Oman Ceramics CoOG (MUS:OMCI) Quick Ratio: 1.36 (As of Mar. 2018)

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What is Oman Ceramics CoOG Quick Ratio?

Oman Ceramics CoOG MUS:OMCI Quick Ratio is 1.36 as of Mar. 2018.

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. Oman Ceramics CoOG's quick ratio for the quarter that ended in Mar. 2018 was 1.36.

Oman Ceramics CoOG has a quick ratio of 1.36. It generally indicates good short-term financial strength.

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

MUS:OMCI's Quick Ratio is not ranked *
in the Construction industry.
Industry Median: 1.29
* Ranked among companies with meaningful Quick Ratio only.

Oman Ceramics CoOG  (MUS:OMCI) 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.


Oman Ceramics CoOG Quick Ratio Related Terms


Oman Ceramics CoOG Quick Ratio Historical Data

* Premium members only.

The historical data trend for Oman Ceramics CoOG'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.

Oman Ceramics CoOG Quick Ratio Chart

Oman Ceramics CoOG Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.34 1.35 1.24 1.63

Oman Ceramics CoOG Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.34 1.42 1.63 1.36

Oman Ceramics CoOG Quick Ratio Competitor Comparison

For the Building Products & Equipment subindustry, Oman Ceramics CoOG'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.


Oman Ceramics CoOG Quick Ratio vs Construction Industry

For the Construction industry and Industrials sector, Oman Ceramics CoOG's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Oman Ceramics CoOG's Quick Ratio falls into.



Oman Ceramics CoOG 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.

Oman Ceramics CoOG's Quick Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Quick Ratio (A: Dec. 2017 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.919-1.348)/0.961
=1.63

Oman Ceramics CoOG's Quick Ratio for the quarter that ended in Mar. 2018 is calculated as

Quick Ratio (Q: Mar. 2018 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.537-1.255)/0.941
=1.36

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 1.36 mean?
Oman Ceramics CoOG (MUS:OMCI) has a Quick Ratio of 1.36 as of Mar. 2018. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Oman Ceramics CoOG and its competitors.
Is Oman Ceramics CoOG's Quick Ratio too high?
Oman Ceramics CoOG's current Quick Ratio is 1.36. The Construction industry median Quick Ratio is 1.29. Oman Ceramics CoOG's value of 1.36 is 5.4% above this industry median.
How does Oman Ceramics CoOG's Quick Ratio compare to competitors?
Oman Ceramics CoOG's Quick Ratio of 1.36 can be compared against companies in the Construction industry. The industry median Quick Ratio is 1.29. Oman Ceramics CoOG's value of 1.36 is 5.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Construction company?
The median Quick Ratio among Construction companies is 1.29, based on 1,785 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oman Ceramics CoOG's current Quick Ratio of 1.36 is 5.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Oman Ceramics CoOG and its competitors. For the Construction industry, the median Quick Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oman Ceramics CoOG's current Quick Ratio is 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman Ceramics CoOG stock overvalued right now?
Oman Ceramics CoOG (MUS:OMCI) has a current Quick Ratio of 1.36. The current Quick Ratio is 1.36 and 5.4% above the Construction industry median of 1.29. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Oman Ceramics CoOG (MUS:OMCI), the current Quick Ratio is 1.36 as of Mar. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Oman Ceramics CoOG Business Description

Address Road No .9, Sohar Industrial Estate, P.O.Box 46, Sohar, OMN, 327
Oman Ceramics Co SAOG is principally engaged in manufacturing and selling of various types of ceramic sanitary wares. The product line of the company includes water closet, wash basin, bidet, accessories, urinals, shower tray, seat covers, flushing machine, mixers, showers, shattaf, and angle valve and others. The company markets its products in various countries such as UK, USA, UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, Jordan, Syria, India, Yemen and South Africa. Oman Ceramics operates through the single segment being the Manufacture of ceramic sanitary wares and related products.