ManpowerGroup Inc (MAN)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,970,300 | 5,182,600 | 5,233,300 | 5,249,800 | 5,572,100 | 5,336,600 | 5,590,900 | 5,657,900 | 5,934,400 | 5,421,800 | 6,401,900 | 6,369,500 | 6,422,700 | 6,858,700 | 6,829,700 | 6,624,300 | 6,666,400 | 6,348,100 | 5,892,700 | 6,059,100 |
| Total current liabilities | US$ in thousands | 4,437,100 | 4,525,000 | 4,578,000 | 4,504,100 | 4,799,700 | 4,427,700 | 4,616,400 | 4,579,600 | 4,911,700 | 4,450,000 | 5,401,100 | 5,697,200 | 5,780,500 | 5,349,400 | 4,950,200 | 4,750,400 | 4,684,800 | 4,275,500 | 3,937,600 | 4,075,500 |
| Current ratio | 1.12 | 1.15 | 1.14 | 1.17 | 1.16 | 1.21 | 1.21 | 1.24 | 1.21 | 1.22 | 1.19 | 1.12 | 1.11 | 1.28 | 1.38 | 1.39 | 1.42 | 1.48 | 1.50 | 1.49 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,970,300K ÷ $4,437,100K
= 1.12
ManpowerGroup Inc's current ratio has shown a fluctuating trend over the past few years, ranging between 1.11 and 1.50. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
The ratio increased from 1.49 as of March 31, 2020, to 1.50 as of June 30, 2020, indicating a slight improvement in the company's short-term liquidity position. However, the ratio started to decline gradually after reaching its peak in June 2020.
As of December 31, 2021, the current ratio decreased to 1.11, reaching its lowest point in the period under review. This could suggest potential challenges in meeting short-term obligations using current assets at that time.
Subsequently, the ratio showed some recovery, with an upward trend observed from March 31, 2022, to June 30, 2024. However, the current ratio remained relatively stable, hovering around the range of 1.12 to 1.24 during this period.
Overall, ManpowerGroup Inc's current ratio reflects fluctuations in its short-term liquidity position, with fluctuations that may indicate changes in the company's ability to efficiently manage its current liabilities with its current assets over time. Further analysis and comparison with industry averages could provide more insights into the company's liquidity management.
Peer comparison
Dec 31, 2024