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. Cho Thavee PCL's quick ratio for the quarter that ended in Sep. 2024 was 0.35.
Cho Thavee PCL has a quick ratio of 0.35. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Cho Thavee PCL's Quick Ratio or its related term are showing as below:
BKK:CHO'
s Quick Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.58 Max: 0.91
Current: 0.35
During the past 13 years, Cho Thavee PCL's highest Quick Ratio was 0.91. The lowest was 0.22. And the median was 0.58.
BKK:CHO's Quick Ratio is ranked worse than 95.28% of 212
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.1
vs BKK:CHO: 0.35
Cho Thavee PCL Quick Ratio Historical Data
The historical data trend for Cho Thavee PCL'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.
Competitive Comparison of Cho Thavee PCL's Quick Ratio
For the Farm & Heavy Construction Machinery subindustry, Cho Thavee PCL'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.
Cho Thavee PCL's Quick Ratio Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cho Thavee PCL's Quick Ratio falls into.
Cho Thavee PCL 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.
Cho Thavee PCL'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.
Cho Thavee PCL (BKK:CHO) 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.
Cho Thavee PCL Quick Ratio Related Terms
Thank you for viewing the detailed overview of Cho Thavee PCL's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.
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