Absci Corporation Working Capital

Working Capital of ABSI for past 10 years: annual, quarterly and twelve month trailing (TTM) including Working Capital growth rates and interactive chart. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. Working capital is a measure of a company's liquidity, operational efficiency and its short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt.

Highlights and Quick Summary

  • Working Capital for the quarter ending September 30, 2023 was $107 Million (a -12.9% decrease compared to previous quarter)
  • Year-over-year quarterly Working Capital decreased by -31.84%
  • Annual Working Capital for 2022 was $157 Million (a -34.54% decrease from previous year)
  • Annual Working Capital for 2021 was $239 Million (a 278.88% increase from previous year)
  • Annual Working Capital for 2020 was $63.1 Million (a 520.17% increase from previous year)
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Historical Working Capital of Absci Corporation

Most recent Working Capitalof ABSI including historical data for past 10 years.

Interactive Chart of Working Capital of Absci Corporation

Absci Corporation Working Capital for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2023 $106.74 $122.55 $138.12
2022 $156.59 $171.35 $196.2 $214.08 $156.59
2021 $239.22 $270.42 $82.63 $167.95 $239.22
2020 $63.14 $63.14
2019 $10.18 $10.18

Business Profile of Absci Corporation

Sector: Healthcare
Industry: Biotechnology