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. Daisy Group's quick ratio for the quarter that ended in Sep. 2014 was 1.14.
Daisy Group has a quick ratio of 1.14. It generally indicates good short-term financial strength.
The historical rank and industry rank for Daisy Group's Quick Ratio or its related term are showing as below:
FRA:PWH1'
s Quick Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.93 Max: 20.03
Current: 1.03
During the past 13 years, Daisy Group's highest Quick Ratio was 20.03. The lowest was 0.52. And the median was 0.93.
FRA:PWH1's Quick Ratio is not ranked
in the Telecommunication Services industry.
Industry Median: 0.965
vs FRA:PWH1: 1.03
Daisy Group Quick Ratio Historical Data
The historical data trend for Daisy 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 Daisy Group's Quick Ratio
For the Telecom Services subindustry, Daisy 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.
Daisy Group's Quick Ratio Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Daisy Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Daisy Group's Quick Ratio falls into.
Daisy 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.
Daisy Group's Quick Ratio for the fiscal year that ended in Mar. 2014 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.
Daisy Group (FRA:PWH1) 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.
Daisy Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Daisy Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Daisy Group PLC and its subsidiaries provide telecommunication and managed services to UK SME and mid-market businesses. It provides a combined product set including access, hosting, voice, managed services and mobile telephony. The Group's segments comprise Daisy Retail, Daisy Wholesale, and central costs. The Daisy Retail segment engages in the provision of integrated voice and data services to the small medium business market, The Daisy Wholesale segment supplies partners with billing, provisioning and business software solutions in addition to voice, lines and data services. Daisy Distribution provides a full range of mobile handsets and airtime tariffs from O2, Vodafone, Orange and T-Mobile via a dealer network and the Central segment consists of unallocated central activities.
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