ZhongAn Online P&C Insurance Co (HKSE:06060) Change In Working Capital : HK$2,134 Mil (TTM As of Dec. 2023)

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What is ZhongAn Online P&C Insurance Co Change In Working Capital?

ZhongAn Online P&C Insurance Co's change in working capital for the quarter that ended in Dec. 2023 was HK$522 Mil.

ZhongAn Online P&C Insurance Co's change in working capital for the fiscal year that ended in Dec. 2023 was HK$2,134 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).

ZhongAn Online P&C Insurance Co Change In Working Capital Historical Data

The historical data trend for ZhongAn Online P&C Insurance Co'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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ZhongAn Online P&C Insurance Co Change In Working Capital Chart

ZhongAn Online P&C Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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779.68

6,490.92

38.24

-600.93

2,133.99

ZhongAn Online P&C Insurance Co Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Working Capital	Get a 7-Day Free Trial													-773.42	350.23	-934.58	1,611.97	522.02

ZhongAn Online P&C Insurance Co Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$2,134 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.

ZhongAn Online P&C Insurance Co Change In Working Capital Related Terms

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ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ZhongAn Online P&C Insurance Co Ltd (HKSE:06060) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

ZZHGF:USA ZZHGY:USA 1ZO:Germany

Address

219 Yuanmingyuan Road, Shanghai, CHN

Website

https://www.zhongan.com

ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.

Executives

Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ma Huateng	2201 Interest of corporation controlled by you
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Shen Zhen Shi Teng Xun Ji Suan Ji Xi Tong You Xian Gong Si	2101 Beneficial owner
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Asia Pacific Promotion Limited	2201 Interest of corporation controlled by you
Shen Zhen Ri Xun Wang Lu Ke Ji Gu Fen You Xian Gong Si	2101 Beneficial owner
Sinolink Worldwide Holdings Limited	2201 Interest of corporation controlled by you
Timeway Holdings Limited	2201 Interest of corporation controlled by you
Ou Yaping	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

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