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. PBT Group's quick ratio for the quarter that ended in Sep. 2023 was 2.37.
PBT Group has a quick ratio of 2.37. It generally indicates good short-term financial strength.
The historical rank and industry rank for PBT Group's Quick Ratio or its related term are showing as below:
JSE:PBG'
s Quick Ratio Range Over the Past 10 Years
Min: 1.04 Med: 2.2 Max: 5.02
Current: 2.37
During the past 13 years, PBT Group's highest Quick Ratio was 5.02. The lowest was 1.04. And the median was 2.20.
JSE:PBG's Quick Ratio is ranked better than 66.02% of 2831
companies
in the Software industry
Industry Median: 1.65
vs JSE:PBG: 2.37
PBT Group Quick Ratio Historical Data
The historical data trend for PBT 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.
For the Information Technology Services subindustry, PBT 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.
PBT Group's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, PBT Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where PBT Group's Quick Ratio falls into.
PBT 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.
PBT Group's Quick Ratio for the fiscal year that ended in Mar. 2023 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.
PBT Group (JSE:PBG) 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.
PBT Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of PBT Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PBT Group Ltd is a South African-based company that offers information management and data analytics services. The company's operating segments are based on geographical locations namely South Africa, Australia, Europe and Other. It generates maximum revenue from the South Africa segment. South Africa segment includes consulting and implementation of data, management information software and healthcare administration services in the Republic of South Africa. It serves finance, insurance, telecommunications, retail, petroleum and medical healthcare industries. The company services include Data Engineering, Analytics and Visualization, Artificial Intelligence, Managed Solutions, Advisory and Strategic Services, Application Development and others.
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