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. Beroni Group's quick ratio for the quarter that ended in Jun. 2023 was 1.27.
Beroni Group has a quick ratio of 1.27. It generally indicates good short-term financial strength.
The historical rank and industry rank for Beroni Group's Quick Ratio or its related term are showing as below:
BNIGF'
s Quick Ratio Range Over the Past 10 Years
Min: 1.27 Med: 7.69 Max: 53.51
Current: 1.27
During the past 7 years, Beroni Group's highest Quick Ratio was 53.51. The lowest was 1.27. And the median was 7.69.
BNIGF's Quick Ratio is ranked better than 55.53% of 533
companies
in the Conglomerates industry
Industry Median: 1.18
vs BNIGF: 1.27
Beroni Group Quick Ratio Historical Data
The historical data trend for Beroni 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.
Competitive Comparison of Beroni Group's Quick Ratio
For the Conglomerates subindustry, Beroni 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.
Beroni Group's Quick Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Beroni Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Beroni Group's Quick Ratio falls into.
Beroni 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.
Beroni Group'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.
Beroni Group (OTCPK:BNIGF) 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.
Beroni Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Beroni Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Beroni Group Ltd is an Australia based company engaged in the sale of smoking control product (NicoBloc), air purifier, healthcare products and supplements, cosmetics and stem-cell therapies. It has organized its business into four core business areas: cell therapies, developing new anticancer drugs, an e-commerce platform for pharmaceutical and healthcare products, and detection & diagnosis of infectious diseases. Its operating segment includes Nicobloc, Fogibloc air purifier, Olansi water filter, Health supplements, Cosmetic products, Viral diagnostic kits, and Technical advisory service. Geographically, it operates in China and Japan. The highest revenue is generated from the Nicobloc segment through the China region.
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