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Mccormick and Co Inc  (MKC)
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Mccormick And Co Inc's Working Capital Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 0.65 a new company low.

Within Food Processing industry 5 other companies have achieved higher Working Capital Ratio than Mccormick And Co Inc in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 52 to 130.

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


MKC Working Capital Ratio (Nov 30 2023)
IV. Quarter
(Aug 31 2023)
III. Quarter
(May 31 2023)
II. Quarter
(Feb 28 2023)
I. Quarter
(Nov 30 2022)
IV. Quarter
Y / Y Current Liabilities Change -9.72 % 0.97 % -20.62 % 7.94 % 6.47 %
Y / Y Current Assets Change -16.14 % -11.82 % -9.49 % 7.7 % 8.69 %
Working Capital Ratio MRQ 0.65 0.67 0.85 0.73 0.7
MKC's Total Ranking # 130 # 52 # 909 # 12 # 114
Seq. Current Liabilities Change -2.27 % 27.5 % -25.11 % -3.25 % 9.3 %
Seq. Current Assets Change -5.92 % 1.12 % -12.74 % 1.03 % -1.08 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Food Processing Industry # 6
Consumer Non Cyclical Sector # 14
Overall Market # 130


Working Capital Ratio Statistics
High Average Low
1.82 1.02 0.65
(Aug. 31, 2011)   (Nov 30 2023)




Financial Statements
Mccormick And Co Inc's Current Liabilities $ 3,099 Millions Visit MKC's Balance sheet
Mccormick And Co Inc's Current Assets $ 2,002 Millions Visit MKC's Balance sheet
Source of MKC's Sales Visit MKC's Sales by Geography


Cumulative Mccormick And Co Inc's Working Capital Ratio

MKC's Working Capital Ratio for the trailling 12 Months

MKC Working Capital Ratio

(Nov 30 2023)
IV. Quarter
(Aug 31 2023)
III. Quarter
(May 31 2023)
II. Quarter
(Feb 28 2023)
I. Quarter
(Nov 30 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -9.72 % 0.97 % -20.62 % 7.94 % 6.47 %
Y / Y Current Assets TTM Growth -16.14 % -11.82 % -9.49 % 7.7 % 8.69 %
Working Capital Ratio TTM 0.72 0.73 0.75 0.73 0.73
Total Ranking TTM # 1732 # 3874 # 2956 # 14 # 2562
Seq. Current Liabilities TTM Growth -2.27 % 27.5 % -25.11 % -3.25 % 9.3 %
Seq. Current Assets TTM Growth -5.92 % 1.12 % -12.74 % 1.03 % -1.08 %


On the trailing twelve months basis In spite of the year on year decrease in MKC's Current Liabilities to $3,098.90 millions, cumulative Working Capital Ratio to 0.72 below the MKC average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Food Processing industry 31 other companies have achieved higher Working Capital Ratio than Mccormick And Co Inc. While Working Capital Ratio overall ranking has improved so far to 1732, from total ranking during the twelve months ending third quarter 2023 at 3874.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Food Processing Industry # 32
Consumer Non Cyclical Sector # 91
Within the Market # 1732


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.37 1.01 0.71
(Aug. 31, 2011)   (May 31 2022)




Companies with similar Working Capital Ratio in the quarter ending Nov 30 2023, within Food Processing Industry Working Capital RatioNov 30 2023 MRQ Current AssetsNov 30 2023 MRQ Current Liabilities
Sow Good Inc   1.77 $ 10.238  Millions$ 5.771  Millions
Farmer Brothers Co  1.71 $ 104.418  Millions$ 61.140  Millions
Pilgrim s Pride Corporation  1.68 $ 4,204.471  Millions$ 2,495.867  Millions
Lamb Weston Holdings Inc   1.57 $ 2,080.900  Millions$ 1,323.500  Millions
Treehouse Foods Inc   1.50 $ 1,054.800  Millions$ 704.300  Millions
Tyson Foods Inc   1.49 $ 9,216.000  Millions$ 6,172.000  Millions
Utz Brands Inc   1.47 $ 328.053  Millions$ 223.037  Millions
Rocky Mountain Chocolate Factory Inc   1.42 $ 10.080  Millions$ 7.079  Millions
Benson Hill Inc   1.23 $ 118.918  Millions$ 96.729  Millions
Campbell Soup Co  1.01 $ 2,070.000  Millions$ 2,056.000  Millions
Kraft Heinz Co  0.99 $ 7,929.000  Millions$ 8,037.000  Millions
Hershey Co  0.97 $ 2,912.103  Millions$ 3,008.352  Millions
Conagra Brands Inc   0.91 $ 3,469.100  Millions$ 3,833.100  Millions
Wk Kellogg Co  0.84 $ 706.000  Millions$ 836.000  Millions
The J M Smucker Company  0.79 $ 1,924.000  Millions$ 2,426.800  Millions
Kellanova  0.66 $ 3,330.000  Millions$ 5,060.000  Millions
Mccormick and Co Inc  0.65 $ 2,001.600  Millions$ 3,098.900  Millions
General Mills Inc   0.64 $ 5,045.600  Millions$ 7,902.200  Millions
Mondel z International Inc   0.62 $ 11,703.000  Millions$ 19,013.000  Millions

Date modified: 2024-01-26T14:11:45+00:00



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