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Mj Holdings Inc   (MJNE)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services

Mj Holdings Inc 's Working Capital Ratio

MJNE's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Mj Holdings Inc 's Current Assets grew by 30.97 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Mj Holdings Inc 's Working Capital Ratio to 0.35, Working Capital Ratio remained below Mj Holdings Inc average.

Within Professional Services industry 118 other companies have achieved higher Working Capital Ratio than Mj Holdings Inc in third quarter 2023. While Working Capital Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 0 to 3926.

Explain Working Capital Ratio
How much in Current Assets MJNE´s has?
What is the value of MJNE´s Current Liabilities?


MJNE Working Capital Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change -35.6 % -26.76 % 31.69 % -5.3 % 21.54 %
Y / Y Current Assets Change -74 % -85.02 % -86.45 % -69.02 % -56.08 %
Working Capital Ratio MRQ 0.35 0.28 0.14 0.39 0.86
MJNE's Total Ranking # 3926 # 0 # 4972 # 4619 # 4101
Seq. Current Liabilities Change 5.41 % -46.25 % -6.48 % 21.55 % 19.88 %
Seq. Current Assets Change 30.97 % 8.7 % -66.83 % -44.96 % -24.5 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Professional Services Industry # 119
Services Sector # 490
Overall Market # 3926


Working Capital Ratio Statistics
High Average Low
16.18 2.42 0.01
(Mar 31 2014)   (Dec 31 2013)




Financial Statements
Mj Holdings Inc 's Current Liabilities $ 2 Millions Visit MJNE's Balance sheet
Mj Holdings Inc 's Current Assets $ 1 Millions Visit MJNE's Balance sheet
Source of MJNE's Sales Visit MJNE's Sales by Geography


Cumulative Mj Holdings Inc 's Working Capital Ratio

MJNE's Working Capital Ratio for the trailling 12 Months

MJNE Working Capital Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth -35.6 % -26.76 % 31.69 % -5.3 % 21.54 %
Y / Y Current Assets TTM Growth -74 % -85.02 % -86.45 % -69.02 % -56.08 %
Working Capital Ratio TTM 0.29 0.42 0.63 0.93 1.18
Total Ranking TTM # 3903 # 0 # 4360 # 4651 # 4359
Seq. Current Liabilities TTM Growth 5.41 % -46.25 % -6.48 % 21.55 % 19.88 %
Seq. Current Assets TTM Growth 30.97 % 8.7 % -66.83 % -44.96 % -24.5 %


On the trailing twelve months basis In spite of the year on year decrease in MJNE's Current Liabilities to $2.20 millions, cumulative Working Capital Ratio to 0.29 below the MJNE average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Professional Services industry 129 other companies have achieved higher Working Capital Ratio than Mj Holdings Inc . While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 0 to 3903.

Explain Working Capital Ratio
How much in Current Assets MJNE´s has?
What is the value of MJNE´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Professional Services Industry # 130
Services Sector # 526
Within the Market # 3903


trailing twelve months Working Capital Ratio Statistics
High Average Low
4.61 1.36 0.12
(Sep 30 2018)   (Sep 30 2016)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Professional Services Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Zerofox Holdings Inc   0.89 $ 85.183  Millions$ 96.004  Millions
Dalrada Financial Corporation  0.85 $ 10.199  Millions$ 11.942  Millions
Edgio Inc   0.85 $ 129.400  Millions$ 152.048  Millions
Lyft Inc   0.85 $ 2,500.239  Millions$ 2,948.862  Millions
Mediaalpha Inc   0.85 $ 51.020  Millions$ 60.254  Millions
Rocky Mountain Industrials Inc   0.84 $ 9.744  Millions$ 11.541  Millions
Bgsf Inc   0.83 $ 0.073  Millions$ 0.087  Millions
Spirit Realty Capital Inc   0.81 $ 187.115  Millions$ 230.353  Millions
Rimini Street Inc   0.80 $ 232.084  Millions$ 288.799  Millions
Fiscalnote Holdings Inc   0.80 $ 48.183  Millions$ 60.357  Millions
Fidelity National Information Services Inc   0.79 $ 12,153.000  Millions$ 15,342.000  Millions
Envestnet inc   0.75 $ 203.153  Millions$ 270.245  Millions
Cass Information Systems Inc   0.70 $ 822.030  Millions$ 1,177.342  Millions
Janel Corp  0.67 $ 39.288  Millions$ 58.837  Millions
Loop Media inc   0.66 $ 12.487  Millions$ 19.055  Millions
Treasure Global Inc  0.65 $ 4.180  Millions$ 6.448  Millions
The olb Group Inc   0.61 $ 3.584  Millions$ 5.914  Millions
Staffing 360 Solutions Inc   0.59 $ 27.677  Millions$ 46.706  Millions
Quotemedia Inc   0.54 $ 2.097  Millions$ 3.879  Millions
Zoned Properties Inc   0.53 $ 3.562  Millions$ 6.691  Millions
Relx Plc  0.52 $ 2,874.000  Millions$ 5,490.000  Millions
Comscore Inc   0.51 $ 90.615  Millions$ 178.873  Millions
Exela Technologies Inc   0.47 $ 175.093  Millions$ 370.504  Millions
Dhi Group Inc   0.42 $ 27.106  Millions$ 64.169  Millions
Cfn Enterprises Inc   0.38 $ 4.690  Millions$ 12.446  Millions
Trinity Place Holdings inc   0.36 $ 9.189  Millions$ 25.320  Millions
Mj Holdings Inc   0.35 $ 0.768  Millions$ 2.203  Millions
Logiq Inc   0.28 $ 1.555  Millions$ 5.498  Millions
The Western Union Company  0.25 $ 1,138.200  Millions$ 4,575.600  Millions
National Rural Utilities Cooperative Finance Corpo  0.23 $ 1,271.362  Millions$ 5,507.128  Millions

Date modified: 2024-02-17T23:17:31+00:00



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