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. Konica Minolta's quick ratio for the quarter that ended in Sep. 2024 was 1.06.
Konica Minolta has a quick ratio of 1.06. It generally indicates good short-term financial strength.
The historical rank and industry rank for Konica Minolta's Quick Ratio or its related term are showing as below:
KNCAF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.28 Max: 1.67
Current: 1.06
During the past 13 years, Konica Minolta's highest Quick Ratio was 1.67. The lowest was 0.81. And the median was 1.28.
KNCAF's Quick Ratio is ranked worse than 66.2% of 3021
companies
in the Industrial Products industry
Industry Median: 1.39
vs KNCAF: 1.06
Konica Minolta Quick Ratio Historical Data
The historical data trend for Konica Minolta'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 Konica Minolta's Quick Ratio
For the Business Equipment & Supplies subindustry, Konica Minolta'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.
Konica Minolta's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Konica Minolta's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Konica Minolta's Quick Ratio falls into.
Konica Minolta 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.
Konica Minolta's Quick Ratio for the fiscal year that ended in Mar. 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.
Konica Minolta (OTCPK:KNCAF) 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.
Konica Minolta Quick Ratio Related Terms
Thank you for viewing the detailed overview of Konica Minolta's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Konica Minolta Inc is a Japanese equipment and material manufacturer that operates globally, generating most of its revenue in Europe, North America and Japan. The company is divided into the office, professional print, healthcare, and the industrial segments. The office business (which includes office tools such as printers as well as IT solutions) is the contributor to revenue, followed by the professional print business (which includes commercial and industrial print systems). The industrial business focuses on development, manufacture, and sales of performance materials and optical systems for industrial use. The healthcare segment provides X-ray diagnostics systems, ultrasound diagnostics tools, and medical IT services.
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