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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?


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)   (Mar 31 2017)




Financial Statements
Advanced Drainage Systems Inc 's Current Liabilities $ 396 Millions Visit WMS's Balance sheet
Advanced Drainage Systems Inc 's Current Assets $ 1,238 Millions Visit WMS's Balance sheet
Source of WMS's Sales Visit WMS's Sales by Geography


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
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)   (Sep 30 2016)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Miscellaneous Manufacturing Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 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

Date modified: 2024-02-08T22:29:08+00:00



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