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Super Retail Group (ASX:SUL) Quick Ratio : 0.29 (As of Jun. 2024)


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What is Super Retail Group Quick Ratio?

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. Super Retail Group's quick ratio for the quarter that ended in Jun. 2024 was 0.29.

Super Retail Group has a quick ratio of 0.29. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Super Retail Group's Quick Ratio or its related term are showing as below:

ASX:SUL' s Quick Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.19   Max: 0.41
Current: 0.29

During the past 13 years, Super Retail Group's highest Quick Ratio was 0.41. The lowest was 0.10. And the median was 0.19.

ASX:SUL's Quick Ratio is ranked worse than
86.63% of 1122 companies
in the Retail - Cyclical industry
Industry Median: 0.85 vs ASX:SUL: 0.29

Super Retail Group Quick Ratio Historical Data

The historical data trend for Super Retail Group'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.

Super Retail Group Quick Ratio Chart

Super Retail Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.31 0.10 0.32 0.29

Super Retail Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.28 0.32 0.35 0.29

Competitive Comparison of Super Retail Group's Quick Ratio

For the Specialty Retail subindustry, Super Retail Group'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.


Super Retail Group's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Super Retail Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Super Retail Group's Quick Ratio falls into.



Super Retail Group 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.

Super Retail Group's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Quick Ratio (A: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1114-846.1)/931.4
=0.29

Super Retail Group's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1114-846.1)/931.4
=0.29

* 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.


Super Retail Group  (ASX:SUL) 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.


Super Retail Group Quick Ratio Related Terms

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Super Retail Group Business Description

Traded in Other Exchanges
N/A
Address
6 Coulthards Avenue, P.O. Box 344, Strathpine, Moreton Bay, QLD, AUS, 4500
Super Retail operates in Australia and New Zealand selling auto parts, sporting goods, and outdoor leisure equipment. The group generates revenue of close to AUD 4 billion. There are generally a handful of larger players in each category in which the firm operates, with Super Retail the market leader in all three categories. The firm is growing organically, by expanding its physical store network and building its e-commerce capabilities. The last meaningful acquisitions were sporting goods retailer Rebel in fiscal 2012 and outdoor specialist Macpac in 2018.

Super Retail Group Headlines

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