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Torm Plc's Working Capital Ratio
TRMD'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 0.78 above company average Working Capital Ratio.
Within Marine Transportation industry 34 other companies have achieved higher Working Capital Ratio than Torm Plc in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 3273 to 3934.
Explain Working Capital Ratio
How much Current Assetss TRMD´s has?
What are TRMD´s Current Liabilities?
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Select the Comparisons :
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Select the Ratio:
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| TRMD Working Capital Ratio |
(Dec 31 2023)
Q4 |
0
Q3 |
0
Q2 |
0
Q1 |
(Dec 31 2022)
Q4 |
| Y / Y Current Liabilities Change |
4.36 % |
4.36 % |
4.36 % |
4.36 % |
-25.15 % |
| Y / Y Current Assets Change |
-6.55 % |
-6.55 % |
-6.55 % |
-6.55 % |
103.6 % |
| Working Capital Ratio MRQ |
0.78 |
0.78 |
0.78 |
0.78 |
0.87 |
| TRMD's Total
Ranking |
# 3934 |
# 3273 |
# 3129 |
# 3270 |
# 3182 |
| Seq. Current Liabilities Change |
0 % |
0 % |
0 % |
4.36 % |
0 % |
| Seq. Current Assets Change |
0 % |
0 % |
0 % |
-6.55 % |
0 % |
| Working Capital Ratio forth quarter 2023 Company Ranking |
| Within: |
No. |
| Marine Transportation Industry |
# 35 |
| Transportation Sector |
# 80 |
| Overall Market |
# 3934 |
| Working Capital Ratio Statistics |
| High |
Average |
Low |
| 0.87 |
0.52 |
0.25 |
| (Dec 31 2022) |
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(Dec 31 2019) |
Cumulative Torm Plc's Working Capital Ratio
TRMD's Working Capital Ratio for the trailling 12 Months
TRMD Working Capital Ratio |
(Dec 31 2023)
12 Months |
0
12 Months |
0
12 Months |
0
12 Months |
(Dec 31 2022)
12 Months |
| Y / Y Current Liabilities TTM Growth |
4.36 % |
-4.73 % |
-12.52 % |
-19.26 % |
-25.15 % |
| Y / Y Current Assets TTM Growth |
-6.55 % |
8.95 % |
29.73 % |
59.07 % |
103.6 % |
| Working Capital Ratio TTM |
0.78 |
0.8 |
0.82 |
0.85 |
0.87 |
| Total Ranking TTM |
# 2051
| # 3469
| # 3218
| # 3492
| # 4947
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| Seq. Current Liabilities TTM Growth |
1.06 % |
1.07 % |
1.08 % |
1.09 % |
-7.75 % |
| Seq. Current Assets TTM Growth |
-1.72 % |
-1.69 % |
-1.66 % |
-1.64 % |
14.58 % |
On the trailing twelve months basis Due to unchanged in Current Liabilities in the Q4 2023 to $886.90 millions, cumulative Working Capital Ratio decreased to 0.78 above the TRMD average Working Capital Ratio. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Marine Transportation industry 11 other companies have achieved higher Working Capital Ratio than Torm Plc. While Working Capital Ratio overall ranking has improved so far to 2051, from total ranking during the twelve months ending third quarter 2023 at 3469.
Explain Working Capital Ratio
How much Current Assetss TRMD´s has?
What are TRMD´s Current Liabilities?
| TTM Working Capital Ratio Company Ranking |
| Within: |
No. |
| Within the Marine Transportation Industry |
# 12 |
| Transportation Sector |
# 44 |
| Within the Market |
# 2051 |
| trailing twelve months Working Capital Ratio Statistics |
| High |
Average |
Low |
| 0.87 |
0.46 |
0.25 |
| (Dec 31 2022) |
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(Dec 31 2019) |
| Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Marine Transportation Industry | Working Capital Ratio | Dec 31 2023 MRQ Current Assets | Dec 31 2023 MRQ Current Liabilities | | Seacor Marine Holdings Inc | 2.14 | $ 164.686 Millions | $ 77.086 Millions | | Expeditors International Of Washington Inc | 2.02 | $ 3,435.196 Millions | $ 1,704.412 Millions | | Pangaea Logistics Solutions Ltd | 1.82 | $ 191.826 Millions | $ 105.334 Millions | | Globus Maritime Limited | 1.73 | $ 79.296 Millions | $ 45.759 Millions | | Brink s Co | 1.69 | $ 2,788.300 Millions | $ 1,645.400 Millions | | Costamare Inc | 1.69 | $ 1,117.661 Millions | $ 662.770 Millions | | Singularity Future Technology Ltd | 1.50 | $ 6.935 Millions | $ 4.616 Millions | | Radiant Logistics Inc | 1.50 | $ 161.345 Millions | $ 107.558 Millions | | Forward Air Corporation | 1.46 | $ 347.028 Millions | $ 237.094 Millions | | C h Robinson Worldwide Inc | 1.40 | $ 2,880.694 Millions | $ 2,051.993 Millions | | Navigator Holdings Ltd | 1.38 | $ 255.372 Millions | $ 185.442 Millions | | Himalaya Shipping Ltd | 1.30 | $ 32.807 Millions | $ 25.300 Millions | | Hub Group Inc | 1.29 | $ 849.245 Millions | $ 658.210 Millions | | Euroseas Ltd | 1.29 | $ 65.972 Millions | $ 51.188 Millions | | Star Bulk Carriers Corp | 1.26 | $ 454.397 Millions | $ 359.363 Millions | | Freight Technologies Inc | 1.25 | $ 9.766 Millions | $ 7.796 Millions | | Capital Clean Energy Carriers Corp | 1.23 | $ 225.504 Millions | $ 183.930 Millions | | Unique Logistics International Inc | 1.18 | $ 54.341 Millions | $ 45.932 Millions | | Global Ship Lease Inc | 1.05 | $ 295.677 Millions | $ 280.440 Millions | | Zim Integrated Shipping Services Ltd | 1.02 | $ 2,571.400 Millions | $ 2,518.100 Millions | | Top Ships Inc | 0.94 | $ 38.733 Millions | $ 41.372 Millions | | Eagle Bulk Shipping Inc | 0.89 | $ 189.546 Millions | $ 212.847 Millions | | Navios Maritime Partners L p | 0.87 | $ 399.748 Millions | $ 459.600 Millions | | Grindrod Shipping Holdings Ltd | 0.79 | $ 98.076 Millions | $ 124.069 Millions | | Torm Plc | 0.78 | $ 691.290 Millions | $ 886.897 Millions | | Jayud Global Logistics Limited | 0.75 | $ 11.661 Millions | $ 15.476 Millions | | Overseas Shipholding Group Inc | 0.68 | $ 114.588 Millions | $ 169.488 Millions | | Atlas Corp | 0.63 | $ 682.400 Millions | $ 1,083.800 Millions | | Scorpio Tankers Inc | 0.61 | $ 577.080 Millions | $ 939.188 Millions | | C3is Inc | 0.51 | $ 20.311 Millions | $ 39.712 Millions |
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Date modified: 2024-03-08T12:52:29+00:00
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