Spirit of Texas Bancshares (Spirit of Texas Bancshares) Change In Working Capital : $-1.0 Mil (TTM As of Dec. 2021)

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What is Spirit of Texas Bancshares Change In Working Capital?

Spirit of Texas Bancshares's change in working capital for the quarter that ended in Dec. 2021 was $0.7 Mil.

Spirit of Texas Bancshares's change in working capital for the fiscal year that ended in Dec. 2021 was $-1.0 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).

Spirit of Texas Bancshares Change In Working Capital Historical Data

The historical data trend for Spirit of Texas Bancshares'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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Spirit of Texas Bancshares Change In Working Capital Chart

Spirit of Texas Bancshares Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Working Capital

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1.84

-2.63

-1.23

2.35

-0.98

Spirit of Texas Bancshares Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Change In Working Capital	Get a 7-Day Free Trial															3.98	-3.29	1.00	0.66	0.66

Spirit of Texas Bancshares Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.0 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.

Spirit of Texas Bancshares Change In Working Capital Related Terms

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Spirit of Texas Bancshares (Spirit of Texas Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Spirit of Texas Bancshares Inc (NAS:STXB) » Definitions » Change In Working Capital

Comparable Companies

MIL:BDB BEY:BYB XNEP:PCBL FLIC CCNE CARE XTUN:BT OSTO:TFBANK GCBC XNEP:NMB

Traded in Other Exchanges

N/A

Address

1836 Spirit of Texas Way, Conroe, TX, USA, 77301

Website

https://www.sotb.com

Spirit of Texas Bancshares Inc offers a broad range of commercial and retail banking services. The company offers business checking accounts, lending, treasury management, mortgages, personal financial security, and mobile and online banking services. Its only reportable segment being the business, community banking, provides a broad range of retail and commercial banking services.

Executives

David M Mcguire	director, officer: President	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
H. D. Patel	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Robert S Beall	director	1836 SPIRIT OF TEXAS WAY, CONROE TX 77301
Metcalf, Iii Leo T.	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Akash J. Patel	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Dean O. Bass	director, officer: Chairman & CEO	1836 SPIRIT OF TEXAS WAY, CONROE TX 77301
Thomas Jr. Jones	director	ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056
Steven Gregory Kidd	director, 10 percent owner	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Steven M Morris	director	801 CHERRY STREET SUITE 3700, UNIT 19 FORT WORTH TX 76102
Jerry D. Golemon	officer: Executive Vice President & COO	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Thomas C. Sooy	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
William K. Nix	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Jones Allen C Iv	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Nelda Luce Blair	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Allison Johnson	officer: CAO and Interim CFO	2407 PARK DRIVE, HARRISBURG PA 17110