SPPP (Sprott Physical Platinum & Palladium Tr) Change In Working Capital: $-57.95 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SPPP Sprott Physical Platinum & Palladium Tr SPPP
28 GF Score
Price $15.07
! 6 Warning Signs
View Full Analysis

What is Sprott Physical Platinum & Palladium Tr Change In Working Capital?

Sprott Physical Platinum & Palladium Tr SPPP -0.63% 28 Change In Working Capital is $-57.95 Mil as of Jun. 2026. GuruFocus rates SPPP with a GF Score™ of 28/100. The stock has 6 warning signs investors should review.

Sprott Physical Platinum & Palladium Tr's change in working capital for the quarter that ended in Jun. 2026 was $0.29 Mil.

Sprott Physical Platinum & Palladium Tr's change in working capital for the fiscal year that ended in Dec. 2025 was $8.49 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).

Sprott Physical Platinum & Palladium Tr Change In Working Capital Related Terms

Sprott Physical Platinum & Palladium Tr Change In Working Capital Historical Data

* Premium members only.

The historical data trend for Sprott Physical Platinum & Palladium Tr'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.

Sprott Physical Platinum & Palladium Tr Change In Working Capital Chart

Sprott Physical Platinum & Palladium Tr Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 -0.51 0.15 0.11 8.49

Sprott Physical Platinum & Palladium Tr Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 59.05 -34.00 -15.71 -8.52 0.29
SPPP
28GF Score
Sprott Physical Platinum & Palladium Tr SPPP
Change In Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sprott Physical Platinum & Palladium Tr Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-57.95 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 $-57.95 Mil mean?
Sprott Physical Platinum & Palladium Tr (SPPP) has a Change In Working Capital of $-57.95 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 Sprott Physical Platinum & Palladium Tr.
Is Sprott Physical Platinum & Palladium Tr's Change In Working Capital too high?
Sprott Physical Platinum & Palladium Tr's current Change In Working Capital is $-57.95 Mil. Overall, Sprott Physical Platinum & Palladium Tr has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Platinum & Palladium Tr's Change In Working Capital compare to BLK and BX?
Sprott Physical Platinum & Palladium Tr's Change In Working Capital of $-57.95 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Change In Working Capital depends on the Asset Management 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 Sprott Physical Platinum & Palladium Tr. Sprott Physical Platinum & Palladium Tr's current Change In Working Capital is $-57.95 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Platinum & Palladium Tr stock overvalued right now?
Sprott Physical Platinum & Palladium Tr (SPPP) has a current Change In Working Capital of $-57.95 Mil. The current Change In Working Capital is $-57.95 Mil. Sprott Physical Platinum & Palladium Tr's overall GF Score™ is 28/100 with 6 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 Sprott Physical Platinum & Palladium Tr (SPPP), the current Change In Working Capital is $-57.95 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.

Sprott Physical Platinum & Palladium Tr Business Description

Other Exchanges SPPP.U:CanadaSPPP:Canada
Address 200 Bay Street, Suite 2600, South Tower, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1
Sprott Physical Platinum & Palladium Tr invests and holds all of its assets in physical platinum and palladium bullion. The company seeks to provide a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical platinum and palladium bullion without the inconvenience that is typical of a direct investment in physical bullion. The Trust invests mainly in long-term holdings of unencumbered, fully allocated, physical platinum and palladium bullion.
28GF Score

Get the complete analysis for SPPP

Change In Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.07
Price