Standard Motor Products, Inc. Working Capital

Working Capital of SMP 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 March 31, 2022 was $241 Million (a 2.55% increase compared to previous quarter)
  • Year-over-year quarterly Working Capital increased by 2.99%
  • Annual Working Capital for 2021 was $235 Million (a -20.61% decrease from previous year)
  • Annual Working Capital for 2020 was $296 Million (a 23.33% increase from previous year)
  • Annual Working Capital for 2019 was $240 Million (a 3.0% increase from previous year)
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Historical Working Capital of Standard Motor Products, Inc.

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

Interactive Chart of Working Capital of Standard Motor Products, Inc.

Standard Motor Products, Inc. Working Capital for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2022 $241.0
2021 $235.0 $233.0 $234.0 $304.0 $235.0
2020 $295.93 $292.46 $252.29 $236.48 $296.0
2019 $239.97 $227.4 $211.77 $234.79 $240.0
2018 $233.64 $233.08 $216.84 $209.4 $233.0
2017 $210.19 $219.31 $219.32 $206.57 $210.0
2016 $190.38 $228.48 $210.07 $251.5 $190.38
2015 $235.82 $232.54 $225.25 $223.15 $235.82
2014 $215.2 $213.37 $202.49 $220.29 $215.2
2013 $225.76 $225.13 $208.89 $197.41 $225.76
2012 $196.38 $190.3 $171.55 $182.57 $196.38
2011 $172.11 $177.32 $168.62 $172.11

Business Profile of Standard Motor Products, Inc.

Sector: Consumer Cyclical
Industry: Auto Parts
Standard Motor Products, Inc. manufactures and distributes replacement parts that are used in the maintenance, repair, and service of vehicles in the automotive aftermarket industry with a complementary focus on specialized original equipment parts for manufacturers across agriculture, heavy duty, and construction equipment industries. The company's Engine Management segment provides electronic ignition control modules, camshaft and crankshaft position sensors, ignition wires and coils, switches and relays, exhaust gas recirculation valves, pressure and temperature sensors, variable valve timing components, mass airflow and fuel pressure sensors, electronic throttle bodies, and diesel injectors and pumps; and anti-lock brake, vehicle speed, tire pressure monitoring, and park assist sensors. This segment offers its products under the Standard, Blue Streak, BWD, Intermotor, OEM, SMP Blue Streak Canada, GP Sorensen, Locksmart, Standard Motorcycle, and Blue Streak Race Wires brands. Its Temperature Control segment provides components for the temperature control systems, engine cooling systems, power window accessories, and windshield washer systems of motor vehicles under the Four Seasons, ACI, Hayden, Factory Air, and Maxair brands. Its products include air conditioning compressors and repair kits, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, actuators, hose assemblies, thermal expansion devices, heater valves, heater cores, A/C service tools and chemicals, fan assemblies, fan clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company serves primarily automotive aftermarket retailers, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico, and other Latin American countries. The company was founded in 1919 and is headquartered in Long Island City, New York.