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Tantech Holdings Ltd  (TANH)
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Tantech Holdings Ltd's Working Capital Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2022, Working Capital Ratio deteriorated to 9.24 above company average Working Capital Ratio.

Within Chemical Manufacturing industry 5 other companies have achieved higher Working Capital Ratio than Tantech Holdings Ltd in forth quarter 2022. While total ranking remained the same in the IV Quarter 2022 compared to the third quarter 2022 at no. 623.

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


TANH Working Capital Ratio (Dec 31 2022)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2020)
IV. Quarter
Y / Y Current Liabilities Change -31.25 % -31.25 % -31.25 % -31.25 % -12.18 %
Y / Y Current Assets Change 30.35 % 30.35 % 30.35 % 30.35 % 20.16 %
Working Capital Ratio MRQ 9.24 9.24 9.24 9.24 4.87
TANH's Total Ranking # 623 # 623 # 598 # 593 # 0
Seq. Current Liabilities Change 0 % 0 % 0 % -31.25 % 0 %
Seq. Current Assets Change 0 % 0 % 0 % 30.35 % 0 %



Working Capital Ratio forth quarter 2022 Company Ranking
Within: No.
Chemical Manufacturing Industry # 6
Basic Materials Sector # 23
Overall Market # 623


Working Capital Ratio Statistics
High Average Low
9.24 4.69 3.17
(Dec 31 2022)   (Dec 31 2018)




Financial Statements
Tantech Holdings Ltd's Current Liabilities $ 12 Millions Visit TANH's Balance sheet
Tantech Holdings Ltd's Current Assets $ 107 Millions Visit TANH's Balance sheet
Source of TANH's Sales Visit TANH's Sales by Geography


Cumulative Tantech Holdings Ltd's Working Capital Ratio

TANH's Working Capital Ratio for the trailling 12 Months

TANH Working Capital Ratio

(Dec 31 2022)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2020)
IV. Quarter
Y / Y Current Liabilities TTM Growth -31.25 % -31.25 % -31.25 % -31.25 % -12.18 %
Y / Y Current Assets TTM Growth 30.35 % 30.35 % 30.35 % 30.35 % 20.16 %
Working Capital Ratio TTM 9.24 7.82 6.65 5.69 4.87
Total Ranking TTM # 568 # # # 1131 # 1284
Seq. Current Liabilities TTM Growth 0 % 0 % 0 % -31.25 % 0 %
Seq. Current Assets TTM Growth 0 % 0 % 0 % 30.35 % 0 %


On the trailing twelve months basis TANH Current Assets grew by 30.35 % in IV Quarter 2022 year on year, while Current Liabilities remained unchanged to $12 millions, this led to increase in in Tantech Holdings Ltd's Working Capital Ratio to 9.24, above TANH average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Chemical Manufacturing industry 88 other companies have achieved higher Working Capital Ratio than Tantech Holdings Ltd. While Working Capital Ratio overall ranking has improved so far to 439, from total ranking during the twelve months ending third quarter 2022 at 4737.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Chemical Manufacturing Industry # 89
Basic Materials Sector # 338
Within the Market # 623


trailing twelve months Working Capital Ratio Statistics
High Average Low
7.88 4.37 3.17
(Dec 31 2022)   (Dec 31 2018)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2022, within Chemical Manufacturing Industry Working Capital RatioDec 31 2022 MRQ Current AssetsDec 31 2022 MRQ Current Liabilities
Vision Energy Corporation  23.91 $ 4.199  Millions$ 0.176  Millions
Origin Materials Inc   17.27 $ 331.499  Millions$ 19.193  Millions
Gevo inc   16.33 $ 415.422  Millions$ 25.436  Millions
Gulf Resources Inc   10.14 $ 119.425  Millions$ 11.776  Millions
Tantech Holdings Ltd  9.24 $ 106.757  Millions$ 11.552  Millions
Rex American Resources Corporation  7.54 $ 372.644  Millions$ 49.419  Millions
Nl Industries inc   6.05 $ 193.968  Millions$ 32.052  Millions
Futurefuel Corp   4.88 $ 273.776  Millions$ 56.098  Millions
Loop Industries Inc   4.43 $ 35.471  Millions$ 8.015  Millions
Arq Inc   4.42 $ 105.662  Millions$ 23.884  Millions
Lsb Industries Inc   4.23 $ 601.269  Millions$ 142.308  Millions
Pure Bioscience Inc   4.19 $ 1.940  Millions$ 0.463  Millions
Perimeter Solutions Sa  4.16 $ 308.522  Millions$ 74.154  Millions
Codexis inc   4.14 $ 203.246  Millions$ 49.066  Millions
Xpel Inc   3.90 $ 106.821  Millions$ 27.402  Millions
Tomi Environmental Solutions Inc   3.80 $ 12.135  Millions$ 3.190  Millions
Kronos Worldwide inc   3.80 $ 1,242.200  Millions$ 326.700  Millions
Ashland Inc   3.72 $ 1,724.000  Millions$ 464.000  Millions
Westlake Chemical Partners Lp  3.67 $ 245.793  Millions$ 66.941  Millions
Livent Corporation  3.66 $ 544.000  Millions$ 148.700  Millions
Element Solutions Inc  3.45 $ 1,188.700  Millions$ 344.400  Millions
Sensient Technologies Corp  3.43 $ 934.780  Millions$ 272.153  Millions
Valhi inc   3.23 $ 1,589.500  Millions$ 492.800  Millions
Green Plains Partners Lp  3.16 $ 34.573  Millions$ 10.935  Millions
Flexible Solutions International Inc  3.01 $ 30.995  Millions$ 10.302  Millions
Csw Industrials Inc   2.95 $ 322.337  Millions$ 109.376  Millions
Hawkins Inc   2.83 $ 240.248  Millions$ 84.880  Millions
Newmarket Corporation  2.81 $ 1,192.125  Millions$ 423.887  Millions
Quaker Chemical Corporation  2.80 $ 994.137  Millions$ 354.786  Millions
Northern Technologies International Corporation  2.75 $ 39.892  Millions$ 14.483  Millions

Date modified: 2023-05-02T09:53:18+00:00



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