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Credo Technology Group Holding Ltd  (CRDO)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology

Credo Technology Group Holding Ltd's Working Capital Ratio

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


Credo Technology Group Holding Ltd's Current Assets grew by 55.78 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Credo Technology Group Holding Ltd's Working Capital Ratio to 12.72 a new company high.

Within Semiconductors industry only one company has achieved higher Working Capital Ratio in third quarter 2023. While Working Capital Ratio total ranking has improved so far during the III Quarter 2023 to 124, from total ranking in the second quarter 2023 at 475.

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


CRDO Working Capital Ratio (Jan 27 2024)
III. Quarter
(Oct 28 2023)
II. Quarter
(Jul 29 2023)
I. Quarter
(Apr 29 2023)
IV. Quarter
(Jan 28 2023)
III. Quarter
Y / Y Current Liabilities Change -7.34 % -24.75 % -26.75 % 17.12 % 67.89 %
Y / Y Current Assets Change 46.12 % -6.14 % -7.32 % -1.19 % 15.98 %
Working Capital Ratio MRQ 12.72 8.82 10.27 10.58 8.07
CRDO's Total Ranking # 124 # 475 # 458 # 487 # 486
Seq. Current Liabilities Change 7.95 % 19.31 % 0.57 % -28.47 % -12.33 %
Seq. Current Assets Change 55.78 % 2.39 % -2.31 % -6.23 % 0.06 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Semiconductors Industry # 2
Technology Sector # 15
Overall Market # 124


Working Capital Ratio Statistics
High Average Low
12.72 9.99 7.07
(Jan 27 2024)   (Oct 29 2022)




Financial Statements
Credo Technology Group Holding Ltd's Current Liabilities $ 40 Millions Visit CRDO's Balance sheet
Credo Technology Group Holding Ltd's Current Assets $ 511 Millions Visit CRDO's Balance sheet
Source of CRDO's Sales Visit CRDO's Sales by Geography


Cumulative Credo Technology Group Holding Ltd's Working Capital Ratio

CRDO's Working Capital Ratio for the trailling 12 Months

CRDO Working Capital Ratio

(Jan 27 2024)
III. Quarter
(Oct 28 2023)
II. Quarter
(Jul 29 2023)
I. Quarter
(Apr 29 2023)
IV. Quarter
(Jan 28 2023)
III. Quarter
Y / Y Current Liabilities TTM Growth -7.34 % -24.75 % -26.75 % 17.12 % 67.89 %
Y / Y Current Assets TTM Growth 46.12 % -6.14 % -7.32 % -1.19 % 15.98 %
Working Capital Ratio TTM 10.66 9.29 8.7 8.25 8.51
Total Ranking TTM # 85 # 309 # 280 # 297 # 4502
Seq. Current Liabilities TTM Growth 7.95 % 19.31 % 0.57 % -28.47 % -12.33 %
Seq. Current Assets TTM Growth 55.78 % 2.39 % -2.31 % -6.23 % 0.06 %


On the trailing twelve months basis CRDO Current Assets soared by 46.12 % in III Quarter 2023 year on year, while Current Liabilities rose to $40 millions, this led to increase in in Credo Technology Group Holding Ltd's Working Capital Ratio to 10.66, above CRDO average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Semiconductors industry just one company has achieved higher Working Capital Ratio during the twelve months ending in the Jan 27 2024. While Working Capital Ratio overall ranking has improved so far to 85, from total ranking during the twelve months ending second quarter 2023 at 309.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Semiconductors Industry # 2
Technology Sector # 10
Within the Market # 85


trailing twelve months Working Capital Ratio Statistics
High Average Low
11.78 9.65 8.25
(Apr 30 2022)   (Apr 29 2023)




Companies with similar Working Capital Ratio in the quarter ending Jan 27 2024, within Semiconductors Industry Working Capital RatioJan 27 2024 MRQ Current AssetsJan 27 2024 MRQ Current Liabilities
Credo Technology Group Holding Ltd  12.72 $ 511.443  Millions$ 40.197  Millions
Power Integrations Inc   10.47 $ 511.600  Millions$ 48.867  Millions
Ideal Power Inc   9.79 $ 9.109  Millions$ 0.931  Millions
Ipg Photonics Corp  8.91 $ 1,914.654  Millions$ 214.861  Millions
Macom Technology Solutions Holdings Inc   7.24 $ 744.951  Millions$ 102.869  Millions
Rambus Inc   7.08 $ 630.645  Millions$ 89.121  Millions
Nlight Inc   6.73 $ 220.554  Millions$ 32.752  Millions
Cirrus Logic Inc   6.64 $ 1,185.385  Millions$ 178.594  Millions
Micropac Industries Inc   6.51 $ 30.733  Millions$ 4.723  Millions
Kulicke And Soffa Industries Inc   6.50 $ 1,177.653  Millions$ 181.288  Millions
Enphase Energy Inc   5.90 $ 2,443.518  Millions$ 414.149  Millions
Atomera Incorporated  5.35 $ 20.404  Millions$ 3.814  Millions
Pixelworks Inc  5.26 $ 64.725  Millions$ 12.297  Millions
Magnachip Semiconductor Corporation  5.23 $ 245.434  Millions$ 46.888  Millions
Skyworks Solutions Inc   5.02 $ 3,086.600  Millions$ 615.100  Millions
Applied Materials Inc  4.88 $ 19,182.000  Millions$ 3,929.000  Millions
Silicon Laboratories inc   4.57 $ 737.931  Millions$ 161.453  Millions
Ichor Holdings Ltd   4.48 $ 401.365  Millions$ 89.499  Millions
Formfactor inc   4.38 $ 573.780  Millions$ 131.095  Millions
Photronics Inc   4.36 $ 807.677  Millions$ 185.289  Millions
Nvidia Corp  4.17 $ 44,345.000  Millions$ 10,631.000  Millions
Navitas Semiconductor Corporation  4.14 $ 208.482  Millions$ 50.384  Millions
Gsi Technology Inc  3.91 $ 31.535  Millions$ 8.074  Millions
Viavi Solutions Inc   3.84 $ 965.300  Millions$ 251.300  Millions
Wolfspeed Inc   3.79 $ 2,541.700  Millions$ 671.200  Millions
Lattice Semiconductor Corp  3.78 $ 367.946  Millions$ 97.400  Millions
Solaredge Technologies Inc   3.70 $ 3,304.306  Millions$ 893.231  Millions
First Solar Inc   3.55 $ 4,634.809  Millions$ 1,306.158  Millions
Micron Technology Inc   3.53 $ 21,058.000  Millions$ 5,962.000  Millions
Stmicroelectronics N v   3.17 $ 11,807.000  Millions$ 3,730.000  Millions

Date modified: 2024-02-29T15:53:37+00:00



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