DTC Enterprise PCL has a quick ratio of 5.77. It generally indicates good short-term financial strength.
The historical rank and industry rank for DTC Enterprise PCL's Quick Ratio or its related term are showing as below:
BKK:DTCENT'
s Quick Ratio Range Over the Past 10 Years
Min: 2.05 Med: 3.38 Max: 7.69
Current: 5.77
During the past 5 years, DTC Enterprise PCL's highest Quick Ratio was 7.69. The lowest was 2.05. And the median was 3.38.
BKK:DTCENT's Quick Ratio is ranked better than 92.77% of 2476
companies
in the Hardware industry
Industry Median: 1.44
vs BKK:DTCENT: 5.77
DTC Enterprise PCL Quick Ratio Historical Data
The historical data trend for DTC Enterprise 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 DTC Enterprise PCL's Quick Ratio
For the Scientific & Technical Instruments subindustry, DTC Enterprise 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.
DTC Enterprise PCL's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, DTC Enterprise PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where DTC Enterprise PCL's Quick Ratio falls into.
DTC Enterprise 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.
DTC Enterprise PCL's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
DTC Enterprise PCL (BKK:DTCENT) 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.
DTC Enterprise PCL Quick Ratio Related Terms
Thank you for viewing the detailed overview of DTC Enterprise PCL's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
DTC Enterprise PCL designs, research, develop, distribute, and provide vehicle tracking devices (GPS Tracking) and develop a complete range of IoT Solution and Artificial Intelligence (AI), including research and development of software systems for transportation management and other. The company has four segments namely, GPS tracking business, Software business, IoT business and Other businesses. The majority of revenue is generated through GPS tracking business. The company's products consist of GPS tracking systems, Mobile DVR, Software, and Solutions.
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