MDJM (UOKA) Quick Ratio : 3.70 (As of Jun. 2024)

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What is MDJM 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. MDJM's quick ratio for the quarter that ended in Jun. 2024 was 3.70.

MDJM has a quick ratio of 3.70. It generally indicates good short-term financial strength.

The historical rank and industry rank for MDJM's Quick Ratio or its related term are showing as below:

UOKA' s Quick Ratio Range Over the Past 10 Years
Min: 3.53 Med: 7.02 Max: 12.86
Current: 3.7

During the past 8 years, MDJM's highest Quick Ratio was 12.86. The lowest was 3.53. And the median was 7.02.

UOKA's Quick Ratio is ranked better than
87.67% of 1809 companies
in the Real Estate industry
Industry Median: 0.82 vs UOKA: 3.70

MDJM Quick Ratio Historical Data

The historical data trend for MDJM'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.

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MDJM Quick Ratio Chart

MDJM Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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12.86

6.97

5.93

3.53

5.60

MDJM Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Quick Ratio	Get a 7-Day Free Trial											7.02	3.53	6.91	5.60	3.70

Competitive Comparison of MDJM's Quick Ratio

For the Real Estate Services subindustry, MDJM'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.

MDJM's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, MDJM's Quick Ratio distribution charts can be found below:

* The bar in red indicates where MDJM's Quick Ratio falls into.

MDJM 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.

MDJM'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
	=	(0.683	-	0)	/	0.122
	=	5.60

MDJM's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1.039	-	0)	/	0.281
	=	3.70

MDJM (NAS:UOKA) 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.

MDJM Quick Ratio Related Terms

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MDJM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » MDJM Ltd (NAS:UOKA) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

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Address

Fernie Castle, Letham, Cupar, Fife, GBR, KY15 7RU

Website

http://ir.mdjmjh.com

MDJM Ltd is a real estate service company. The company provides real estate agency services to real estate developer clients, as well as real estate consulting services and independent training services on an as-needed basis. It offers consulting, marketing planning, advertising services, and sales strategies to real estate clients. The company income is derived from commission-based services and minimal consulting and other services. The company has two operating segments; the real estate agent services segment and the hospitality business segment. It derives a majority of its revenue from the People's Republic of China.