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Presto Automation inc   (PRST)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Presto Automation Inc 's Working Capital Ratio

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


In the wake of the increase in Current Liabilities in the first quarter 2023, Working Capital Ratio fell to 0.29 below Presto Automation Inc average.

Within Software & Programming industry 191 other companies have achieved higher Working Capital Ratio than Presto Automation Inc in first quarter 2023. While Working Capital Ratio total ranking has improved so far during the I Quarter 2023 to 4118, from total ranking in the forth quarter 2023 at 4254.

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


PRST Working Capital Ratio (Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 146.49 % 2389.09 % 2771.07 % 614.38 % 796.58 %
Y / Y Current Assets Change -73.86 % 6425.31 % 9128.01 % 7639.68 % 9692.47 %
Working Capital Ratio MRQ 0.29 0.51 0.53 3.43 2.7
PRST's Total Ranking # 4118 # 4254 # 4367 # 1594 # 1896
Seq. Current Liabilities Change 3.69 % -8.18 % 372.03 % -45.15 % 947.07 %
Seq. Current Assets Change -41.55 % -11.75 % -27.38 % -30.21 % 14489.62 %



Working Capital Ratio first quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 192
Technology Sector # 588
Overall Market # 4118


Working Capital Ratio Statistics
High Average Low
3.43 0.85 0.15
(Dec 31 2022)   (Dec 31 2020)




Financial Statements
Presto Automation Inc 's Current Liabilities $ 63 Millions Visit PRST's Balance sheet
Presto Automation Inc 's Current Assets $ 18 Millions Visit PRST's Balance sheet
Source of PRST's Sales Visit PRST's Sales by Geography


Cumulative Presto Automation Inc 's Working Capital Ratio

PRST's Working Capital Ratio for the trailling 12 Months

PRST Working Capital Ratio

(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 146.49 % 2389.09 % 2771.07 % 614.38 % 796.58 %
Y / Y Current Assets TTM Growth -73.86 % 6425.31 % 9128.01 % 7639.68 % 9692.47 %
Working Capital Ratio TTM 0.65 1.1 1.41 2.66 2.18
Total Ranking TTM # 3284 # 3617 # 4223 # 4097 # 3717
Seq. Current Liabilities TTM Growth 3.69 % -8.18 % 372.03 % -45.15 % 947.07 %
Seq. Current Assets TTM Growth -41.55 % -11.75 % -27.38 % -30.21 % 14489.62 %


  News about Presto Automation inc Working Capital Ratio

Presto Automation Announces $2.1M Registered Direct Offering, While Working Capital Ratio Falls Below Industry Average in Q1 2023

Presto Automation's Working Capital Ratio falls below industry average in Q1 2023
In the wake of an increase in Current Liabilities, Presto Automation Inc's Working Capital Ratio dropped to 0.29 below its average. This decline in the ratio is concerning as it indicates a strain on the company's ability to meet short-term obligations. To put this in perspective, 191 other companies within the industry have managed to maintain a higher Working Capital Ratio in the first quarter of 2023.
However, there is a glimmer of hope for Presto Automation Inc as its current Working Capital Ratio is higher than the previous quarter, standing at 0.51 and now ranking at 4254 compared to other companies. This improvement in ranking signifies a positive trend for the company.


On the trailing twelve months basis Due to rise in Current Liabilities in the I Quarter 2023 to $63.47 millions, cumulative Working Capital Ratio decreased to 0.65 below the average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 156 other companies have achieved higher Working Capital Ratio than Presto Automation Inc . While Working Capital Ratio overall ranking has improved so far to 3284, from total ranking during the twelve months ending forth quarter 2023 at 3617.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 157
Technology Sector # 518
Within the Market # 3284


trailing twelve months Working Capital Ratio Statistics
High Average Low
2.47 1.08 0.23
(Dec 31 2022)   (Jun 30 2022)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Software & Programming Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Bridgeline Digital Inc   0.77 $ 3.659  Millions$ 4.749  Millions
Ptc Inc   0.76 $ 1,277.366  Millions$ 1,671.185  Millions
Audioeye inc   0.76 $ 8.343  Millions$ 11.016  Millions
Autodesk Inc   0.75 $ 2,939.000  Millions$ 3,912.000  Millions
Microstrategy Incorporated  0.75 $ 199.565  Millions$ 267.721  Millions
2u inc   0.74 $ 233.971  Millions$ 314.634  Millions
Upay Inc   0.74 $ 0.731  Millions$ 0.988  Millions
Backblaze Inc   0.74 $ 44.883  Millions$ 60.975  Millions
Rubicon Technologies Inc   0.68 $ 165.362  Millions$ 244.487  Millions
Snail Inc   0.67 $ 35.755  Millions$ 53.484  Millions
Synopsys Inc   0.67 $ 1,991.711  Millions$ 2,985.451  Millions
Secureworks Corp   0.64 $ 127.643  Millions$ 198.763  Millions
Domo Inc   0.63 $ 136.270  Millions$ 216.890  Millions
Squarespace Inc   0.62 $ 340.824  Millions$ 545.434  Millions
Blackbaud Inc   0.62 $ 579.406  Millions$ 937.600  Millions
Elys Game Technology Corp   0.61 $ 8.169  Millions$ 13.316  Millions
Soundthinking Inc   0.59 $ 34.280  Millions$ 57.988  Millions
Vertex Inc   0.55 $ 238.103  Millions$ 433.106  Millions
Apptech Payments Corp   0.54 $ 0.828  Millions$ 1.528  Millions
Freeze Tag Inc   0.52 $ 0.548  Millions$ 1.054  Millions
Savmobi Technology Inc   0.47 $ 3.349  Millions$ 7.131  Millions
Good Gaming Inc   0.45 $ 0.237  Millions$ 0.531  Millions
Andretti Acquisition Corp   0.41 $ 0.356  Millions$ 0.867  Millions
Umeworld Limited  0.41 $ 0.071  Millions$ 0.172  Millions
Motorsport Games Inc   0.36 $ 2.850  Millions$ 7.964  Millions
Presto Automation inc   0.29 $ 18.157  Millions$ 63.470  Millions
Leddartech Holdings Inc   0.28 $ 10.339  Millions$ 37.230  Millions
Rego Payment Architectures Inc   0.21 $ 7.692  Millions$ 37.257  Millions
Citrine Global Corp  0.17 $ 0.400  Millions$ 2.408  Millions
Mobivity Holdings Corp   0.15 $ 1.073  Millions$ 6.968  Millions

Date modified: 2024-02-21T20:38:15+00:00



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