Bizotic Commercial has a quick ratio of 1.61. It generally indicates good short-term financial strength.
The historical rank and industry rank for Bizotic Commercial's Quick Ratio or its related term are showing as below:
BOM:543926'
s Quick Ratio Range Over the Past 10 Years
Min: 0.64 Med: 0.73 Max: 1.61
Current: 1.61
During the past 6 years, Bizotic Commercial's highest Quick Ratio was 1.61. The lowest was 0.64. And the median was 0.73.
BOM:543926's Quick Ratio is ranked better than 68.72% of 1074
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.055
vs BOM:543926: 1.61
Bizotic Commercial Quick Ratio Historical Data
The historical data trend for Bizotic Commercial'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.
Competitive Comparison of Bizotic Commercial's Quick Ratio
For the Apparel Manufacturing subindustry, Bizotic Commercial'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.
Bizotic Commercial's Quick Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bizotic Commercial's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bizotic Commercial's Quick Ratio falls into.
Bizotic Commercial 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.
Bizotic Commercial's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
Bizotic Commercial (BOM:543926) 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.
Bizotic Commercial Quick Ratio Related Terms
Thank you for viewing the detailed overview of Bizotic Commercial's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bizotic Commercial (BOM:543926) Business Description
Bizotic Commercial Ltd manufactures, designs, and markets readymade garments, offering a diverse range of men's Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, and Winter Wear. It serves its customers through the channels of retail stores and e-commerce. its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection, and packing. The company outsources the entire garments manufacturing on a job work basis from third-party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric, etc. to them who, based on the specifications, procure the requisite raw materials at their costs and begin the manufacturing process.
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