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Arts Way Manufacturing Co Inc  (ARTW)
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Arts Way Manufacturing Co Inc's Working Capital Ratio

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


Current Liabilities decreased faster than Arts Way Manufacturing Co Inc's Current Assets, this led to improvement in Arts Way Manufacturing Co Inc's Working Capital Ratio to 1.61, Working Capital Ratio remained below Arts Way Manufacturing Co Inc average.

Within Industrial Machinery and Components industry 55 other companies have achieved higher Working Capital Ratio than Arts Way Manufacturing 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 924 to 1188.

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


ARTW 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 1.38 % -0.52 % -4.48 % 31.08 % 20.56 %
Y / Y Current Assets Change 6.74 % 9.11 % 7.41 % 31.09 % 16.09 %
Working Capital Ratio MRQ 1.61 1.6 1.6 1.49 1.53
ARTW's Total Ranking # 1188 # 924 # 2506 # 2143 # 590
Seq. Current Liabilities Change -7.93 % 3.2 % -6.8 % 14.48 % -9.66 %
Seq. Current Assets Change -7.51 % 2.82 % 0.34 % 11.86 % -5.45 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Industrial Machinery and Components Industry # 56
Capital Goods Sector # 133
Overall Market # 1188


Working Capital Ratio Statistics
High Average Low
4.28 2.35 1.43
(Aug 31 2013)   (May 31 2022)




Financial Statements
Arts Way Manufacturing Co Inc's Current Liabilities $ 9 Millions Visit ARTW's Balance sheet
Arts Way Manufacturing Co Inc's Current Assets $ 15 Millions Visit ARTW's Balance sheet
Source of ARTW's Sales Visit ARTW's Sales by Geography


Cumulative Arts Way Manufacturing Co Inc's Working Capital Ratio

ARTW's Working Capital Ratio for the trailling 12 Months

ARTW 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 1.38 % -0.52 % -4.48 % 31.08 % 20.56 %
Y / Y Current Assets TTM Growth 6.74 % 9.11 % 7.41 % 31.09 % 16.09 %
Working Capital Ratio TTM 1.57 1.55 1.52 1.47 1.47
Total Ranking TTM # 929 # 2147 # 3862 # 64 # 544
Seq. Current Liabilities TTM Growth -7.93 % 3.2 % -6.8 % 14.48 % -9.66 %
Seq. Current Assets TTM Growth -7.51 % 2.82 % 0.34 % 11.86 % -5.45 %


On the trailing twelve months basis ARTW Current Assets improved by 6.74 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Arts Way Manufacturing Co Inc's Working Capital Ratio to 1.57, Working Capital Ratio remained below ARTW average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Industrial Machinery and Components industry 52 other companies have achieved higher Working Capital Ratio than Arts Way Manufacturing Co Inc. While Working Capital Ratio overall ranking has improved so far to 929, from total ranking during the twelve months ending third quarter 2023 at 2147.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Industrial Machinery and Components Industry # 53
Capital Goods Sector # 107
Within the Market # 929


trailing twelve months Working Capital Ratio Statistics
High Average Low
3.4 2.2 1.47
(Nov 30 2013)   (Nov 30 2022)




Companies with similar Working Capital Ratio in the quarter ending Nov 30 2023, within Industrial Machinery and Components Industry Working Capital RatioNov 30 2023 MRQ Current AssetsNov 30 2023 MRQ Current Liabilities
Veeco Instruments inc  4.40 $ 706.278  Millions$ 160.409  Millions
Intevac Inc   4.10 $ 133.377  Millions$ 32.510  Millions
Axcelis Technologies Inc  3.79 $ 1,079.991  Millions$ 285.129  Millions
Alamo Group Inc   3.76 $ 803.957  Millions$ 213.926  Millions
Graftech International Ltd   3.65 $ 674.793  Millions$ 185.126  Millions
Bloom Energy Corp  3.60 $ 1,693.167  Millions$ 470.422  Millions
Lindsay Corporation  3.53 $ 501.302  Millions$ 141.971  Millions
John Bean Technologies Corporation  3.52 $ 1,100.200  Millions$ 312.400  Millions
Spectrum Brands Holdings Inc   3.36 $ 2,515.700  Millions$ 749.300  Millions
Standex International Corp  3.34 $ 435.999  Millions$ 130.542  Millions
Aaon Inc   3.23 $ 408.954  Millions$ 126.749  Millions
Cricut Inc   3.16 $ 619.969  Millions$ 196.464  Millions
Desktop Metal inc   3.08 $ 216.137  Millions$ 70.104  Millions
Gates Industrial Corporation Plc  3.08 $ 2,401.300  Millions$ 779.300  Millions
Zurn Elkay Water Solutions Corporation  3.02 $ 667.800  Millions$ 220.900  Millions
Atkore Inc   2.96 $ 1,498.144  Millions$ 505.357  Millions
Carrier Global Corporation  2.90 $ 18,780.000  Millions$ 6,466.000  Millions
Enerpac Tool Group Corp   2.83 $ 359.959  Millions$ 126.984  Millions
Trio tech International  2.72 $ 35.077  Millions$ 12.875  Millions
Enersys  2.67 $ 1,772.277  Millions$ 662.895  Millions
Energy Vault Holdings Inc   2.63 $ 279.582  Millions$ 106.207  Millions
Kennametal Inc   2.51 $ 1,009.820  Millions$ 401.807  Millions
Ekso Bionics Holdings Inc   2.49 $ 20.208  Millions$ 8.117  Millions
Siteone Landscape Supply Inc   2.43 $ 1,405.300  Millions$ 578.300  Millions
Acm Research Inc   2.35 $ 1,176.110  Millions$ 500.659  Millions
The Middleby Corporation  2.31 $ 1,965.859  Millions$ 851.094  Millions
Sci Engineered Materials inc   2.28 $ 13.577  Millions$ 5.945  Millions
Lincoln Electric Holdings Inc  2.24 $ 1,693.111  Millions$ 754.610  Millions
Nn Inc   2.24 $ 182.554  Millions$ 81.619  Millions
Twin Disc Inc  2.22 $ 216.577  Millions$ 97.540  Millions

Date modified: 2024-02-28T20:55:59+00:00



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