Arts Way Manufacturing cash flow, quarter by quarter
Latest: Q3 FY26 · from the cash-flow statements filed with the SEC
Free cash flow$13K in Q3 FY26 · −$1.0M over twelve months
Operating cash flow$1.3M
Capital spending−$1.3M
Free cash flow+$13K
Cash conversion cycle300 days
Analysis
In Q3 FY26, Arts Way Manufacturing generated $1.3M of operating cash flow and spent $1.3M on capital projects, leaving free cash flow of $13K. That is $1.5M more than in Q3 FY25 (−$1.5M).
Over the twelve months to Aug 31, 2026, operating cash flow was $959K; the largest uses were capital spending ($2.0M), buybacks ($2K); besides operations, cash came from net borrowing (+) / repaid (−) ($558K), other financing ($352K); the cash balance fell by $3K.
Operating cash flow was $1.3M against net income of −$140K. The largest differences: receivables −$2.3M, inventory +$624K, prepaid and other assets +$350K.
Its cash conversion cycle was 300 days (receivables 64 + inventory 267 − payables 32).
Free cash flow
Operating cash flow less capital spending.Latest (Q3 FY26): Operating cash flow $1.3M, Capital spending $1.3M.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $1.6M; the largest uses were capital spending ($4.5M) and net borrowing ($3.7M). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$3K
Debt$2.4M
Net debt$2.4M
Due within a year$165K
Arts Way Manufacturing's operations bring cash in ($959K over twelve months), and it spends more than that on capital projects: a gap of $1.0M funded from its $3K of cash and investments and from borrowing ($2.4M of debt, $165K due within a year). That is a choice to invest, not a cash runway running down.
Principal due in each year as disclosed in the annual report, against $3K of cash and investments now.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Quarter
Receivable days
Inventory days
Payable days
Cash conversion cycle
Q3 FY26
64
267
32
300
Q2 FY26
36
186
25
197
Q1 FY26
38
226
25
240
Q4 FY25
38
253
23
268
Q3 FY25
28
217
24
221
Q2 FY25
24
233
24
233
Q1 FY25
33
262
23
272
Q4 FY24
39
243
21
261
Every quarter
Quarter
Operating cash flow
Capital spending
Buybacks
Net borrowing (+) / repaid (−)
Cash drawn (+) / kept (−)
Free cash flow
Q3 FY26
$1.3M
−$1.3M
—
$40K
$3K
$13K
Q2 FY26
$362K
−$341K
−$2K
−$44K
−$3K
$21K
Q1 FY26
$148K
−$176K
—
$77K
$2K
−$28K
Q4 FY25
−$889K
−$153K
—
$486K
$1K
−$1.0M
Q3 FY25
−$1.3M
−$261K
—
$1.5M
−$1K
−$1.5M
Q2 FY25
$1.4M
−$131K
—
−$1.2M
−$401
$1.2M
Q1 FY25
−$102K
−$83K
−$2K
$188K
−$2K
−$185K
Q4 FY24
$1.2M
−$110K
—
−$2.6M
$3K
$1.1M
Arts Way Manufacturing: income statement and cash flow
Arts Way Manufacturing, Q3 FY26: revenue $5.6M (-13% year over year), operating margin -1.2%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.