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Shopify Inc   (SHOP)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Shopify Inc 's Working Capital Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 6.99 below Shopify Inc 's average Working Capital Ratio.

Within Software & Programming industry Shopify Inc booked the highest Working Capital Ratio than Shopify Inc in the forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 61, from total ranking in the third quarter 2023 at 229.

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


SHOP Working Capital Ratio (Dec 31 2023)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2021)
IV. Quarter
Y / Y Current Liabilities Change 27.79 % 27.79 % 27.79 % 27.79 % 60.32 %
Y / Y Current Assets Change -26.52 % -26.52 % -26.52 % -26.52 % 24.16 %
Working Capital Ratio MRQ 6.99 6.99 6.99 6.99 12.15
SHOP's Total Ranking # 61 # 229 # 229 # 229 #
Seq. Current Liabilities Change 0 % 0 % 0 % 27.79 % 0 %
Seq. Current Assets Change 0 % 0 % 0 % -26.52 % 0 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 0
Technology Sector # 10
Overall Market # 61


Working Capital Ratio Statistics
High Average Low
21.4 11.59 5.44
(Dec 31 2018)   (Dec 31 2015)




Financial Statements
Shopify Inc 's Current Liabilities $ 898 Millions Visit SHOP's Balance sheet
Shopify Inc 's Current Assets $ 6,275 Millions Visit SHOP's Balance sheet
Source of SHOP's Sales Visit SHOP's Sales by Geography


Cumulative Shopify Inc 's Working Capital Ratio

SHOP's Working Capital Ratio for the trailling 12 Months

SHOP Working Capital Ratio

(Dec 31 2023)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2021)
IV. Quarter
Y / Y Current Liabilities TTM Growth 27.79 % 27.79 % 27.79 % 27.79 % 60.32 %
Y / Y Current Assets TTM Growth -26.52 % -26.52 % -26.52 % -26.52 % 24.16 %
Working Capital Ratio TTM 6.99 8.06 9.25 10.61 12.15
Total Ranking TTM # 59 # 1751 # 1752 # 1750 #
Seq. Current Liabilities TTM Growth 0 % 0 % 0 % 27.79 % 0 %
Seq. Current Assets TTM Growth 0 % 0 % 0 % -26.52 % 0 %


On the trailing twelve months basis Due to unchange in Current Liabilities in the IV Quarter 2023 to $898.00 millions, cumulative Working Capital Ratio decreased to 6.99 below the Shopify Inc average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry just one company has achieved higher Working Capital Ratio during the twelve months ending in the Dec 31 2023. While Working Capital Ratio overall ranking has improved so far to 59, from total ranking during the twelve months ending third quarter 2023 at 1751.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 2
Technology Sector # 14
Within the Market # 59


trailing twelve months Working Capital Ratio Statistics
High Average Low
15.69 11.06 5.44
(Dec 31 2020)   (Dec 31 2015)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Software & Programming Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Mobileye Global inc   11.87 $ 2,066.000  Millions$ 174.000  Millions
Upland Software Inc   11.76 $ 300.233  Millions$ 25.533  Millions
Okta Inc   10.14 $ 2,980.000  Millions$ 294.000  Millions
C3 ai Inc   8.48 $ 926.027  Millions$ 109.179  Millions
Cs Disco Inc   8.32 $ 192.339  Millions$ 23.118  Millions
Shopify Inc   6.99 $ 6,275.000  Millions$ 898.000  Millions
Beamr Imaging Ltd   6.70 $ 6.845  Millions$ 1.021  Millions
Twilio Inc   6.64 $ 4,903.972  Millions$ 738.297  Millions
Destiny Media Technologies Inc   6.12 $ 2.595  Millions$ 0.424  Millions
Varonis Systems Inc   6.10 $ 767.157  Millions$ 125.729  Millions
Palantir Technologies Inc   5.55 $ 4,138.618  Millions$ 746.018  Millions
Alarm com Holdings Inc   5.46 $ 956.780  Millions$ 175.337  Millions
Red Cat Holdings Inc   5.34 $ 27.942  Millions$ 5.228  Millions
Golden Matrix Group Inc   5.16 $ 24.194  Millions$ 4.693  Millions
Clearwater Analytics Holdings Inc   5.15 $ 415.996  Millions$ 80.792  Millions
Soundhound Ai Inc   4.69 $ 113.542  Millions$ 24.223  Millions
Mongodb Inc   4.40 $ 2,483.636  Millions$ 564.220  Millions
Clear Secure Inc   4.38 $ 770.034  Millions$ 175.796  Millions
Fastly Inc   4.29 $ 463.673  Millions$ 107.968  Millions
Veeva Systems Inc   4.24 $ 5,003.211  Millions$ 1,178.883  Millions
Pdf Solutions Inc  4.14 $ 197.848  Millions$ 47.744  Millions
Freshworks Inc   4.14 $ 1,355.546  Millions$ 327.214  Millions
Marqeta Inc   4.13 $ 1,388.698  Millions$ 336.579  Millions
Appfolio Inc   3.90 $ 272.357  Millions$ 69.766  Millions
Playstudios Inc   3.80 $ 174.883  Millions$ 46.025  Millions
Alkami Technology Inc   3.77 $ 148.585  Millions$ 39.430  Millions
Atlassian Corporation  3.66 $ 2,271.541  Millions$ 620.846  Millions
N able Inc   3.59 $ 224.791  Millions$ 62.628  Millions
Fingermotion Inc   3.57 $ 17.435  Millions$ 4.889  Millions
Cloudflare Inc   3.50 $ 1,983.077  Millions$ 567.084  Millions

Date modified: 2024-02-13T17:21:06+00:00



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