above its estimated fair value. The current Change In Working Capital is $134 Mil. SPIE's overall GF Score™ is 67/100 with 4 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 SPIE (SPIIY), the current Change In Working Capital is $134 Mil as of Jun. 2026. 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 SPIE (SPIIY) Overvalued in 2026?
Based on GuruFocus' analysis, SPIE stock appears to be overvalued.
The current stock price of $13.48 is trading 11.1% above its estimated GF Value™ of $12.13.
GuruFocus considers SPIE to be Modestly Overvalued.
Key valuation signals for SPIIY:
Change In Working Capital: $134 Mil
GF Value™: $12.13 vs. price of $13.48 (11.1% above fair value)
No single metric tells the full story. See the SPIIY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPIE SA is a European provider of multi-technical services in electrical, mechanical, and HVAC engineering and communication systems as well as specialized energy-related services. It helps its customers design, build, operate and maintain facilities that are energy-efficient and environmentally friendly. The group structures its activities around operating segments: France, North-Western Europe, Germany, Central Europe, and Global Services Energy. The majority of its revenue is derived from the Germany segment. It has a geographic presence in Europe, Africa, North, America, Asia-Pacific and Middle East.
67GF Score
Get the complete analysis for SPIIY
Change In Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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