Sfl (SFL) Change in Working Capital (2018 - 2024)
Sfl's (SFL) quarterly Change in Working Capital came in at -$39.3 million in Q2 2024, up 53.06% year-on-year from -$25.7 million in Q3 2023, and down 189.56% on a QoQ basis from $43.9 million in Q1 2024.
Sfl (SFL) Change in Working Capital (2018 - 2024) Analysis & Trends
Sfl (SFL) has 5 years of Change in Working Capital data on file, last reported at -$39.3 million in Q2 2024.
- On a quarterly basis, Change in Working Capital rose 53.06% year-over-year to -$39.3 million in Q2 2024; TTM through Jun 2024 was $67.5 million, a 170.27% increase from a year earlier, with the FY2023 full-year figure at $7.6 million, up 164.79% from the prior year.
- Change in Working Capital for Q2 2024 stood at -$39.3 million, down from $43.9 million in the prior quarter.
- Over the last five years, Change in Working Capital for SFL reached as high as $55.3 million in Q3 2023 and fell as low as -$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.
- Across the five-year window, Change in Working Capital soared 2593.95% in 2022 and sank 1355.54% in 2023, its largest moves.
- Year by year, Change in Working Capital stood at -$1.2 million in 2021, then slumped by 877.8% to -$11.7 million in 2022, then soared by 164.79% to $7.6 million in 2023, then tumbled by 617.58% to -$39.3 million in 2024.
- Per Business Quant data, the three most recent Change in Working Capital figures were -$39.3 million in Q2 2024, $43.9 million in Q1 2024, and $7.6 million in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 2,961,932.37 Bn | 2,961,931.45 Bn | 57.20 Mn | 200,000.00 |
| 2 | Danaos | 2,534.83 Bn | 2,533.96 Bn | 203.71 Mn | - |
| 3 | Sfl | 1,566.09 Bn | 1,565.94 Bn | 66.27 Mn | - |
| 4 | Capital Clean Energy Carriers | 1,428.00 Bn | 1,427.46 Bn | 95.52 Mn | - |
| 5 | Globus Maritime | 60.08 Bn | 60.05 Bn | 8,083.00 | - |
| 6 | Kirby | 8.05 Bn | 7.97 Bn | 291.34 Mn | - |
| 7 | Matson | 6.27 Bn | 6.17 Bn | - | - |
| 8 | Intercont (Cayman) | 3.96 Bn | 3.96 Bn | - | - |
| 9 | Hafnia | 3.72 Bn | 3.61 Bn | 152.41 Mn | - |
| 10 | Star Bulk Carriers | 3.11 Bn | 2.62 Bn | 493.84 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 |