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Sono Tek Corp (NASDAQ: SOTK) |
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Sono Tek's Working Capital Ratio
SOTK's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
In the wake of the increase in Current Liabilities in the third quarter 2024, Working Capital Ratio fell to 2.99 below Sono Tek Corp average.
Within Industrial Machinery and Components industry only one company has achieved higher Working Capital Ratio in third quarter 2024. While Working Capital Ratio total ranking has improved so far during the Q3 2024 to 13, from total ranking in the second quarter 2024 at 31.
Explain Working Capital Ratio
How much Current Assetss SOTK´s has?
What are SOTK´s Current Liabilities?
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Select the Comparisons :
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Select the Ratio:
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| SOTK Working Capital Ratio |
(Nov 30 2024)
Q3 |
(Aug 31 2024)
Q2 |
(May 31 2024)
Q1 |
(Feb 29 2024)
Q4 |
(Nov 30 2023)
Q3 |
| Y / Y Current Liabilities Change |
90.59 % |
89.82 % |
8.86 % |
21.36 % |
-27.64 % |
| Y / Y Current Assets Change |
6.06 % |
3.42 % |
11.34 % |
13.1 % |
16.06 % |
| Working Capital Ratio MRQ |
2.99 |
3.33 |
2.87 |
2.83 |
5.38 |
| SOTK's Total
Ranking |
# 13 |
# 31 |
# 22 |
# 448 |
# 18 |
| Seq. Current Liabilities Change |
19.11 % |
-16.95 % |
1.01 % |
90.74 % |
18.63 % |
| Seq. Current Assets Change |
7.13 % |
-3.54 % |
2.32 % |
0.31 % |
4.46 % |
| Working Capital Ratio third quarter 2024 Company Ranking |
| Within: |
No. |
| Industrial Machinery and Components Industry |
# 2 |
| Capital Goods Sector |
# 2 |
| Overall Market |
# 13 |
| Working Capital Ratio Statistics |
| High |
Average |
Low |
| 6.11 |
3.85 |
2.48 |
| (Aug 31 2023) |
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(Nov 30 2020) |
Cumulative Sono Tek's Working Capital Ratio
SOTK's Working Capital Ratio for the trailling 12 Months
SOTK Working Capital Ratio |
(Nov 30 2024)
12 Months |
(Aug 31 2024)
12 Months |
(May 31 2024)
12 Months |
(Feb 29 2024)
12 Months |
(Nov 30 2023)
12 Months |
| Y / Y Current Liabilities TTM Growth |
90.59 % |
89.82 % |
8.86 % |
21.36 % |
-27.64 % |
| Y / Y Current Assets TTM Growth |
6.06 % |
3.42 % |
11.34 % |
13.1 % |
16.06 % |
| Working Capital Ratio TTM |
2.99 |
3.36 |
3.78 |
3.78 |
3.91 |
| Total
Ranking TTM |
# 81
| # 105
| # 62
| # 2921
| # 69
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| Seq. Current Liabilities TTM Growth |
19.11 % |
-16.95 % |
1.01 % |
90.74 % |
18.63 % |
| Seq. Current Assets TTM Growth |
7.13 % |
-3.54 % |
2.32 % |
0.31 % |
4.46 % |
On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2024 to $6.62 millions, cumulative Working Capital Ratio decreased to 2.99 below the Sono Tek Corp average Working Capital Ratio. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Industrial Machinery and Components industry 3 other companies have achieved higher Working Capital Ratio than Sono Tek. While Working Capital Ratio overall ranking has improved so far to 81, from total ranking during the twelve months ending second quarter 2024 at 105.
Explain Working Capital Ratio
How much Current Assetss SOTK´s has?
What are SOTK´s Current Liabilities?
| TTM Working Capital Ratio Company Ranking |
| Within: |
No. |
| Within the Industrial Machinery and Components Industry |
# 4 |
| Capital Goods Sector |
# 8 |
| Within the Market |
# 81 |
| trailing twelve months Working Capital Ratio Statistics |
| High |
Average |
Low |
| 4.91 |
3.6 |
2.76 |
| (Feb 28 2017) |
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(Nov 30 2020) |
| Companies with similar Working Capital Ratio in the quarter ending Nov 30 2024, within Industrial Machinery and Components Industry | Working Capital Ratio | Nov 30 2024 MRQ Current Assets | Nov 30 2024 MRQ Current Liabilities | | Taylor Devices Inc | 6.88 | $ 48.577 Millions | $ 7.063 Millions | | Lindsay Corporation | 3.87 | $ 502.144 Millions | $ 129.849 Millions | | Sono Tek Corp | 2.99 | $ 19.821 Millions | $ 6.619 Millions | | Enerpac Tool Group Corp | 2.92 | $ 349.770 Millions | $ 119.942 Millions | | Greystone Logistics Inc | 2.05 | $ 13.629 Millions | $ 6.642 Millions |
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Date modified: 2025-01-13T17:57:14+00:00
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