The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Tekcore Co's current ratio for the quarter that ended in Mar. 2024 was 3.39.
Tekcore Co has a current ratio of 3.39. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Tekcore Co's Current Ratio or its related term are showing as below:
ROCO:3339'
s Current Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.89 Max: 5.15
Current: 3.39
During the past 13 years, Tekcore Co's highest Current Ratio was 5.15. The lowest was 0.51. And the median was 1.89.
ROCO:3339's Current Ratio is ranked better than 66.57% of 999
companies
in the Semiconductors industry
Industry Median: 2.41
vs ROCO:3339: 3.39
Tekcore Co Current Ratio Historical Data
The historical data trend for Tekcore Co's Current 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 Tekcore Co's Current Ratio
For the Semiconductors subindustry, Tekcore Co's Current Ratio, along with its competitors' market caps and Current 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.
Tekcore Co's Current Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Tekcore Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Tekcore Co's Current Ratio falls into.
Tekcore Co Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Tekcore Co's Current 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.
Tekcore Co (ROCO:3339) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Tekcore Co Current Ratio Related Terms
Thank you for viewing the detailed overview of Tekcore Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tekcore Co Ltd engages in the manufacturing and sales of epitaxial wafers and chips for light-emitting diodes. The company specializes in high brightness chips in green, blue, and ultraviolet wavelengths, as well as red, yellow, and orange chips to cover the various spectrum of visible light. Its products are used in various applications, including large-scale displays and billboards; optic fiber cables; indicator lights; LCD and projection backlighting; low light environments; miniaturized light sources; cell phones, cameras, and other small electronic displays.
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