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Wolverine Resources Corp   (WOLV)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials

Wolverine Resources 's Working Capital Ratio

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


Wolverine Resources 's Current Assets grew by 309.04 % in the I Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Wolverine Resources 's Working Capital Ratio to 0.15, above Wolverine Resources Corp average Working Capital Ratio.

Within Metal Mining industry 65 other companies have achieved higher Working Capital Ratio than Wolverine Resources in first quarter 2023. While Working Capital Ratio total ranking in the first quarter 2023 has deteriorated compared to the prior quarter from 4874 to 4891.

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


WOLV Working Capital Ratio (Aug 31 2023)
I. Quarter
(May 31 2023)
IV. Quarter
(Feb 28 2023)
III. Quarter
(Nov 30 2022)
II. Quarter
(Aug 31 2022)
I. Quarter
Y / Y Current Liabilities Change -32.43 % 16.13 % -84.87 % -69.93 % -70.19 %
Y / Y Current Assets Change 122.01 % -73.25 % -88.81 % -30.79 % -62.69 %
Working Capital Ratio MRQ 0.15 0.03 0.08 0.06 0.04
WOLV's Total Ranking # 4891 # 4874 # 127 # 131 # 5039
Seq. Current Liabilities Change -25.9 % 2.54 % -13.66 % 2.99 % 27.36 %
Seq. Current Assets Change 309.04 % -66.49 % 21.07 % 33.79 % -50.71 %



Working Capital Ratio first quarter 2023 Company Ranking
Within: No.
Metal Mining Industry # 66
Basic Materials Sector # 314
Overall Market # 4891


Working Capital Ratio Statistics
High Average Low
0.96 0.08 0.01
(May 31 2015)   (Aug 31 2017)




Financial Statements
Wolverine Resources 's Current Liabilities $ 0 Millions Visit WOLV's Balance sheet
Wolverine Resources 's Current Assets $ 0 Millions Visit WOLV's Balance sheet
Source of WOLV's Sales Visit WOLV's Sales by Geography


Cumulative Wolverine Resources 's Working Capital Ratio

WOLV's Working Capital Ratio for the trailling 12 Months

WOLV Working Capital Ratio

(Aug 31 2023)
I. Quarter
(May 31 2023)
IV. Quarter
(Feb 28 2023)
III. Quarter
(Nov 30 2022)
II. Quarter
(Aug 31 2022)
I. Quarter
Y / Y Current Liabilities TTM Growth -32.43 % 16.13 % -84.87 % -69.93 % -70.19 %
Y / Y Current Assets TTM Growth 122.01 % -73.25 % -88.81 % -30.79 % -62.69 %
Working Capital Ratio TTM 0.07 0.05 0.07 0.1 0.08
Total Ranking TTM # 3944 # 3979 # 119 # 4365 # 119
Seq. Current Liabilities TTM Growth -25.9 % 2.54 % -13.66 % 2.99 % 27.36 %
Seq. Current Assets TTM Growth 309.04 % -66.49 % 21.07 % 33.79 % -50.71 %


On the trailing twelve months basis WOLV Current Assets more than doubled by 122.01 % in I Quarter 2023 year on year, while Current Liabilities plummeted to $0 millions, this led to increase in in Wolverine Resources 's Working Capital Ratio to 0.07, Working Capital Ratio remained below WOLV average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Metal Mining industry 65 other companies have achieved higher Working Capital Ratio than Wolverine Resources . While Working Capital Ratio overall ranking has improved so far to 3944, from total ranking during the twelve months ending forth quarter 2023 at 3979.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Metal Mining Industry # 66
Basic Materials Sector # 314
Within the Market # 3944


trailing twelve months Working Capital Ratio Statistics
High Average Low
0.96 0.08 0.01
(May 31 2015)   (Aug 31 2017)




Companies with similar Working Capital Ratio in the quarter ending Aug 31 2023, within Metal Mining Industry Working Capital RatioAug 31 2023 MRQ Current AssetsAug 31 2023 MRQ Current Liabilities
Paramount Gold Nevada Corp   0.29 $ 2.502  Millions$ 8.608  Millions
Silver North Resources Ltd   0.29 $ 0.252  Millions$ 0.884  Millions
I 80 Gold Corp   0.27 $ 39.813  Millions$ 148.335  Millions
Star Alliance International Corp   0.21 $ 0.496  Millions$ 2.351  Millions
Niocorp Developments Ltd   0.17 $ 2.101  Millions$ 12.486  Millions
Wolverine Resources Corp   0.15 $ 0.010  Millions$ 0.070  Millions
Desert Hawk Gold Corp   0.08 $ 2.328  Millions$ 28.118  Millions
Artisan Consumer Goods Inc   0.05 $ 0.015  Millions$ 0.284  Millions
Idaho Copper Corporation  0.05 $ 0.042  Millions$ 0.814  Millions
Augusta Gold Corp   0.05 $ 1.240  Millions$ 26.053  Millions

Date modified: 2023-10-25T10:00:46+00:00



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