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3m Company  (MMM)
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3m's Working Capital Ratio

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


3m's Current Assets grew by 1.12 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in 3m's Working Capital Ratio to 1.09, Working Capital Ratio remained below 3m Company average.

Within Medical Equipment & Supplies industry 77 other companies have achieved higher Working Capital Ratio than 3m in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 1508, from total ranking in the third quarter 2023 at 3308.

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


MMM Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 62.73 % 63.75 % 10.91 % 15.77 % 5.59 %
Y / Y Current Assets Change 11.51 % 8.75 % 8.54 % 3.54 % -4.64 %
Working Capital Ratio MRQ 1.09 1.06 1.47 1.45 1.59
MMM's Total Ranking # 1508 # 3308 # 2499 # 552 # 1474
Seq. Current Liabilities Change -1.05 % 42.46 % 3.88 % 11.13 % -0.43 %
Seq. Current Assets Change 1.12 % 2.82 % 5.29 % 1.87 % -1.39 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 78
Healthcare Sector # 266
Overall Market # 1508


Working Capital Ratio Statistics
High Average Low
2.64 1.78 1.06
(June 30, 2015)   (Sep 30 2023)




Financial Statements
3m's Current Liabilities $ 15,072 Millions Visit MMM's Balance sheet
3m's Current Assets $ 16,379 Millions Visit MMM's Balance sheet
Source of MMM's Sales Visit MMM's Sales by Geography


Cumulative 3m's Working Capital Ratio

MMM's Working Capital Ratio for the trailling 12 Months

MMM Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 62.73 % 63.75 % 10.91 % 15.77 % 5.59 %
Y / Y Current Assets TTM Growth 11.51 % 8.75 % 8.54 % 3.54 % -4.64 %
Working Capital Ratio TTM 1.23 1.35 1.52 1.53 1.58
Total Ranking TTM # 1689 # 2524 # 2455 # 2616 # 2964
Seq. Current Liabilities TTM Growth -1.05 % 42.46 % 3.88 % 11.13 % -0.43 %
Seq. Current Assets TTM Growth 1.12 % 2.82 % 5.29 % 1.87 % -1.39 %


On the trailing twelve months basis Due to decrease in Current Liabilities in the IV Quarter 2023 to $15,072.00 millions, cumulative Working Capital Ratio decreased to 1.23 below the 3m Company average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry 125 other companies have achieved higher Working Capital Ratio than 3m. While Working Capital Ratio overall ranking has improved so far to 1011, from total ranking during the twelve months ending third quarter 2023 at 3612.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 126
Healthcare Sector # 482
Within the Market # 1508


trailing twelve months Working Capital Ratio Statistics
High Average Low
2.39 1.79 1.21
(Dec. 31, 2010)   (Dec 31 2023)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Livanova Plc  2.95 $ 988.158  Millions$ 334.983  Millions
Haemonetics Corporation  2.92 $ 764.982  Millions$ 261.755  Millions
Dexcom Inc   2.92 $ 4,425.900  Millions$ 1,516.500  Millions
Integer Holdings Corporation  2.91 $ 617.668  Millions$ 212.277  Millions
West Pharmaceutical Services Inc   2.88 $ 1,936.400  Millions$ 671.800  Millions
Biolife Solutions Inc   2.86 $ 120.604  Millions$ 42.178  Millions
Irhythm Technologies Inc   2.60 $ 230.812  Millions$ 88.905  Millions
Nuwellis Inc   2.59 $ 8.209  Millions$ 3.172  Millions
Cadre Holdings Inc   2.58 $ 245.843  Millions$ 95.206  Millions
Encision Inc   2.55 $ 2.705  Millions$ 1.061  Millions
Icu Medical Inc  2.53 $ 1,221.272  Millions$ 481.838  Millions
Steris Plc  2.53 $ 2,218.953  Millions$ 876.983  Millions
Stereotaxis Inc   2.51 $ 33.267  Millions$ 13.247  Millions
Ufp Technologies Inc   2.48 $ 144.633  Millions$ 58.209  Millions
Enovis Corporation  2.43 $ 896.519  Millions$ 369.607  Millions
Angiodynamics Inc   2.38 $ 185.468  Millions$ 78.037  Millions
Msa Safety Incorporated  2.36 $ 786.270  Millions$ 332.818  Millions
Warby Parker Inc   2.35 $ 298.619  Millions$ 127.090  Millions
Teleflex Incorporated  2.32 $ 1,407.406  Millions$ 606.745  Millions
Medtronic Plc  2.30 $ 22,513.000  Millions$ 9,793.000  Millions
Delcath Systems Inc   2.26 $ 37.158  Millions$ 16.448  Millions
Envista Holdings Corporation  2.23 $ 1,743.700  Millions$ 780.800  Millions
Embecta Corp   2.20 $ 719.500  Millions$ 326.600  Millions
Avanos Medical Inc   2.20 $ 487.000  Millions$ 221.800  Millions
Masimo Corp  2.18 $ 1,231.900  Millions$ 563.800  Millions
Modular Medical Inc   2.17 $ 2.342  Millions$ 1.077  Millions
Docgo Inc   1.99 $ 338.870  Millions$ 170.119  Millions
Conmed Corporation  1.98 $ 615.649  Millions$ 310.729  Millions
Privia Health Group Inc   1.83 $ 700.804  Millions$ 383.909  Millions
Precision Optics Corporation Inc   1.82 $ 7.833  Millions$ 4.313  Millions

Date modified: 2024-02-07T19:52:34+00:00



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