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.