TESSCO Technologies Incorporated Working Capital

Working Capital of TESS 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 29, 2020 was $42.5 Million (a -3.64% decrease compared to previous quarter)
  • Year-over-year quarterly Working Capital decreased by -16.87%
  • Annual Working Capital for 2020 was $51.2 Million (a -31.45% decrease from previous year)
  • Annual Working Capital for 2019 was $74.6 Million (a -0.21% decrease from previous year)
  • Annual Working Capital for 2018 was $74.8 Million (a -3.12% decrease from previous year)
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Historical Working Capital of TESSCO Technologies Incorporated

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

Interactive Chart of Working Capital of TESSCO Technologies Incorporated

TESSCO Technologies Incorporated Working Capital for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $42.53 $44.14 $51.16 $51.16
2019 $51.16 $67.11 $68.08 $74.64 $74.64
2018 $75.26 $74.96 $74.35 $74.79 $74.79
2017 $78.17 $77.81 $76.81 $77.19 $77.19
2016 $79.26 $79.39 $79.5 $82.52 $82.52
2015 $89.4 $87.74 $86.05 $82.22 $82.22
2014 $89.35 $93.14 $90.91 $88.09 $88.09
2013 $87.39 $83.44 $79.73 $76.55 $76.55
2012 $72.51 $73.9 $69.9 $65.78 $65.78
2011 $62.92 $59.78 $57.44 $49.38 $49.38
2010 $46.57 $47.98 $44.89 $46.79 $46.79
2009 $43.3

Business Profile of TESSCO Technologies Incorporated

Sector: Technology
Industry: Communication Equipment
TESSCO Technologies Incorporated architects and delivers product and value chain solutions to support wireless systems in the United States. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding products, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems, as well as connector installation, custom jumper assembly, site kitting, and logistics integration services. It also provides network systems products, such as fixed and mobile broadband radio equipment, wireless networking filtering and distributed antenna systems, two-way radios, and security and surveillance products, as well as training classes, technical support, and engineering design services. In addition, the company offers installation, test, and maintenance products comprising analysis equipment; and various frequency, voltage, and power-measuring devices, as well as tools, hardware, GPS and safety products, and replacement and component parts and supplies to install, tune, and maintain wireless communications equipment. Further, it provides mobile devices, such as cellular and smart phones; and data device accessories, including power supplies, cases, screen protectors, speakers, mobile amplifiers, bluetooth and corded headsets, mounts, car antennas, music accessories, and data and memory cards. The company sells its products to carrier and public network operators, tower owners, program managers, contractors and integrators, private system operators, federal governments, state and local governments, manufacturers, value-added resellers, retail carrier stores and their independent agents, and other retailers under the Ventev brand. TESSCO Technologies Incorporated was founded in 1982 and is headquartered in Hunt Valley, Maryland.