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PT Jayamas Medica Industri Tbk (ISX:OMED) Quick Ratio : 10.96 (As of Mar. 2024)


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What is PT Jayamas Medica Industri Tbk 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. PT Jayamas Medica Industri Tbk's quick ratio for the quarter that ended in Mar. 2024 was 10.96.

PT Jayamas Medica Industri Tbk has a quick ratio of 10.96. It generally indicates good short-term financial strength.

The historical rank and industry rank for PT Jayamas Medica Industri Tbk's Quick Ratio or its related term are showing as below:

ISX:OMED' s Quick Ratio Range Over the Past 10 Years
Min: 3.88   Med: 10.41   Max: 13.81
Current: 10.96

During the past 5 years, PT Jayamas Medica Industri Tbk's highest Quick Ratio was 13.81. The lowest was 3.88. And the median was 10.41.

ISX:OMED's Quick Ratio is ranked better than
93.68% of 870 companies
in the Medical Devices & Instruments industry
Industry Median: 2.035 vs ISX:OMED: 10.96

PT Jayamas Medica Industri Tbk Quick Ratio Historical Data

The historical data trend for PT Jayamas Medica Industri Tbk'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.

PT Jayamas Medica Industri Tbk Quick Ratio Chart

PT Jayamas Medica Industri Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
7.49 3.88 3.96 6.89 10.60

PT Jayamas Medica Industri Tbk Quarterly Data
Dec19 Dec20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.41 12.07 13.81 10.60 10.96

Competitive Comparison of PT Jayamas Medica Industri Tbk's Quick Ratio

For the Medical Instruments & Supplies subindustry, PT Jayamas Medica Industri Tbk'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.


PT Jayamas Medica Industri Tbk's Quick Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, PT Jayamas Medica Industri Tbk's Quick Ratio distribution charts can be found below:

* The bar in red indicates where PT Jayamas Medica Industri Tbk's Quick Ratio falls into.



PT Jayamas Medica Industri Tbk 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.

PT Jayamas Medica Industri Tbk's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2047267.019-604756.484)/136134.311
=10.60

PT Jayamas Medica Industri Tbk's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2090470.174-616167.02)/134463.795
=10.96

* 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.


PT Jayamas Medica Industri Tbk  (ISX:OMED) 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.


PT Jayamas Medica Industri Tbk Quick Ratio Related Terms

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PT Jayamas Medica Industri Tbk (ISX:OMED) Business Description

Traded in Other Exchanges
N/A
Address
Sebelah Selatan Jalan By Pass RT 05 / RW 01, Kelurahan Sidomojo, Kecamatan Krian, Sidoarjo, Jawa Timur, East Java, IDN, 61262
PT Jayamas Medica Industri Tbk is engaged in the business of manufacturing medical devices and other household health supplies. It initially began with the manufacture of urine bags, OneMed later expanded in the manufacturing business of medical equipment and supplies in Indonesia with a range of variants of products manufactured locally. The Company and its Subsidiaries has three main divisions: Manufacturing; Distribution and Retail.

PT Jayamas Medica Industri Tbk (ISX:OMED) Headlines

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