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Janus (BOM:542924) Quick Ratio

: 8.26 (As of Sep. 2023)
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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. Janus's quick ratio for the quarter that ended in Sep. 2023 was 8.26.

Janus has a quick ratio of 8.26. It generally indicates good short-term financial strength.

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

BOM:542924' s Quick Ratio Range Over the Past 10 Years
Min: 2.05   Med: 5.18   Max: 8.26
Current: 8.26

During the past 6 years, Janus's highest Quick Ratio was 8.26. The lowest was 2.05. And the median was 5.18.

BOM:542924's Quick Ratio is ranked better than
97.68% of 388 companies
in the Building Materials industry
Industry Median: 0.97 vs BOM:542924: 8.26

Janus Quick Ratio Historical Data

The historical data trend for Janus'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.

Janus Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Quick Ratio
Premium Member Only 2.35 2.05 6.51 5.05 4.14

Janus Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Sep23
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.05 5.30 4.14 7.06 8.26

Competitive Comparison

For the Building Materials subindustry, Janus'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.


Janus Quick Ratio Distribution

For the Building Materials industry and Basic Materials sector, Janus's Quick Ratio distribution charts can be found below:

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



Janus 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.

Janus's Quick Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Quick Ratio (A: Mar. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(167.293-0)/40.42
=4.14

Janus's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(73.775-0)/8.934
=8.26

* 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.


Janus  (BOM:542924) 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.


Janus Quick Ratio Related Terms

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Janus (BOM:542924) Business Description

Traded in Other Exchanges
N/A
Address
M Sunderji Road, B-704, Prakriti Apartments, K K W Mill Compound, Thane (West), Thane, MH, IND, 400053
Janus Corp Ltd is engaged in the provision of civil construction, land and site development, landfilling, fencing walls, erection of hoardings, and in the trading of various construction related materials such as cement, iron & steel, sand, soil, aluminum. It is also engaged in Media and Consulting, hospitality support services, and trading of agro products.

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