Sfl (SFL) Change in Working Capital (2018 - 2024)
Sfl (SFL) posted quarterly Change in Working Capital of -$39.3 million for Q2 2024, up 53.06% year-over-year from -$25.7 million in Q3 2023, and down 189.56% quarter-over-quarter from $43.9 million in Q1 2024.
Sfl (SFL) Change in Working Capital (2018 - 2024) Analysis & Trends
Sfl (SFL) has reported Change in Working Capital for 5 consecutive years, with -$39.3 million the latest figure, recorded in Q2 2024.
- In Q2 2024, Change in Working Capital rose 53.06% year-over-year to -$39.3 million; the TTM figure through Jun 2024 stood at $67.5 million (up 170.27% YoY), while the FY2023 annual figure was $7.6 million, up 164.79% from the prior year.
- Change in Working Capital declined to -$39.3 million in Q2 2024 per SFL's latest filing, from $43.9 million in the prior quarter.
- Across five years, Change in Working Capital topped out at $55.3 million in Q3 2023 and bottomed at -$83.7 million in Q2 2023.
- Historically, Change in Working Capital has averaged -$797285.7 across 4 years, with a median of $2.7 million in 2021.
- Annual changes were most pronounced in 2022 — Change in Working Capital surged 2593.95% — and 2023, when it tumbled 1355.54%.
- Sfl's Change in Working Capital stood at -$1.2 million in 2021, then slumped by 877.8% to -$11.7 million in 2022, then jumped by 164.79% to $7.6 million in 2023, then tumbled by 617.58% to -$39.3 million in 2024.
- Business Quant data shows SFL's Change in Working Capital at -$39.3 million in Q2 2024, $43.9 million in Q1 2024, and $7.6 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | - |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | - |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | - |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 200,000.00 |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | - |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | -52.60 Mn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | - |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | - |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -39.28 Mn |
| Jun 30, 2024 | -39.28 Mn |
| Mar 31, 2024 | 43.86 Mn |
| Mar 31, 2024 | 43.86 Mn |
| Dec 31, 2023 | 7.59 Mn |
| Dec 31, 2023 | 7.59 Mn |
| Sep 30, 2023 | 55.32 Mn |
| Sep 30, 2023 | 55.32 Mn |
| Jun 30, 2023 | -83.68 Mn |
| Jun 30, 2023 | -83.68 Mn |
| Mar 31, 2023 | -12.66 Mn |
| Mar 31, 2023 | -12.66 Mn |
| Dec 31, 2022 | -11.71 Mn |
| Dec 31, 2022 | -11.71 Mn |
| Sep 30, 2022 | 12.02 Mn |
| Sep 30, 2022 | 12.02 Mn |
| Jun 30, 2022 | 6.67 Mn |
| Jun 30, 2022 | 6.67 Mn |
| Mar 31, 2022 | 7.29 Mn |
| Mar 31, 2022 | 7.29 Mn |