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. Yong Thai PCL's quick ratio for the quarter that ended in Mar. 2021 was 0.44.
Yong Thai PCL has a quick ratio of 0.44. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Yong Thai PCL's Quick Ratio or its related term are showing as below:
BKK:YCI-R'
s Quick Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.23 Max: 1.66
Current: 0.44
During the past 13 years, Yong Thai PCL's highest Quick Ratio was 1.66. The lowest was 0.03. And the median was 0.23.
BKK:YCI-R's Quick Ratio is not ranked
in the Chemicals industry.
Industry Median: 1.37
vs BKK:YCI-R: 0.44
Yong Thai PCL (BKK:YCI-R) 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.
Yong Thai PCL Quick Ratio Related Terms
Yong Thai PCL Quick Ratio Historical Data
* Premium members only.
The historical data trend for Yong Thai 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.
For the Chemicals subindustry, Yong Thai 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.
Yong Thai PCL Quick Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Yong Thai PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Yong Thai PCL's Quick Ratio falls into.
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.
Yong Thai PCL's Quick Ratio for the fiscal year that ended in Dec. 2019 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.
Yong Thai PCL (BKK:YCI-R) has a Quick Ratio of 0.44 as of Mar. 2021. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Yong Thai PCL and its competitors. This is 91% above median its historical median of 0.23. Over the past decade, Yong Thai PCL's Quick Ratio has ranged from 0.03 to 1.66.
Is Yong Thai PCL's Quick Ratio too high?
Yong Thai PCL's current Quick Ratio of 0.44 is 91% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.66. The Chemicals industry median Quick Ratio is 1.37. Yong Thai PCL's value of 0.44 is 67.9% below this industry median. Overall, Yong Thai PCL has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Yong Thai PCL's Quick Ratio compare to APD and DD?
Yong Thai PCL's Quick Ratio of 0.44 can be compared against companies in the Chemicals industry. The industry median Quick Ratio is 1.37. Yong Thai PCL's value of 0.44 is 67.9% below this benchmark. Historically, Yong Thai PCL's own Quick Ratio has ranged from 0.03 to 1.66 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 1.37, Yong Thai PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Chemicals company?
The median Quick Ratio among Chemicals companies is 1.37, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Yong Thai PCL's current Quick Ratio of 0.44 is 67.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Yong Thai PCL and its competitors. For the Chemicals industry, the median Quick Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yong Thai PCL's current Quick Ratio is 0.44, which is 91% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yong Thai PCL stock overvalued right now?
Yong Thai PCL (BKK:YCI-R) has a current Quick Ratio of 0.44. The current Quick Ratio is 0.44, which is 91% above median its 10-year median of 0.23 and 67.9% below the Chemicals industry median of 1.37. Yong Thai PCL's overall GF Score™ is 4/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Yong Thai PCL (BKK:YCI-R), the current Quick Ratio is 0.44 as of Mar. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Yong Thai PCL is a Thailand-based company engaged in the production of industrial chemicals. It has a single reportable segment which is the Business concerning zirconium production. Its business operation is located in Thailand. The products offered by the company include Zirconium Silicate, Zircon Flour, Zircon Sand, Liquid Acid, Sulphur, and Aluminium Hydroxide.
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