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Avery Dennison Corporation  (AVY)
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Avery Dennison's Working Capital Ratio

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


In the wake of the increase in Current Liabilities in the third quarter 2023, Working Capital Ratio fell to 1.03 below Avery Dennison Corporation average.

Within Paper & Paper Products industry 6 other companies have achieved higher Working Capital Ratio than Avery Dennison in third quarter 2023. While Working Capital Ratio total ranking has improved so far during the III Quarter 2023 to 1205, from total ranking in the second quarter 2023 at 4574.

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


AVY Working Capital Ratio (Sep 30 2023)
III. Quarter
(Jul 01 2023)
II. Quarter
(Apr 01 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Oct 01 2022)
III. Quarter
Y / Y Current Liabilities Change -6.63 % -13.06 % -2.92 % 9.89 % 12.64 %
Y / Y Current Assets Change -4.98 % -3.32 % 3.28 % 1.73 % 6.6 %
Working Capital Ratio MRQ 1.03 1.09 1.13 0.99 1.01
AVY's Total Ranking # 1205 # 4574 # 1281 # 1346 # 4820
Seq. Current Liabilities Change 5.2 % -1.32 % -5.58 % -4.75 % -2.04 %
Seq. Current Assets Change -1.29 % -4.62 % 7.45 % -6.07 % 0.44 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Paper & Paper Products Industry # 7
Basic Materials Sector # 126
Overall Market # 1205


Working Capital Ratio Statistics
High Average Low
1.38 1.09 0.66
(Sep. 28. 2013)   (June 29, 2007)




Financial Statements
Avery Dennison's Current Liabilities $ 2,744 Millions Visit AVY's Balance sheet
Avery Dennison's Current Assets $ 2,814 Millions Visit AVY's Balance sheet
Source of AVY's Sales Visit AVY's Sales by Geography


Cumulative Avery Dennison's Working Capital Ratio

AVY's Working Capital Ratio for the trailling 12 Months

AVY Working Capital Ratio

(Sep 30 2023)
III. Quarter
(Jul 01 2023)
II. Quarter
(Apr 01 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Oct 01 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth -6.63 % -13.06 % -2.92 % 9.89 % 12.64 %
Y / Y Current Assets TTM Growth -4.98 % -3.32 % 3.28 % 1.73 % 6.6 %
Working Capital Ratio TTM 1.06 1.05 1.03 1.01 1.03
Total Ranking TTM # 1245 # 4029 # 5699 # 3806 # 5699
Seq. Current Liabilities TTM Growth 5.2 % -1.32 % -5.58 % -4.75 % -2.04 %
Seq. Current Assets TTM Growth -1.29 % -4.62 % 7.45 % -6.07 % 0.44 %


On the trailing twelve months basis Current Liabilities decreased faster than Avery Dennison's average Current Assets, this led to increase in in Avery Dennison's Working Capital Ratio to 1.06, Working Capital Ratio remained below AVY average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Paper & Paper Products industry 7 other companies have achieved higher Working Capital Ratio than Avery Dennison. While Working Capital Ratio overall ranking has improved so far to 1245, from total ranking during the twelve months ending second quarter 2023 at 4029.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Paper & Paper Products Industry # 8
Basic Materials Sector # 132
Within the Market # 1245


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.34 1.09 0.78
(June 30. 2014)   (Dec. 29. 2007)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Paper & Paper Products Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Veritiv Corporation  2.70 $ 1,809.400  Millions$ 669.200  Millions
Ranpak Holdings Corp   2.69 $ 123.400  Millions$ 45.900  Millions
Rayonier Advanced Materials Inc   2.58 $ 518.328  Millions$ 200.694  Millions
Clearwater Paper Corporation  2.40 $ 627.000  Millions$ 260.900  Millions
Glatfelter Corporation  2.33 $ 594.882  Millions$ 255.586  Millions
Mativ Holdings Inc   2.27 $ 914.400  Millions$ 403.500  Millions
Sylvamo Corporation  1.76 $ 1,186.000  Millions$ 674.000  Millions
International Paper Company  1.75 $ 6,780.000  Millions$ 3,882.000  Millions
Avery Dennison Corporation  1.03 $ 2,814.300  Millions$ 2,744.300  Millions
Kimberly clark Corporation  0.84 $ 5,727.000  Millions$ 6,831.000  Millions

Date modified: 2023-11-01T18:48:32+00:00



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