ManpowerGroup Inc (MAN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,572,100 | 5,934,400 | 6,422,700 | 6,666,400 | 6,484,500 |
| Total current liabilities | US$ in thousands | 4,799,700 | 4,911,700 | 5,780,500 | 4,684,800 | 4,441,400 |
| Current ratio | 1.16 | 1.21 | 1.11 | 1.42 | 1.46 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,572,100K ÷ $4,799,700K
= 1.16
The current ratio of ManpowerGroup has shown a fluctuating trend over the past five years. The ratio decreased from 1.46 in 2019 to 1.42 in 2020, indicating a potential decrease in the company's short-term liquidity position. However, in 2021, the current ratio further declined to 1.11, suggesting a potential strain on the company's ability to meet its short-term obligations.
The current ratio improved slightly in 2022 to 1.21, indicating a better ability to cover current liabilities with current assets compared to the previous year. However, in 2023, the current ratio decreased to 1.16, which may raise concerns about the company's short-term liquidity position.
Overall, the current ratio of ManpowerGroup has shown some volatility, with fluctuations observed in recent years. Investors and stakeholders may want to monitor this ratio closely to assess the company's liquidity risk and ability to meet short-term obligations.
Peer comparison
Dec 31, 2023