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Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS (IST:GIPTA) Cash Ratio : 1.22 (As of Sep. 2024)


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What is Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio for the quarter that ended in Sep. 2024 was 1.22.

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS has a Cash Ratio of 1.22. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio or its related term are showing as below:

IST:GIPTA' s Cash Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.22   Max: 3.25
Current: 1.22

During the past 4 years, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's highest Cash Ratio was 3.25. The lowest was 0.63. And the median was 1.22.

IST:GIPTA's Cash Ratio is ranked better than
83.23% of 1103 companies
in the Retail - Cyclical industry
Industry Median: 0.33 vs IST:GIPTA: 1.22

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Cash Ratio Historical Data

The historical data trend for Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash 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.

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Cash Ratio Chart

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash Ratio
1.07 0.73 0.78 3.25

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Quarterly Data
Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.82 3.25 1.64 1.67 1.22

Competitive Comparison of Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio

For the Specialty Retail subindustry, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio, along with its competitors' market caps and Cash 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.


Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio falls into.



Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=794.828/244.556
=3.25

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=657.812/538.734
=1.22

* 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.


Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS  (IST:GIPTA) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.


Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Cash Ratio Related Terms

Thank you for viewing the detailed overview of Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Business Description

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Traded in Other Exchanges
N/A
Address
Zubeyde Hanim Mah., Kazim Karabekir Cad. No:7/82, Altindag district, Ankara, TUR
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalat Sanayi AS is a company that sells stationery products. They offer a wide range of products in the fields of notebooks, school stationery, office products and promotions.

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