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Tortec Group Corporation  (GCNG)
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    Sector  Capital Goods    Industry Construction Services

Tortec Group's Working Capital Ratio

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


Tortec Group's Current Assets grew by 1048.1 % in the II Quarter 2022 sequentially, faster than Current Liabilities, this led to improvement in Tortec Group's Working Capital Ratio to 0.04, Working Capital Ratio remained below Tortec Group Corporation average.

Within Construction Services industry 75 other companies have achieved higher Working Capital Ratio than Tortec Group in second quarter 2022. While Working Capital Ratio total ranking has improved so far during the II Quarter 2022 to 6342, from total ranking in the first quarter 2022 at 6516.

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


GCNG Working Capital Ratio (Sep 30 2022)
II. Quarter
(Jun 30 2022)
I. Quarter
(Mar 31 2022)
IV. Quarter
(Dec 31 2021)
III. Quarter
(Sep 30 2021)
II. Quarter
Y / Y Current Liabilities Change -1.55 % 7.92 % 201.54 % -93.97 % -93.96 %
Y / Y Current Assets Change -42.63 % -98.86 % -96.12 % -98.22 % -81.7 %
Working Capital Ratio MRQ 0.04 0 0.01 0.01 0.07
GCNG's Total Ranking # 6342 # 6516 # 6260 # 1811 # 6264
Seq. Current Liabilities Change 2.24 % -62.01 % 128.79 % 10.78 % 12.08 %
Seq. Current Assets Change 1048.1 % -81.28 % 141.14 % -88.93 % -77.13 %



Working Capital Ratio second quarter 2022 Company Ranking
Within: No.
Construction Services Industry # 76
Capital Goods Sector # 339
Overall Market # 6342


Working Capital Ratio Statistics
High Average Low
10.49 1.03 0
(Dec 31 2017)   (Jun 30 2022)




Financial Statements
Tortec Group's Current Liabilities $ 0 Millions Visit GCNG's Balance sheet
Tortec Group's Current Assets $ 0 Millions Visit GCNG's Balance sheet
Source of GCNG's Sales Visit GCNG's Sales by Geography


Cumulative Tortec Group's Working Capital Ratio

GCNG's Working Capital Ratio for the trailling 12 Months

GCNG Working Capital Ratio

(Sep 30 2022)
II. Quarter
(Jun 30 2022)
I. Quarter
(Mar 31 2022)
IV. Quarter
(Dec 31 2021)
III. Quarter
(Sep 30 2021)
II. Quarter
Y / Y Current Liabilities TTM Growth -1.55 % 7.92 % 201.54 % -93.97 % -93.96 %
Y / Y Current Assets TTM Growth -42.63 % -98.86 % -96.12 % -98.22 % -81.7 %
Working Capital Ratio TTM 0.01 0.02 0.07 0.22 0.06
Total Ranking TTM # 5649 # 0 # 5343 # 5438 # 5771
Seq. Current Liabilities TTM Growth 2.24 % -62.01 % 128.79 % 10.78 % 12.08 %
Seq. Current Assets TTM Growth 1048.1 % -81.28 % 141.14 % -88.93 % -77.13 %


On the trailing twelve months basis In spite of the year on year decrease in GCNG's Current Liabilities to $0.02 millions, cumulative Working Capital Ratio to 0.01 below the GCNG average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Construction Services industry 75 other companies have achieved higher Working Capital Ratio than Tortec Group. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2022 from 0 to 5649.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Construction Services Industry # 76
Capital Goods Sector # 339
Within the Market # 5649


trailing twelve months Working Capital Ratio Statistics
High Average Low
10.49 1.03 0
(Dec 31 2017)   (Jun 30 2022)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2022, within Construction Services Industry Working Capital RatioSep 30 2022 MRQ Current AssetsSep 30 2022 MRQ Current Liabilities
International Land Alliance Inc   0.08 $ 0.457  Millions$ 6.054  Millions
Monterey Capital Acquisition Corporation  0.07 $ 0.073  Millions$ 1.009  Millions
United Homes Group Inc   0.06 $ 0.148  Millions$ 2.614  Millions
Tortec Group Corporation  0.04 $ 0.001  Millions$ 0.023  Millions

Date modified: 2023-03-24T11:19:46+00:00



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