Progressive Care (Progressive Care) Change In Working Capital : $-6.03 Mil (TTM As of Mar. 2024)

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What is Progressive Care Change In Working Capital?

Progressive Care's change in working capital for the quarter that ended in Mar. 2024 was $-2.92 Mil.

Progressive Care's change in working capital for the fiscal year that ended in Dec. 2023 was $0.00 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).

Progressive Care Change In Working Capital Historical Data

The historical data trend for Progressive Care'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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Progressive Care Change In Working Capital Chart

Progressive Care Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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0.25

1.61

-0.33

-0.51

Progressive Care 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															0.66	-1.61	-0.85	-0.64	-2.92

Progressive Care 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 $-6.03 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.

Progressive Care Change In Working Capital Related Terms

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Progressive Care (Progressive Care) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Progressive Care Inc (OTCPK:RXMD) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Ansin Boulevard, Suite A, Hallandale Beach, FL, USA, 33009

Website

https://www.progressivecareus.com

Progressive Care Inc is a personalized healthcare services and technology company which provides prescription pharmaceutical services, risk management, and data analytics to healthcare organizations and providers. The company through its wholly-owned subsidiary Pharmco, provides prescription pharmaceuticals, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, the supply of prescription medications to long-term care facilities, and health practice risk management. It also offers certain disease testing and vaccinations. It offers services in a variety of languages, including English, Spanish, French, Creole, Portuguese, Ukrainian, and Russian.

Executives

Charles M. Fernandez	director, 10 percent owner, officer: Chairman & CEO	C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C., 4400 BISCAYNE BOULEVARD, 9TH FLOOR, MIAMI FL 33137
Rodney Barreto	director, 10 percent owner	460 MARQUESA DRIVE, CORAL GABLES FL 33156
Pamela M Roberts	officer: CHIEF OPERATING OFFICER	1540 NW 203 ST, MIAMI FL 33169
Pedro Rodriguez	director	258 NE 27TH STREET, MIAMI FL 33137
Birute Norkute	officer: Chief Operating Officer	2311 NE 174TH ST, MIAMI FL 33160
Alan Jay Weisberg	officer: CHIEF FINANCIAL OFFICER	2500 NORTH MILITARY TRAIL, SUITE 206, BOCA RATON FL 33431
Cecile Munnik	officer: CFO	400 ANSIN BLVD SUITE A, HALLANDALE BEACH FL 33009
Joseph Ziegler	director	1051 HILLSBORO MILE, PH2, HILLSBORO BEACH FL 33062
Jervis Hough	director	6053 BARTAM COVE, DULUTH GA 30097
Shital P Parikh	director, officer: Chief Operating Officer	1111 PARK CENTER BLVD., SUITE 202, MIAMI GARDENS FL 33169
Vernon Watson	officer: Chief Executive Officer	1111 PARK CENTER BLVD., SUITE 202, MIAMI GARDENS FL 33169
Armen Karapetyan	10 percent owner	17395 NORTH BAY ROAD, SUITE 102, SUNNY ISLES BEACH FL 33160
Avraham A. Friedman	director, 10 percent owner, officer: Chief Executive Officer	C/O PROGRESSIVE CARE INC., 901 N. MIAMI BEACH BLVD., SUITE 1, N. MIAMI BEACH FL 33162
Andy Subachan	director, 10 percent owner, officer: Chief Operating Officer	C/O PROGRESSIVE CARE INC., 901 N. MIAMI BEACH BLVD., SUITE 1, N. MIAMI BEACH FL 33162
Buddy Young	director, 10 percent owner, officer: President, CEO, CFO, Chairman