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. Raubex Group's quick ratio for the quarter that ended in Aug. 2024 was 1.07.
Raubex Group has a quick ratio of 1.07. It generally indicates good short-term financial strength.
The historical rank and industry rank for Raubex Group's Quick Ratio or its related term are showing as below:
JSE:RBX'
s Quick Ratio Range Over the Past 10 Years
Min: 1 Med: 1.38 Max: 1.6
Current: 1.07
During the past 13 years, Raubex Group's highest Quick Ratio was 1.60. The lowest was 1.00. And the median was 1.38.
JSE:RBX's Quick Ratio is ranked worse than 64.43% of 1740
companies
in the Construction industry
Industry Median: 1.29
vs JSE:RBX: 1.07
Raubex Group Quick Ratio Historical Data
The historical data trend for Raubex 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 Raubex Group's Quick Ratio
For the Engineering & Construction subindustry, Raubex 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.
Raubex Group's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Raubex Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Raubex Group's Quick Ratio falls into.
Raubex 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.
Raubex Group's Quick Ratio for the fiscal year that ended in Feb. 2024 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.
Raubex Group (JSE:RBX) 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.
Raubex Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Raubex Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The Company operates in four key segments which include Materials Handling and Mining (contract crushing, mining services, resource ownership), Construction Materials (aggregates, asphalt, bituminous products), Roads and Earthworks (road construction, surfacing, rehabilitation), and Infrastructure (renewable energy, facilities management, telecommunications, housing, commercial construction). Each segment is vital to the Group's diverse operations in mining, construction materials, infrastructure, and related services. It makes the majority of its revenue from Roads and Earthworks segment.
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