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Minerals Technologies Inc   (MTX)
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Minerals Technologies Inc 's Working Capital Ratio

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


Minerals Technologies Inc 's Current Assets grew by 0.44 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Minerals Technologies Inc 's Working Capital Ratio to 2.4, Working Capital Ratio remained below Minerals Technologies Inc average.

Within Chemical Manufacturing industry 16 other companies have achieved higher Working Capital Ratio than Minerals Technologies Inc in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 201 to 721.

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


MTX Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Oct 01 2023)
III. Quarter
(Jul 02 2023)
II. Quarter
(Apr 02 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -9.01 % -4.05 % 1.35 % 12.72 % 19.72 %
Y / Y Current Assets Change 2.66 % 1.93 % 1.15 % 2.26 % 4.08 %
Working Capital Ratio MRQ 2.4 2.31 2.29 2.17 2.13
MTX's Total Ranking # 721 # 201 # 2002 # 398 # 370
Seq. Current Liabilities Change -3.42 % 0.28 % -7.95 % 2.07 % 1.84 %
Seq. Current Assets Change 0.44 % 1.33 % -3.15 % 4.15 % -0.28 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Chemical Manufacturing Industry # 17
Basic Materials Sector # 63
Overall Market # 721


Working Capital Ratio Statistics
High Average Low
4.63 2.84 1.74
(Mar 30 2014)   (Jun 28 2020)




Financial Statements
Minerals Technologies Inc 's Current Liabilities $ 457 Millions Visit MTX's Balance sheet
Minerals Technologies Inc 's Current Assets $ 1,099 Millions Visit MTX's Balance sheet
Source of MTX's Sales Visit MTX's Sales by Geography


Cumulative Minerals Technologies Inc 's Working Capital Ratio

MTX's Working Capital Ratio for the trailling 12 Months

MTX Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Oct 01 2023)
III. Quarter
(Jul 02 2023)
II. Quarter
(Apr 02 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -9.01 % -4.05 % 1.35 % 12.72 % 19.72 %
Y / Y Current Assets TTM Growth 2.66 % 1.93 % 1.15 % 2.26 % 4.08 %
Working Capital Ratio TTM 2.29 2.22 2.19 2.19 2.24
Total Ranking TTM # 923 # 1634 # 1747 # 1867 # 2128
Seq. Current Liabilities TTM Growth -3.42 % 0.28 % -7.95 % 2.07 % 1.84 %
Seq. Current Assets TTM Growth 0.44 % 1.33 % -3.15 % 4.15 % -0.28 %


On the trailing twelve months basis MTX Current Assets improved by 2.66 % in IV Quarter 2023 year on year, while Current Liabilities decreased to $457 millions, this led to increase in in Minerals Technologies Inc 's Working Capital Ratio to 2.29, Working Capital Ratio remained below MTX average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Chemical Manufacturing industry 54 other companies have achieved higher Working Capital Ratio than Minerals Technologies Inc . While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 459 to 1616.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Chemical Manufacturing Industry # 55
Basic Materials Sector # 208
Within the Market # 721


trailing twelve months Working Capital Ratio Statistics
High Average Low
4.08 2.66 2.13
(March 31, 2014)   (Jun 28 2020)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Chemical Manufacturing Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Lanzatech Global Inc   6.22 $ 172.700  Millions$ 27.782  Millions
Perimeter Solutions Sa  4.56 $ 251.014  Millions$ 55.051  Millions
Gevo inc   4.23 $ 386.382  Millions$ 91.426  Millions
Xpel Inc   4.02 $ 146.454  Millions$ 36.472  Millions
Westlake Chemical Partners Lp  4.02 $ 226.203  Millions$ 56.335  Millions
Sensient Technologies Corp  3.96 $ 936.616  Millions$ 236.306  Millions
Arq Inc   3.75 $ 86.461  Millions$ 23.048  Millions
Element Solutions Inc  3.24 $ 1,197.500  Millions$ 369.400  Millions
Codexis inc   3.15 $ 112.875  Millions$ 35.830  Millions
Kronos Worldwide inc   3.01 $ 1,117.400  Millions$ 370.800  Millions
Tronox Holdings Plc  2.93 $ 2,135.000  Millions$ 729.000  Millions
Valhi inc   2.91 $ 1,475.400  Millions$ 507.100  Millions
Newmarket Corporation  2.85 $ 1,039.570  Millions$ 364.164  Millions
Csw Industrials Inc   2.77 $ 307.508  Millions$ 111.127  Millions
Cardinal Ethanol Llc  2.75 $ 148.705  Millions$ 54.011  Millions
Luxfer Holdings Plc  2.60 $ 168.800  Millions$ 64.800  Millions
Hawkins Inc   2.45 $ 195.004  Millions$ 79.678  Millions
Northern Technologies International Corporation  2.41 $ 38.269  Millions$ 15.854  Millions
Wd 40 Company  2.40 $ 237.657  Millions$ 98.820  Millions
Minerals Technologies Inc   2.40 $ 1,099.000  Millions$ 457.300  Millions
Westlake Corporation  2.37 $ 6,609.000  Millions$ 2,790.000  Millions
Rpm International Inc   2.33 $ 2,919.007  Millions$ 1,254.355  Millions
Valvoline Inc   2.24 $ 710.600  Millions$ 317.400  Millions
Balchem Corp  2.12 $ 314.242  Millions$ 148.491  Millions
Azz Inc   2.03 $ 392.728  Millions$ 193.547  Millions
Green Plains Inc   2.02 $ 732.730  Millions$ 362.054  Millions
Axalta Coating Systems Ltd   1.98 $ 2,821.300  Millions$ 1,427.500  Millions
Huntsman Corporation  1.97 $ 2,314.000  Millions$ 1,172.000  Millions
Ingevity Corporation  1.91 $ 658.600  Millions$ 344.200  Millions
Fuller H B Co  1.89 $ 1,312.103  Millions$ 692.811  Millions

Date modified: 2024-02-17T12:18:13+00:00



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