CSIMarket
 


Sp Plus Corporation  (SP)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services

Sp Plus's Working Capital Ratio

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


Sp Plus's Current Assets grew by 8.86 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Sp Plus's Working Capital Ratio to 0.69, Working Capital Ratio remained below Sp Plus Corporation average.

Within Rental & Leasing industry 16 other companies have achieved higher Working Capital Ratio than Sp Plus in third quarter 2023. While Working Capital Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 2898 to 3871.

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


SP Working Capital Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 7.6 % 3.8 % -0.22 % 3.25 % 2.87 %
Y / Y Current Assets Change 26.88 % 14.35 % 19.28 % 4.96 % 5.62 %
Working Capital Ratio MRQ 0.69 0.67 0.65 0.57 0.58
SP's Total Ranking # 3871 # 2898 # 3889 # 2174 # 4387
Seq. Current Liabilities Change 5.41 % 2.07 % -7.31 % 7.88 % 1.69 %
Seq. Current Assets Change 8.86 % 5.24 % 4.67 % 5.81 % -1.9 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Rental & Leasing Industry # 17
Services Sector # 450
Overall Market # 3871


Working Capital Ratio Statistics
High Average Low
1 0.72 0.43
(Sep 30 2012)   (Jun 30 2020)




Financial Statements
Sp Plus's Current Liabilities $ 343 Millions Visit SP's Balance sheet
Sp Plus's Current Assets $ 236 Millions Visit SP's Balance sheet
Source of SP's Sales Visit SP's Sales by Geography


Cumulative Sp Plus's Working Capital Ratio

SP's Working Capital Ratio for the trailling 12 Months

SP Working Capital Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 7.6 % 3.8 % -0.22 % 3.25 % 2.87 %
Y / Y Current Assets TTM Growth 26.88 % 14.35 % 19.28 % 4.96 % 5.62 %
Working Capital Ratio TTM 0.64 0.62 0.6 0.58 0.57
Total Ranking TTM # 3381 # 3588 # 3804 # 4439 # 4231
Seq. Current Liabilities TTM Growth 5.41 % 2.07 % -7.31 % 7.88 % 1.69 %
Seq. Current Assets TTM Growth 8.86 % 5.24 % 4.67 % 5.81 % -1.9 %


On the trailing twelve months basis SP Current Assets grew by 26.88 % in III Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Sp Plus's Working Capital Ratio to 0.64, Working Capital Ratio remained below SP average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Rental & Leasing industry 14 other companies have achieved higher Working Capital Ratio than Sp Plus. While Working Capital Ratio overall ranking has improved so far to 3969, from total ranking during the twelve months ending second quarter 2023 at 4126.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Rental & Leasing Industry # 15
Services Sector # 534
Within the Market # 3871


trailing twelve months Working Capital Ratio Statistics
High Average Low
0.86 0.69 0.47
(Dec 31 2018)   (Mar 31 2021)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Rental & Leasing Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Agiliti Inc De   1.63 $ 344.196  Millions$ 211.700  Millions
Herc Holdings Inc   1.36 $ 729.000  Millions$ 538.000  Millions
Chart Industries Inc  1.25 $ 2,255.800  Millions$ 1,802.800  Millions
Aercap Holdings n v   1.11 $ 1,997.544  Millions$ 1,793.058  Millions
Willscot Mobile Mini Holdings Corp   1.04 $ 569.205  Millions$ 546.933  Millions
United Rentals Inc   0.81 $ 2,978.000  Millions$ 3,673.000  Millions
Avis Budget Group Inc   0.81 $ 2,226.000  Millions$ 2,763.000  Millions
Sp Plus Corporation  0.69 $ 236.000  Millions$ 342.700  Millions
Mcgrath Rentcorp  0.69 $ 226.215  Millions$ 328.544  Millions
The Aarons Company Inc   0.64 $ 162.398  Millions$ 253.400  Millions
Ryder System Inc   0.53 $ 2,112.000  Millions$ 3,987.000  Millions
Upbound Group Inc   0.50 $ 216.035  Millions$ 431.976  Millions
Getaround Inc   0.50 $ 34.079  Millions$ 68.578  Millions
Air Lease Corporation  0.37 $ 515.734  Millions$ 1,400.890  Millions
Brewbilt Manufacturing Inc   0.17 $ 0.895  Millions$ 5.420  Millions
Commonwealth Income and Growth Fund Vi  0.14 $ 0.093  Millions$ 0.652  Millions

Date modified: 2023-11-03T16:31:38+00:00



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright Đ 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com