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Machino Plastics (BOM:523248) Quick Ratio : 0.72 (As of Sep. 2024)


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What is Machino Plastics 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. Machino Plastics's quick ratio for the quarter that ended in Sep. 2024 was 0.72.

Machino Plastics has a quick ratio of 0.72. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Machino Plastics's Quick Ratio or its related term are showing as below:

BOM:523248' s Quick Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.51   Max: 0.92
Current: 0.72

During the past 13 years, Machino Plastics's highest Quick Ratio was 0.92. The lowest was 0.38. And the median was 0.51.

BOM:523248's Quick Ratio is ranked worse than
71.93% of 1318 companies
in the Vehicles & Parts industry
Industry Median: 1.05 vs BOM:523248: 0.72

Machino Plastics Quick Ratio Historical Data

The historical data trend for Machino Plastics'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.

Machino Plastics Quick Ratio Chart

Machino Plastics Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.45 0.46 0.50 0.56

Machino Plastics Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.57 - 0.56 - 0.72

Competitive Comparison of Machino Plastics's Quick Ratio

For the Auto Parts subindustry, Machino Plastics'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.


Machino Plastics's Quick Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Machino Plastics's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Machino Plastics's Quick Ratio falls into.



Machino Plastics 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.

Machino Plastics's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1011.303-341.902)/1199.37
=0.56

Machino Plastics's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1362.461-349.059)/1408.658
=0.72

* 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.


Machino Plastics  (BOM:523248) 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.


Machino Plastics Quick Ratio Related Terms

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Machino Plastics Business Description

Traded in Other Exchanges
N/A
Address
Delhi-Gurgaon Road, Plot No. 3, Maruti Joint Venture Complex, Udyog Vihar, Phase-IV, Gurgaon, HR, IND, 122015
Machino Plastics Ltd is a automotive component manufacturing company. It is engaged in the manufacture of plastic injection moulded automotive components such as bumpers, dashboards, instruments panels, grills, and others, as original equipment and for the spare parts market. The company operates in the segment of Automotive injection molding plastic components. It derives principal revenue from the sale of products manufactured by it.

Machino Plastics Headlines

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