The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. PPK Group's quick ratio for the quarter that ended in Dec. 2023 was 1.98.
PPK Group has a quick ratio of 1.98. It generally indicates good short-term financial strength.
The historical rank and industry rank for PPK Group's Quick Ratio or its related term are showing as below:
ASX:PPK'
s Quick Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.52 Max: 16.34
Current: 1.98
During the past 13 years, PPK Group's highest Quick Ratio was 16.34. The lowest was 0.62. And the median was 1.52.
ASX:PPK's Quick Ratio is ranked better than 68.34% of 3029
companies
in the Industrial Products industry
Industry Median: 1.39
vs ASX:PPK: 1.98
PPK Group Quick Ratio Historical Data
The historical data trend for PPK Group's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electrical Equipment & Parts subindustry, PPK Group's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PPK Group's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, PPK Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where PPK Group's Quick Ratio falls into.
PPK Group Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
PPK Group's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PPK Group (ASX:PPK) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
PPK Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of PPK Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PPK Group Ltd invests in publicly listed and privately held business, property ownership, and the manufacture of high-grade boron nitride nanotubes. The group invests capital and expertise in high-potential science and technology opportunities with a current focus on nanomaterials, artificial intelligence, and energy storage solutions. It operates in the technology Segment. It is also engaged in ballistic armor and dental products. The company generates the majority of its revenue from the Energy storage business.
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