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Tactile Systems Technology Inc   (TCMD)
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Tactile Systems Technology Inc 's Working Capital Ratio

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


Current Liabilities decreased faster than Tactile Systems Technology Inc 's Current Assets, this led to improvement in Tactile Systems Technology Inc 's Working Capital Ratio to 3.8, Working Capital Ratio remained below Tactile Systems Technology Inc average.

Within Medical Equipment & Supplies industry 22 other companies have achieved higher Working Capital Ratio than Tactile Systems Technology Inc in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 411, from total ranking in the third quarter 2023 at 424.

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


TCMD Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -40.54 % -18.04 % 4.24 % 27.64 % 86.67 %
Y / Y Current Assets Change 21.32 % 29.88 % 39.42 % 40.87 % 5.47 %
Working Capital Ratio MRQ 3.8 3.33 3.08 2.83 1.86
TCMD's Total Ranking # 411 # 424 # 959 # 1571 # 833
Seq. Current Liabilities Change -16.15 % -5.98 % -5.61 % -20.09 % 15.57 %
Seq. Current Assets Change -4.22 % 1.43 % 2.84 % 21.43 % 2.54 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 23
Healthcare Sector # 114
Overall Market # 411


Working Capital Ratio Statistics
High Average Low
6.49 4.44 1.86
(Jun 30 2018)   (Dec 31 2022)




Financial Statements
Tactile Systems Technology Inc 's Current Liabilities $ 38 Millions Visit TCMD's Balance sheet
Tactile Systems Technology Inc 's Current Assets $ 145 Millions Visit TCMD's Balance sheet
Source of TCMD's Sales Visit TCMD's Sales by Geography


Cumulative Tactile Systems Technology Inc 's Working Capital Ratio

TCMD's Working Capital Ratio for the trailling 12 Months

TCMD Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -40.54 % -18.04 % 4.24 % 27.64 % 86.67 %
Y / Y Current Assets TTM Growth 21.32 % 29.88 % 39.42 % 40.87 % 5.47 %
Working Capital Ratio TTM 3.22 2.7 2.42 2.24 2.16
Total Ranking TTM # 188 # 1668 # 2304 # 782 # 1647
Seq. Current Liabilities TTM Growth -16.15 % -5.98 % -5.61 % -20.09 % 15.57 %
Seq. Current Assets TTM Growth -4.22 % 1.43 % 2.84 % 21.43 % 2.54 %


On the trailing twelve months basis TCMD Current Assets grew by 21.32 % in IV Quarter 2023 year on year, while Current Liabilities faded to $38 millions, this led to increase in in Tactile Systems Technology Inc 's Working Capital Ratio to 3.22, Working Capital Ratio remained below TCMD average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry 14 other companies have achieved higher Working Capital Ratio than Tactile Systems Technology Inc . While Working Capital Ratio overall ranking has improved so far to 188, from total ranking during the twelve months ending third quarter 2023 at 1668.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 15
Healthcare Sector # 70
Within the Market # 188


trailing twelve months Working Capital Ratio Statistics
High Average Low
5.7 4.23 2.16
(Sep 30 2018)   (Dec 31 2022)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Orasure Technologies Inc  9.77 $ 386.459  Millions$ 39.536  Millions
Si bone inc   9.59 $ 211.394  Millions$ 22.040  Millions
Fonar Corporation  9.35 $ 132.542  Millions$ 14.179  Millions
Innovative Eyewear Inc   8.99 $ 5.617  Millions$ 0.625  Millions
Orchestra Biomed Holdings Inc   8.44 $ 89.114  Millions$ 10.559  Millions
Nexalin Technology Inc   8.15 $ 3.430  Millions$ 0.421  Millions
Silk Road Medical Inc   7.95 $ 240.835  Millions$ 30.283  Millions
Procept Biorobotics Corporation  7.63 $ 350.567  Millions$ 45.927  Millions
Inspire Medical Systems inc   7.60 $ 593.739  Millions$ 78.105  Millions
Inspiremd Inc   7.34 $ 44.159  Millions$ 6.020  Millions
Orthopediatrics Corp  7.19 $ 226.496  Millions$ 31.517  Millions
Profound Medical Corp   6.58 $ 41.896  Millions$ 6.366  Millions
Lemaitre Vascular Inc   6.51 $ 194.598  Millions$ 29.879  Millions
Pulmonx Corporation  6.50 $ 150.422  Millions$ 23.157  Millions
The Beauty Health Company  6.07 $ 698.252  Millions$ 115.008  Millions
Penumbra Inc   6.06 $ 915.402  Millions$ 151.144  Millions
Zynex inc   6.01 $ 87.855  Millions$ 14.607  Millions
Electromed Inc   5.97 $ 39.265  Millions$ 6.573  Millions
Merit Medical Systems Inc  5.79 $ 1,108.470  Millions$ 191.477  Millions
Tandem Diabetes Care Inc   5.57 $ 747.989  Millions$ 134.204  Millions
Apyx Medical Corporation  5.52 $ 70.362  Millions$ 12.740  Millions
Glaukos Corp  5.34 $ 395.461  Millions$ 74.014  Millions
Anika Therapeutics Inc   5.26 $ 163.309  Millions$ 31.059  Millions
Monogram Orthopaedics inc   5.19 $ 14.618  Millions$ 2.818  Millions
Nephros Inc   5.04 $ 8.405  Millions$ 1.667  Millions
Neuronetics inc   4.95 $ 93.793  Millions$ 18.967  Millions
Globus Medical Inc   4.88 $ 1,915.374  Millions$ 392.347  Millions
Clearpoint Neuro Inc   4.87 $ 36.172  Millions$ 7.430  Millions
Artivion Inc   4.85 $ 280.668  Millions$ 57.862  Millions
Intuitive Surgical Inc   4.76 $ 7,888.000  Millions$ 1,658.700  Millions

Date modified: 2024-02-21T12:03:18+00:00



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