Route 109 Resources (TSXV:RTE) Change In Working Capital : C$0.25 Mil (TTM As of May. 2024)

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What is Route 109 Resources Change In Working Capital?

Route 109 Resources's change in working capital for the quarter that ended in May. 2024 was C$0.09 Mil.

Route 109 Resources's change in working capital for the fiscal year that ended in Aug. 2023 was C$-0.07 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).

Route 109 Resources Change In Working Capital Historical Data

The historical data trend for Route 109 Resources'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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Route 109 Resources Change In Working Capital Chart

Route 109 Resources Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Working Capital

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0.01

0.23

-0.11

0.30

-0.07

Route 109 Resources Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Change In Working Capital	Get a 7-Day Free Trial															0.01	-0.01	0.13	0.03	0.09

Route 109 Resources Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.25 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.

Route 109 Resources Change In Working Capital Related Terms

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Route 109 Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Route 109 Resources Inc (TSXV:RTE) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

8M0:Germany

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.route109resources.com

Route 109 Resources Inc is a Canadian exploration company with two historical high-grade assets in Quebec. Currently, it is Exploring for Copper and Gold in Quebec. The Dunlop Bay property has 76 contiguous mineral claims that cover 4,226 hectares, and the King Tut property has 120 contiguous mineral claims that cover 5,206 hectares.

Executives

Robert Marc Bustin

Director

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