Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS (IST:GATEG) Quick Ratio: 2.11 (As of Mar. 2023)

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IST:GATEG Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS IST:GATEG
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What is Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS Quick Ratio?

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS IST:GATEG +1.61% 5 Quick Ratio is 2.11 as of Mar. 2023. GuruFocus rates IST:GATEG with a GF Score™ of 5/100.

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. Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's quick ratio for the quarter that ended in Mar. 2023 was 2.11.

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS has a quick ratio of 2.11. It generally indicates good short-term financial strength.

The historical rank and industry rank for Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's Quick Ratio or its related term are showing as below:

IST:GATEG's Quick Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.67
* Ranked among companies with meaningful Quick Ratio only.

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS  (IST:GATEG) 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.


Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS Quick Ratio Related Terms


Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS Quick Ratio Historical Data

* Premium members only.

The historical data trend for Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS'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.

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS Quick Ratio Chart

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 0.55 1.15 1.92 2.26

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 1.66 1.49 1.76 2.26 2.11

IST:GATEG vs ALLE, MSA, ADT: Quick Ratio Comparison

For the Security & Protection Services subindustry, Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS'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.


Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS Quick Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's Quick Ratio falls into.


IST:GATEG
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Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS IST:GATEG
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Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS 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.

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(88.04-17.644)/31.083
=2.26

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's Quick Ratio for the quarter that ended in Mar. 2023 is calculated as

Quick Ratio (Q: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(90.708-17.324)/34.83
=2.11

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 2.11 mean?
Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS (IST:GATEG) has a Quick Ratio of 2.11 as of Mar. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS and its competitors.
Is Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's Quick Ratio too high?
Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's current Quick Ratio is 2.11. The Business Services industry median Quick Ratio is 1.67. Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's value of 2.11 is 26.3% above this industry median. Overall, Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's Quick Ratio compare to ALLE and MSA?
Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's Quick Ratio of 2.11 can be compared against companies in the Business Services industry. The industry median Quick Ratio is 1.67. Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's value of 2.11 is 26.3% above this benchmark. 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 Business Services company?
The median Quick Ratio among Business Services companies is 1.67, based on 1,091 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. Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's current Quick Ratio of 2.11 is 26.3% above 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 Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS and its competitors. For the Business Services industry, the median Quick Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's current Quick Ratio is 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS stock overvalued right now?
Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS (IST:GATEG) has a current Quick Ratio of 2.11. The current Quick Ratio is 2.11 and 26.3% above the Business Services industry median of 1.67. Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS's overall GF Score™ is 5/100. 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 Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS (IST:GATEG), the current Quick Ratio is 2.11 as of Mar. 2023. 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.

Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS Business Description

Address Buyukdere Street, Block A, No. 201/40, LOFT Residence Apartment Building, Esentepe Neighborhood, Sisli, Istanbul, TUR, 34373
Gate Group Teknoloji Medya ve Siber Guvenlik Hizmetleri AS is engaged in the business of Electronic Security Systems. The company's business scope include electronic security systems, energy-related services, entertainment media, giftware, toys, jewellery and artistic products, software and computer technology services, etc.
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