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Applied Industrial Technologies Inc   (AIT)
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Applied Industrial Technologies Inc 's Working Capital Ratio

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


Applied Industrial Technologies Inc 's Current Assets grew by 2.29 % in the II Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Applied Industrial Technologies Inc 's Working Capital Ratio to 3.75 a new company high.

Within Construction & Mining Machinery industry Applied Industrial Technologies Inc booked the highest Working Capital Ratio than Applied Industrial Technologies Inc in the second quarter 2023. While Working Capital Ratio total ranking has improved so far during the II Quarter 2023 to 31, from total ranking in the first quarter 2023 at 398.

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


AIT Working Capital Ratio (Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
Y / Y Current Liabilities Change 0.43 % 3.39 % 8.15 % 3.5 % 11.84 %
Y / Y Current Assets Change 18.26 % 18.25 % 21.13 % 16.35 % 24.36 %
Working Capital Ratio MRQ 3.75 3.52 3.05 3.14 3.18
AIT's Total Ranking # 31 # 398 # 1364 # 1574 # 308
Seq. Current Liabilities Change -3.74 % -13.66 % 12.43 % 7.47 % -0.9 %
Seq. Current Assets Change 2.29 % -0.15 % 9.3 % 5.94 % 2.28 %



Working Capital Ratio second quarter 2023 Company Ranking
Within: No.
Construction & Mining Machinery Industry # 1
Capital Goods Sector # 9
Overall Market # 31


Working Capital Ratio Statistics
High Average Low
3.75 2.95 2.39
(Dec 31 2023)   (Sep 30 2019)




Financial Statements
Applied Industrial Technologies Inc 's Current Liabilities $ 449 Millions Visit AIT's Balance sheet
Applied Industrial Technologies Inc 's Current Assets $ 1,682 Millions Visit AIT's Balance sheet
Source of AIT's Sales Visit AIT's Sales by Geography


Cumulative Applied Industrial Technologies Inc 's Working Capital Ratio

AIT's Working Capital Ratio for the trailling 12 Months

AIT Working Capital Ratio

(Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 0.43 % 3.39 % 8.15 % 3.5 % 11.84 %
Y / Y Current Assets TTM Growth 18.26 % 18.25 % 21.13 % 16.35 % 24.36 %
Working Capital Ratio TTM 3.35 3.22 3.11 3.02 2.94
Total Ranking TTM # 616 # 1112 # 1234 # 1364 # 1618
Seq. Current Liabilities TTM Growth -3.74 % -13.66 % 12.43 % 7.47 % -0.9 %
Seq. Current Assets TTM Growth 2.29 % -0.15 % 9.3 % 5.94 % 2.28 %


On the trailing twelve months basis AIT Current Assets increased by 18.26 % in II Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Applied Industrial Technologies Inc 's Working Capital Ratio to 3.35, above AIT average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Construction & Mining Machinery industry 14 other companies have achieved higher Working Capital Ratio than Applied Industrial Technologies Inc . While Working Capital Ratio overall ranking has improved so far to 2369, from total ranking during the twelve months ending first quarter 2023 at 3785.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Construction & Mining Machinery Industry # 15
Capital Goods Sector # 195
Within the Market # 31


trailing twelve months Working Capital Ratio Statistics
High Average Low
3.35 2.91 2.6
(Dec 31 2023)   (Mar 31 2020)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Construction & Mining Machinery Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Gencor Industries Inc   9.60 $ 189.568  Millions$ 19.749  Millions
Applied Industrial Technologies Inc   3.75 $ 1,681.992  Millions$ 449.126  Millions
Hudson Technologies Inc  3.50 $ 204.995  Millions$ 58.551  Millions
Astec Industries Inc   3.14 $ 719.500  Millions$ 228.800  Millions
Distribution Solutions Group Inc   2.79 $ 675.823  Millions$ 242.015  Millions
Douglas Dynamics Inc  2.21 $ 262.238  Millions$ 118.517  Millions
Miller Industries inc   2.18 $ 510.471  Millions$ 234.394  Millions
Caterpillar Inc  2.15 $ 74,695.000  Millions$ 34,728.000  Millions
Willis Lease Finance Corp  2.01 $ 106.510  Millions$ 52.937  Millions
Terex Corp  2.01 $ 2,245.200  Millions$ 1,119.200  Millions
Wabash National Corporation  1.93 $ 681.353  Millions$ 352.209  Millions
Columbus Mckinnon Corporation  1.92 $ 516.412  Millions$ 269.321  Millions
Blue Bird Corporation  1.30 $ 243.345  Millions$ 187.797  Millions
Hyster yale Materials Handling Inc   1.22 $ 1,490.100  Millions$ 1,218.600  Millions
Urban gro Inc   0.97 $ 40.952  Millions$ 42.111  Millions

Date modified: 2024-01-30T08:25:31+00:00



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