Oneclick Logistics India has a quick ratio of 2.65. It generally indicates good short-term financial strength.
The historical rank and industry rank for Oneclick Logistics India's Quick Ratio or its related term are showing as below:
NSE:OLIL's Quick Ratio is not ranked *
in the Transportation industry.
Industry Median: 1.355 * Ranked among companies with meaningful Quick Ratio only.
Oneclick Logistics India (NSE:OLIL) 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.
Oneclick Logistics India Quick Ratio Related Terms
Oneclick Logistics India Quick Ratio Historical Data
* 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.
Oneclick Logistics India Quick Ratio Chart
Oneclick Logistics India Annual Data
Trend
Mar23
Mar24
Quick Ratio
1.39
3.07
Oneclick Logistics India Semi-Annual Data
Mar23
Sep23
Mar24
Sep24
Quick Ratio
1.39
0.00
3.07
2.65
NSE:OLIL vs UPS, FDX, EXPD: Quick Ratio Comparison
For the Integrated Freight & Logistics subindustry, Oneclick Logistics India'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.
Oneclick Logistics India Quick Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Oneclick Logistics India's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Oneclick Logistics India's Quick Ratio falls into.
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.
Oneclick Logistics India'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.
Oneclick Logistics India (NSE:OLIL) has a Quick Ratio of 2.65 as of Sep. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Oneclick Logistics India and its competitors.
Is Oneclick Logistics India's Quick Ratio too high?
Oneclick Logistics India's current Quick Ratio is 2.65. The Transportation industry median Quick Ratio is 1.36. Oneclick Logistics India's value of 2.65 is 95.6% above this industry median. Overall, Oneclick Logistics India has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Oneclick Logistics India's Quick Ratio compare to UPS and FDX?
Oneclick Logistics India's Quick Ratio of 2.65 can be compared against companies in the Transportation industry. The industry median Quick Ratio is 1.36. Oneclick Logistics India's value of 2.65 is 95.6% 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 Transportation company?
The median Quick Ratio among Transportation companies is 1.36, based on 1,002 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. Oneclick Logistics India's current Quick Ratio of 2.65 is 95.6% 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 Oneclick Logistics India and its competitors. For the Transportation industry, the median Quick Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oneclick Logistics India's current Quick Ratio is 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oneclick Logistics India stock overvalued right now?
Oneclick Logistics India (NSE:OLIL) has a current Quick Ratio of 2.65. The current Quick Ratio is 2.65 and 95.6% above the Transportation industry median of 1.36. Oneclick Logistics India's overall GF Score™ is 13/100. 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 Oneclick Logistics India (NSE:OLIL), the current Quick Ratio is 2.65 as of Sep. 2024. 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.
Oneclick Logistics India Ltd is an integrated logistics services and solutions provider. Its services can be broadly categorized as; non-vessel operating common carrier (NVOCC); ocean and air freight forwarding; bulk cargo handling; and custom clearance, for which It has arranged with third parties who have valid Custom House Agent's Licenses and allied logistics and transportation services. The Company offers its customers a single-window solution thereby negating the need to approach multiple service providers at different levels in the chain of logistics services.
13GF Score
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