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Advanced Drainage Systems Inc (WMS) |
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Advanced Drainage Systems Inc 's Working Capital Ratio
WMS's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
Advanced Drainage Systems Inc 's Current Assets grew by 0.53 % in the III Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Advanced Drainage Systems Inc 's Working Capital Ratio to 3.13, above Advanced Drainage Systems Inc average Working Capital Ratio.
Within Miscellaneous Manufacturing industry Advanced Drainage Systems Inc booked the highest Working Capital Ratio than Advanced Drainage Systems Inc in the third quarter 2023. While Working Capital Ratio total ranking has improved so far during the III Quarter 2023 to 126, from total ranking in the second quarter 2023 at 154.
Explain Working Capital Ratio
How much in Current Assets WMSīs has?
What is the value of WMSīs Current Liabilities?
Select the Comparisons :
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Select the Ratio:
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WMS Working Capital Ratio |
(Dec 31 2023) III. Quarter |
(Sep 30 2023) II. Quarter |
(Jun 30 2023) III. Quarter |
(Mar 31 2023) IV. Quarter |
(Dec 31 2022) III. Quarter |
Y / Y Current Liabilities Change |
8.95 % |
-4.1 % |
-18.1 % |
-4.12 % |
1.34 % |
Y / Y Current Assets Change |
7 % |
-8.6 % |
-16.61 % |
16.7 % |
43.41 % |
Working Capital Ratio MRQ |
3.13 |
2.96 |
2.86 |
2.75 |
3.18 |
WMS's Total
Ranking |
# 126 |
# 154 |
# 1679 |
# 1666 |
# 68 |
Seq. Current Liabilities Change |
-4.78 % |
1.72 % |
10.5 % |
1.8 % |
-16.18 % |
Seq. Current Assets Change |
0.53 % |
5.43 % |
14.84 % |
-12.09 % |
-14.13 % |
Working Capital Ratio third quarter 2023 Company Ranking |
Within: |
No. |
Miscellaneous Manufacturing Industry |
# 0 |
Capital Goods Sector |
# 21 |
Overall Market |
# 126 |
Working Capital Ratio Statistics |
High |
Average |
Low |
4.1 |
2.55 |
1.72 |
(Dec 31 2012) |
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(Mar 31 2017) |
Cumulative Advanced Drainage Systems Inc 's Working Capital Ratio
WMS's Working Capital Ratio for the trailling 12 Months
WMS Working Capital Ratio |
(Dec 31 2023) III. Quarter |
(Sep 30 2023) II. Quarter |
(Jun 30 2023) III. Quarter |
(Mar 31 2023) IV. Quarter |
(Dec 31 2022) III. Quarter |
Y / Y Current Liabilities TTM Growth |
8.95 % |
-4.1 % |
-18.1 % |
-4.12 % |
1.34 % |
Y / Y Current Assets TTM Growth |
7 % |
-8.6 % |
-16.61 % |
16.7 % |
43.41 % |
Working Capital Ratio TTM |
2.93 |
2.93 |
2.97 |
2.95 |
2.84 |
Total
Ranking TTM |
# 445
| # 3851
| # 1237
| # 4108
| # 400
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Seq. Current Liabilities TTM Growth |
-4.78 % |
1.72 % |
10.5 % |
1.8 % |
-16.18 % |
Seq. Current Assets TTM Growth |
0.53 % |
5.43 % |
14.84 % |
-12.09 % |
-14.13 % |
On the trailing twelve months basis In Spite of the decrease in Current Liabilities in the III Quarter 2023 to $396.28 millions, cumulative Working Capital Ratio remained unchanged at 2.93 above the WMS average Working Capital Ratio. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Miscellaneous Manufacturing industry 5 other companies have achieved higher Working Capital Ratio than Advanced Drainage Systems Inc . While Working Capital Ratio overall ranking has improved so far to 445, from total ranking during the twelve months ending second quarter 2023 at 3851.
Explain Working Capital Ratio
How much in Current Assets WMSīs has?
What is the value of WMSīs Current Liabilities?
TTM Working Capital Ratio Company Ranking |
Within: |
No. |
Within the Miscellaneous Manufacturing Industry |
# 6 |
Capital Goods Sector |
# 56 |
Within the Market |
# 445 |
trailing twelve months Working Capital Ratio Statistics |
High |
Average |
Low |
2.92 |
2.29 |
1.82 |
(Jun 30 2023) |
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(Sep 30 2016) |
Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Miscellaneous Manufacturing Industry | Working Capital Ratio | Dec 31 2023 MRQ Current Assets | Dec 31 2023 MRQ Current Liabilities | Compx International inc | 7.36 | $ 126.630 Millions | $ 17.205 Millions | Snap on Inc | 3.88 | $ 3,652.000 Millions | $ 941.600 Millions | Littelfuse Inc | 3.75 | $ 1,408.600 Millions | $ 375.494 Millions | Servotronics inc | 3.73 | $ 29.567 Millions | $ 7.928 Millions | Daktronics Inc | 3.71 | $ 375.530 Millions | $ 101.325 Millions | Simpson Manufacturing Co inc | 3.63 | $ 1,312.441 Millions | $ 361.257 Millions | Playags Inc | 3.48 | $ 165.378 Millions | $ 47.585 Millions | Graco Inc | 3.46 | $ 1,365.809 Millions | $ 395.200 Millions | Watsco Inc | 3.36 | $ 2,391.931 Millions | $ 712.012 Millions | Oil dri Corporation Of America | 3.18 | $ 146.584 Millions | $ 46.163 Millions | Advanced Drainage Systems Inc | 3.13 | $ 1,238.422 Millions | $ 396.281 Millions | Starrett L S Co | 3.11 | $ 112.744 Millions | $ 36.269 Millions | Idex Corp | 2.89 | $ 1,446.300 Millions | $ 500.300 Millions | Lifetime Brands Inc | 2.73 | $ 376.355 Millions | $ 137.893 Millions | Winnebago Industries Inc | 2.69 | $ 934.600 Millions | $ 347.300 Millions | Array Technologies Inc | 2.48 | $ 832.281 Millions | $ 335.691 Millions | Hillman Solutions Corp | 2.46 | $ 547.980 Millions | $ 223.120 Millions | The Gorman rupp Company | 2.35 | $ 236.111 Millions | $ 100.676 Millions | Brady Corp | 2.13 | $ 506.520 Millions | $ 237.302 Millions | Ferguson Plc | 1.95 | $ 8,616.000 Millions | $ 4,409.000 Millions | Flowserve Corp | 1.88 | $ 2,703.777 Millions | $ 1,438.576 Millions | Hillenbrand inc | 1.87 | $ 1,577.500 Millions | $ 843.700 Millions | Itt Inc | 1.79 | $ 1,857.700 Millions | $ 1,037.800 Millions | Xylem Inc | 1.77 | $ 3,884.000 Millions | $ 2,189.000 Millions | Thor Industries Inc | 1.75 | $ 2,839.262 Millions | $ 1,626.461 Millions | Powell Industries Inc | 1.58 | $ 674.825 Millions | $ 427.851 Millions | Amcor Plc | 1.25 | $ 4,959.000 Millions | $ 3,970.000 Millions | Stanley Black and Decker Inc | 1.19 | $ 7,017.300 Millions | $ 5,883.200 Millions | Abb Ltd | 1.18 | $ 21,277.000 Millions | $ 18,004.000 Millions | Trane Technologies Plc | 1.13 | $ 6,869.900 Millions | $ 6,053.500 Millions |
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