Federated Hermes (Federated Hermes) Change In Working Capital : $-23 Mil (TTM As of Mar. 2024)

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What is Federated Hermes Change In Working Capital?

Federated Hermes's change in working capital for the quarter that ended in Mar. 2024 was $-80 Mil.

Federated Hermes's change in working capital for the fiscal year that ended in Dec. 2023 was $-12 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).

Federated Hermes Change In Working Capital Historical Data

The historical data trend for Federated Hermes'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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Federated Hermes Change In Working Capital Chart

Federated Hermes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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23.85

-12.29

-11.83

4.06

-12.14

Federated Hermes 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															-68.60	-6.79	29.76	33.50	-79.58

Federated Hermes 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 $-23 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.

Federated Hermes Change In Working Capital Related Terms

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Federated Hermes (Federated Hermes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (NYSE:FHI) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

3KC:Germany

Address

1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779

Website

https://www.federatedhermes.com

Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).

Executives

Saker Anwar Nusseibeh	officer: CEO, Hermes Fund Managers Ltd.	HERMES INVESTMENT MANAGEMENT, 150 CHEAPSIDE, 6TH FLOOR, LONDON X0 EC2V6ET
John B Fisher	director, officer: Pres Inst Sales Div. FSC	1001 LIBERTY AVENUE, FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779
Dolores D Dudiak	officer: Vice President	1001 LIBERTY AVENUE, 19TH FLOOR, PITTSBURGH PA 15222
Gordon J Ceresino	officer: Exec. Director, Int'l Dist.	FEDERATED MDT ADVISER, 125 HIGH STREET, OLIVER STREET TOWER, 21ST FLOOR, BOSTON MA 02110
Richard A Novak	officer: Principal Accounting Officer	FEDERATED INVESTORS INC., FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779
Paul A Uhlman	officer: Vice President	1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Peter J Germain	officer: EVP, Chief Legal Officer & GC	C/O FEDERATED INVESTORS, 1001 LIBERTY AVE, PITTSBURGH PA 15222
Meter Stephen Van	officer: VP, Chief Compliance Officer	FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
J Christopher Donahue	director, officer: President and CEO	5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Michael J Farrell	director	1001 LIBERTY AVENUE, FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779
Thomas R Donahue	director, officer: VP, CFO, Treasurer	5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Marie Milie Jones	director	FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Eugene F Maloney	director, officer: Vice President	FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Joseph C Bartolacci	director
Thomas E Territ	officer: Vice President	FEDERATED INVESTORS, INC., FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779