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. PT United Tractors Tbk's quick ratio for the quarter that ended in Dec. 2023 was 1.05.
PT United Tractors Tbk has a quick ratio of 1.05. It generally indicates good short-term financial strength.
The historical rank and industry rank for PT United Tractors Tbk's Quick Ratio or its related term are showing as below:
PUTKY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.84 Med: 1.55 Max: 1.89
Current: 1.05
During the past 13 years, PT United Tractors Tbk's highest Quick Ratio was 1.89. The lowest was 0.84. And the median was 1.55.
PUTKY's Quick Ratio is ranked worse than 63.31% of 2671
companies
in the Metals & Mining industry
Industry Median: 1.8
vs PUTKY: 1.05
PT United Tractors Tbk Quick Ratio Historical Data
The historical data trend for PT United Tractors Tbk'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.
* Premium members only.
PT United Tractors Tbk Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Quick Ratio
1.21
1.73
1.68
1.51
1.05
PT United Tractors Tbk Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Quick Ratio
1.51
1.41
1.06
0.85
1.05
Competitive Comparison
For the Other Industrial Metals & Mining subindustry, PT United Tractors Tbk'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.
PT United Tractors Tbk Quick Ratio Distribution
For the Metals & Mining industry and Basic Materials sector, PT United Tractors Tbk's Quick Ratio distribution charts can be found below:
* The bar in red indicates where PT United Tractors Tbk's Quick Ratio falls into.
PT United Tractors Tbk 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.
PT United Tractors Tbk's Quick Ratio for the fiscal year that ended in Dec. 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.
PT United Tractors Tbk (OTCPK:PUTKY) 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.
PT United Tractors Tbk Quick Ratio Related Terms
Thank you for viewing the detailed overview of PT United Tractors Tbk's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PT United Tractors Tbk (PT United Tractors Tbk) Business Description
PT United Tractors Tbk is one of the largest distributors of heavy equipment in Indonesia. It manufactures construction machinery and provides mining services to help customers tap natural resources. The machinery is distributed under various brands and works in the mining, construction, forestry, material handling, and transportation sectors. The company operates contact centers to deliver spare parts, mechanics support, and repair machines for customers. United Tractors operates five business segments: construction machinery, mining contracting (a majority of total revenues), coal mining, gold mining, and construction industry. Mining services pertain to mine design, exploration, extracting, and hauling commodities. The majority of total sales are generated in Indonesia.
PT United Tractors Tbk (PT United Tractors Tbk) Headlines
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