Applied Industrial Technologies, Inc.

Applied Industrial Technologies, Inc.verified

AIT

Price:

$193.61

Market Cap:

$7.43B

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components...[Read more]

Industry

Industrial - Distribution

IPO Date

1980-03-17

Stock Exchange

NYSE

Ticker

AIT

The Current Ratio as of September 2024 (TTM) for Applied Industrial Technologies, Inc. (AIT) is 3.53

According to Applied Industrial Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.53. This represents a change of -3.07% compared to the average of 3.64 of the last 4 quarters.

Applied Industrial Technologies, Inc. (AIT) Historical Current Ratio (quarterly & annually)

How has AIT Current Ratio performed in the past?

The mean historical Current Ratio of Applied Industrial Technologies, Inc. over the last ten years is 2.84. The current 3.53 Current Ratio has changed 12.32% with respect to the historical average. Over the past ten years (40 quarters), AIT's Current Ratio was at its highest in in the March 2024 quarter at 3.77. The Current Ratio was at its lowest in in the September 2019 quarter at 2.39.

Quarterly (TTM)
Annual

Average

2.84

Median

2.78

Minimum

2.45

Maximum

3.53

Applied Industrial Technologies, Inc. (AIT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Applied Industrial Technologies, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 15.89%

Maximum Annual Current Ratio = 3.53

Minimum Annual Increase = -14.15%

Minimum Annual Current Ratio = 2.45

Quarterly (TTM)
Annual
YearCurrent RatioChange
20243.5315.89%
20233.0512.00%
20222.72-2.74%
20212.802.78%
20202.720.47%
20192.7110.76%
20182.45-14.15%
20172.850.02%
20162.852.79%
20152.77-3.57%

Applied Industrial Technologies, Inc. (AIT) Average Current Ratio

How has AIT Current Ratio performed in the past?

The current Current Ratio of Applied Industrial Technologies, Inc. (AIT) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.10

5-year avg

2.96

10-year avg

2.84

Applied Industrial Technologies, Inc. (AIT) Current Ratio vs. Peers

How is AIT’s Current Ratio compared to its peers?

Applied Industrial Technologies, Inc.’s Current Ratio is greater than Core & Main, Inc. (2.29), greater than W.W. Grainger, Inc. (2.30), greater than DXP Enterprises, Inc. (2.39), greater than SiteOne Landscape Supply, Inc. (2.47), greater than Distribution Solutions Group, Inc. (2.50), greater than Global Industrial Company (1.87), less than BlueLinx Holdings Inc. (4.88), greater than Ferguson plc (1.68), greater than MSC Industrial Direct Co., Inc. (2.08), less than Fastenal Company (4.39), greater than Watsco, Inc. (3.21),

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