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PT Tripar Multivsion Plus TBK (ISX:RAAM) Quick Ratio : 3.01 (As of Dec. 2023)


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What is PT Tripar Multivsion Plus 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 Tripar Multivsion Plus TBK's quick ratio for the quarter that ended in Dec. 2023 was 3.01.

PT Tripar Multivsion Plus TBK has a quick ratio of 3.01. It generally indicates good short-term financial strength.

The historical rank and industry rank for PT Tripar Multivsion Plus TBK's Quick Ratio or its related term are showing as below:

ISX:RAAM' s Quick Ratio Range Over the Past 10 Years
Min: 0.83   Med: 0.94   Max: 3.01
Current: 3.01

During the past 5 years, PT Tripar Multivsion Plus TBK's highest Quick Ratio was 3.01. The lowest was 0.83. And the median was 0.94.

ISX:RAAM's Quick Ratio is ranked better than
80.11% of 1056 companies
in the Media - Diversified industry
Industry Median: 1.46 vs ISX:RAAM: 3.01

PT Tripar Multivsion Plus TBK Quick Ratio Historical Data

The historical data trend for PT Tripar Multivsion Plus 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 Tripar Multivsion Plus TBK Quick Ratio Chart

PT Tripar Multivsion Plus TBK Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
0.94 0.90 0.83 1.83 3.01

PT Tripar Multivsion Plus TBK Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.71 1.83 2.70 2.61 3.01

Competitive Comparison of PT Tripar Multivsion Plus TBK's Quick Ratio

For the Entertainment subindustry, PT Tripar Multivsion Plus 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 Tripar Multivsion Plus TBK's Quick Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PT Tripar Multivsion Plus TBK's Quick Ratio distribution charts can be found below:

* The bar in red indicates where PT Tripar Multivsion Plus TBK's Quick Ratio falls into.



PT Tripar Multivsion Plus 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 Tripar Multivsion Plus 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
=(551386.658-22477.174)/175608.418
=3.01

PT Tripar Multivsion Plus TBK's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(551386.658-22477.174)/175608.418
=3.01

* 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 Tripar Multivsion Plus TBK  (ISX:RAAM) 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 Tripar Multivsion Plus TBK Quick Ratio Related Terms

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PT Tripar Multivsion Plus TBK (ISX:RAAM) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Kuningan Mulia Lot 9B, Multivision Tower, Lt. 21 – 23, Kuningan, Jakarta Selatan, IDN, 12980
PT Tripar Multivsion Plus TBK is a film production company that specializes in creating visually stunning and impactful content. It has two segments Film production segment which include Sinetron, Digital, Film and Cinema segment include Ticket, Food and Beverage. Its majority of the revenue comes from the Film Production.

PT Tripar Multivsion Plus TBK (ISX:RAAM) Headlines

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