AmeriServ Financial (AmeriServ Financial) Change In Working Capital : $1.13 Mil (TTM As of Mar. 2024)

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What is AmeriServ Financial Change In Working Capital?

AmeriServ Financial's change in working capital for the quarter that ended in Mar. 2024 was $-1.27 Mil.

AmeriServ Financial's change in working capital for the fiscal year that ended in Dec. 2023 was $2.27 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).

AmeriServ Financial Change In Working Capital Historical Data

The historical data trend for AmeriServ Financial'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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AmeriServ Financial Change In Working Capital Chart

AmeriServ Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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0.52

-2.23

0.50

-0.86

2.27

AmeriServ Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Working Capital	Get a 7-Day Free Trial															-0.12	1.34	-0.04	1.10	-1.27

AmeriServ Financial Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.13 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.

AmeriServ Financial Change In Working Capital Related Terms

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AmeriServ Financial (AmeriServ Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » AmeriServ Financial Inc (NAS:ASRV) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Main and Franklin Streets, P.O. Box 430, Johnstown, PA, USA, 15907-0430

Website

https://www.ameriserv.com

AmeriServ Financial Inc is a bank holding company. The company and its subsidiaries derive substantially all of their income from banking, bank-related services, and trust-related services. Its operating segment includes community banking; wealth management and investment/parent. The company generates maximum revenue from the community banking segment. The community banking segment includes both retail and commercial banking activities. Retail banking includes the deposit-gathering branch franchise and lending to both individuals and small businesses. Lending activities include residential mortgage loans, direct consumer loans, and small business commercial loans. Commercial banking to businesses includes commercial loans, business services, and CRE loans.

Executives

Jeffrey A Stopko	officer: Senior Vice President and CFO
Richard W. Bloomingdale	director	C/O AMERISERV FINANCIAL, INC., 216 FRANKLIN STREET, JOHNSTOWN PA 15901
Kim W Kunkle	director
David J. Hickton	director	C/O AMERISERV FINANCIAL, INC., 216 FRANKLIN STREET, JOHNSTOWN PA 15901
James T Huerth	officer: EVP, Commercial Banking	102 S MAIN STREET, CULPEPER VA 22701
Amy Bradley	director	MAIN & FRANKLIN STREETS, P. O. BOX 430, JOHNSTOWN PA 15907
O Malley Margaret A	director
Daniel A. Onorato	director	MAIN & FRANKLIN STREETS, P.O. BOX 430, JOHNSTOWN PA 15907
Robert L Wise	director
Craig G Ford	director, officer: Chairman, President & CEO
Thomas C Slater	director
Young Gregor T Iv	officer: President & CEO of Trust Co.	C/O S&T BANCORP INC, P O BOX 190, INDIANA PA 15701
Duke Bruce E Iii	director
Michael D Lynch	officer: Interim SVP & CFO	216 FRANKLIN STREET, JOHNSTOWN PA 15901
Michael R. Baylor	officer: EVP & Regional President	216 FRANKLIN STREET, JOHNSTOWN PA 15901