iFresh Inc. Working Capital

Working Capital of IFMK for past 10 years: annual, quarterly and twelve month trailing (TTM) including Working Capital growth rates and interactive chart. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. Working capital is a measure of a company's liquidity, operational efficiency and its short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt.

Highlights and Quick Summary

  • Working Capital for the quarter ending December 30, 2020 was $-17.9 Million (a -4.38% decrease compared to previous quarter)
  • Year-over-year quarterly Working Capital decreased by -37.56%
  • Annual Working Capital for 2020 was $-28.6 Million (a 32.44% increase from previous year)
  • Annual Working Capital for 2019 was $-21.6 Million (a 712.87% increase from previous year)
  • Annual Working Capital for 2018 was $-2.66 Million (a -50.18% decrease from previous year)
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Historical Working Capital of iFresh Inc.

Most recent Working Capitalof IFMK including historical data for past 10 years.

Interactive Chart of Working Capital of iFresh Inc.

iFresh Inc. Working Capital for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $-17.88 $-18.7 $-19.11 $-28.64 $-28.64
2019 $-26.21 $-26.42 $-26.86 $-21.62 $-21.62
2018 $-19.77 $-21.03 $-21.07 $-18.4 $-2.66
2017 $8.43 $15.67 $14.17 $-5.34 $-5.34
2016 $40.28 $-3.31
2015 $-3.31

Business Profile of iFresh Inc.

Sector: Consumer Defensive
Industry: Grocery Stores
iFresh Inc., through its subsidiaries, operates a network of grocery supermarket chains in the north-eastern United States. It operates through Wholesale and Retail segments. The company provides vegetables, seafood, meat, fruits, snacks, seasonings, and spices, such as peanut oil, cooking wine, vinegar, dark soy sauce, black bean sauce, pepper oil, and chilly oil; tea, condiments, canned goods, flour products, marine food products, candies groceries, traditional Chinese medicine, health products, and dried food; rice and rice products; assortment of noodles, frozen vegetables, frozen dumplings, frozen seafood products, and aquatic products; and cooking utensils. Its brand portfolio includes Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, and I FRESH. The company also distributes its products to wholesale stores, retail supermarkets, and restaurants. As of August 10, 2020, it operated nine retail supermarkets and two in-house wholesale businesses. The company offers its products through online sales channels and delivery network in suburban areas. iFresh Inc. was founded in 1995 and is headquartered in Long Island City, New York.