Company / Working Capital
IT TECH PACKAGING, INC. Working Capital History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$8.3M
FY2024
5-year range
$6.9M / $35.1M
FY2020-FY2024
Trend
+19.8%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Working Capital returned to growth in FY2024 after 2 years of decline, reaching $8M.
Based on SEC 10-K filings.
$8M in FY2024 with a 5-year CAGR of +2.9%.
Declined from $30M to $8M over the past 2 years.
Working Capital over time
Growth rates
- 3-Year CAGR
- -38.1%
- 5-Year CAGR
- +2.9%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +2.9%, indicating consistent growth.
- In FY2024, working capital increased 19.8% year-over-year.
- Peak working capital was recorded in FY2021.
- Lowest working capital in the period was in FY2015.
Company context
Key Data Points
- Altman Z-Score 3.72 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $8.3M | +19.8% |
| FY2023 | $6.9M | -76.5% |
| FY2022 | $29.5M | -15.8% |
| FY2021 | $35.1M | +386.9% |
| FY2020 | $7.2M | +0.0% |
| FY2019 | $7.2M | +231.6% |
| FY2018 | -$5.5M | -209.2% |
| FY2017 | -$1.8M | +71.0% |
| FY2016 | -$6.1M | +56.0% |
| FY2015 | -$13.9M | +22.4% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026