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. Trio-Tech International's quick ratio for the quarter that ended in Dec. 2023 was 2.45.
Trio-Tech International has a quick ratio of 2.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Trio-Tech International's Quick Ratio or its related term are showing as below:
TRT'
s Quick Ratio Range Over the Past 10 Years
Min: 1.13 Med: 1.9 Max: 2.86
Current: 2.45
During the past 13 years, Trio-Tech International's highest Quick Ratio was 2.86. The lowest was 1.13. And the median was 1.90.
TRT's Quick Ratio is ranked better than 62.12% of 998
companies
in the Semiconductors industry
Industry Median: 1.85
vs TRT: 2.45
Trio-Tech International Quick Ratio Historical Data
The historical data trend for Trio-Tech International'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.
Trio-Tech International Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Jun23
Quick Ratio
2.13
2.52
2.50
2.26
2.86
Trio-Tech International Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Quick Ratio
2.22
2.52
2.86
2.27
2.45
Competitive Comparison
For the Semiconductor Equipment & Materials subindustry, Trio-Tech International'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.
Trio-Tech International Quick Ratio Distribution
For the Semiconductors industry and Technology sector, Trio-Tech International's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Trio-Tech International's Quick Ratio falls into.
Trio-Tech International 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.
Trio-Tech International'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.
Trio-Tech International (AMEX:TRT) 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.
Trio-Tech International Quick Ratio Related Terms
Thank you for viewing the detailed overview of Trio-Tech International's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Trio-Tech International (Trio-Tech International) Business Description
Trio-Tech International is a provider of third-party semiconductor testing and burn-in services through its laboratories in Southeast Asia. The company operates in four segments namely Manufacturing, Testing services, Distribution, and Real Estate. Its Manufacturing segment manufactures both front-end and back-end semiconductor test equipment and related peripherals. The Testing segment renders services to the manufacturer and purchaser of semiconductors and other entities. Its Distribution segment is involved in the distribution of its products. The company's Real Estate segment consists of investment in real estate. Its geographical area of operations includes the United States, Singapore, Malaysia, Thailand, and China.
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