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Novelis Inc   (NVLCN)
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Novelis Inc 's Working Capital Ratio

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


Current Liabilities decreased faster than Novelis Inc 's Current Assets, this led to improvement in Novelis Inc 's Working Capital Ratio to 1.31, above Novelis Inc average Working Capital Ratio.

Within Miscellaneous Fabricated Products industry 14 other companies have achieved higher Working Capital Ratio than Novelis Inc in third quarter 2023. While Working Capital Ratio total ranking has improved so far during the III Quarter 2023 to 908, from total ranking in the second quarter 2023 at 1872.

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


NVLCN Working Capital Ratio (Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Current Liabilities Change -9.04 % -14.8 % -19.7 % -24.61 % -8.77 %
Y / Y Current Assets Change -12.02 % -19.19 % -19.55 % -13.9 % 0.7 %
Working Capital Ratio MRQ 1.31 1.29 1.36 1.32 1.36
NVLCN's Total Ranking # 908 # 1872 # 1308 # 1927 # 1702
Seq. Current Liabilities Change -6.82 % -0.66 % -1.71 % -0.02 % -12.72 %
Seq. Current Assets Change -4.97 % -5.92 % 1.39 % -2.94 % -12.71 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 15
Basic Materials Sector # 89
Overall Market # 908


Working Capital Ratio Statistics
High Average Low
1.84 1.27 1.01
(Mar 31 2020)   (Sep 30 2015)




Financial Statements
Novelis Inc 's Current Liabilities $ 4,457 Millions Visit NVLCN's Balance sheet
Novelis Inc 's Current Assets $ 5,856 Millions Visit NVLCN's Balance sheet
Source of NVLCN's Sales Visit NVLCN's Sales by Geography


Cumulative Novelis Inc 's Working Capital Ratio

NVLCN's Working Capital Ratio for the trailling 12 Months

NVLCN Working Capital Ratio

(Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth -9.04 % -14.8 % -19.7 % -24.61 % -8.77 %
Y / Y Current Assets TTM Growth -12.02 % -19.19 % -19.55 % -13.9 % 0.7 %
Working Capital Ratio TTM 1.32 1.33 1.35 1.35 1.3
Total Ranking TTM # 1416 # 2508 # 2648 # # 3352
Seq. Current Liabilities TTM Growth -6.82 % -0.66 % -1.71 % -0.02 % -12.72 %
Seq. Current Assets TTM Growth -4.97 % -5.92 % 1.39 % -2.94 % -12.71 %


On the trailing twelve months basis In spite of the year on year decrease in NVLCN's Current Liabilities to $4,457.00 millions, cumulative Working Capital Ratio to 1.32 below the NVLCN average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Miscellaneous Fabricated Products industry 33 other companies have achieved higher Working Capital Ratio than Novelis Inc . While Working Capital Ratio overall ranking has improved so far to 1214, from total ranking during the twelve months ending second quarter 2023 at 1367.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Miscellaneous Fabricated Products Industry # 34
Basic Materials Sector # 192
Within the Market # 908


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.61 1.32 1.03
(Mar 31 2020)   (Dec 31 2015)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Miscellaneous Fabricated Products Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Enpro Inc   3.31 $ 650.300  Millions$ 196.400  Millions
Mueller Water Products Inc   3.29 $ 729.400  Millions$ 221.600  Millions
Oil States International Inc  3.10 $ 487.997  Millions$ 157.270  Millions
Franklin Electric Co Inc   2.97 $ 853.795  Millions$ 287.039  Millions
Janus International Group Inc   2.66 $ 463.100  Millions$ 174.100  Millions
Newpark Resources Inc   2.62 $ 357.224  Millions$ 136.284  Millions
Regal Rexnord Corporation  2.55 $ 3,384.000  Millions$ 1,326.400  Millions
Valmont Industries Inc   2.47 $ 1,787.629  Millions$ 723.102  Millions
Griffon Corporation  2.46 $ 962.606  Millions$ 391.679  Millions
Quanex Building Products Corporation  2.43 $ 252.995  Millions$ 104.084  Millions
Crane Company  2.34 $ 1,090.800  Millions$ 467.100  Millions
Superior Drilling Products Inc   2.29 $ 8.756  Millions$ 3.817  Millions
Barnes Group Inc   2.29 $ 906.720  Millions$ 396.610  Millions
Generac Holdings Inc   2.27 $ 1,997.692  Millions$ 880.771  Millions
Baker Hughes Company  2.19 $ 16,301.000  Millions$ 7,449.000  Millions
Crane Nxt Co   1.93 $ 644.400  Millions$ 334.400  Millions
Matthews International Corp  1.88 $ 658.063  Millions$ 349.203  Millions
Howmet Aerospace Inc   1.86 $ 3,316.000  Millions$ 1,784.000  Millions
Weatherford International Plc  1.84 $ 3,345.000  Millions$ 1,820.000  Millions
Solaris Oilfield Infrastructure inc   1.80 $ 67.141  Millions$ 37.201  Millions
Timken Co  1.79 $ 2,634.900  Millions$ 1,471.300  Millions
Greif Inc   1.67 $ 1,475.400  Millions$ 882.700  Millions
Apogee Enterprises Inc   1.57 $ 372.459  Millions$ 236.575  Millions
Novelis Inc   1.31 $ 5,856.000  Millions$ 4,457.000  Millions
American Superconductor Corp  1.29 $ 100.199  Millions$ 77.551  Millions
Innovate Corp   1.25 $ 517.900  Millions$ 413.800  Millions
Technipfmc Plc  1.16 $ 5,195.400  Millions$ 4,468.600  Millions
Parker hannifin Corporation  0.90 $ 6,729.860  Millions$ 7,497.073  Millions
Tredegar Corporation  0.71 $ 176.677  Millions$ 249.104  Millions

Date modified: 2024-02-12T17:02:59+00:00



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