Proventus Agrocom (NSE:PROV) Quick Ratio : 5.17 (As of Mar. 2024)

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What is Proventus Agrocom 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. Proventus Agrocom's quick ratio for the quarter that ended in Mar. 2024 was 5.17.

Proventus Agrocom has a quick ratio of 5.17. It generally indicates good short-term financial strength.

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

NSE:PROV' s Quick Ratio Range Over the Past 10 Years
Min: 1.45 Med: 1.83 Max: 5.17
Current: 5.17

During the past 5 years, Proventus Agrocom's highest Quick Ratio was 5.17. The lowest was 1.45. And the median was 1.83.

NSE:PROV's Quick Ratio is ranked better than
92.28% of 1918 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs NSE:PROV: 5.17

Proventus Agrocom Quick Ratio Historical Data

The historical data trend for Proventus Agrocom'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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Proventus Agrocom Quick Ratio Chart

Proventus Agrocom Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Quick Ratio

1.88

1.78

1.45

5.17

Proventus Agrocom Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24
Quick Ratio	Get a 7-Day Free Trial			1.78	1.45	-	1.78	5.17

Competitive Comparison of Proventus Agrocom's Quick Ratio

For the Packaged Foods subindustry, Proventus Agrocom'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.

Proventus Agrocom's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Proventus Agrocom's Quick Ratio distribution charts can be found below:

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

Proventus Agrocom 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.

Proventus Agrocom's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1304.557	-	317.342)	/	191.058
	=	5.17

Proventus Agrocom's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1304.557	-	317.342)	/	191.058
	=	5.17

Proventus Agrocom (NSE:PROV) 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.

Proventus Agrocom Quick Ratio Related Terms

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Proventus Agrocom (NSE:PROV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proventus Agrocom Ltd (NSE:PROV) » Definitions » Quick Ratio

Traded in Other Exchanges

N/A

Address

Village Mulgaon, MV Road, Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Andheri East, Near Acme Plaza, Mumbai, MH, IND, 400 069

Website

https://www.proventusagro.com

Proventus Agrocom Ltd is an integrated health food brand with a presence in the entire range of dry fruits, nuts, seeds, berries, and healthy snacking products across the value chain. Its approach in the space focuses on diversifying across the baskets and intensifying its presence across the value chain; in the end, being a one-stop shop for the consumers. Its products include cashew, almonds, walnuts, raisins, sunflower seeds, pistachios and other dry fruits, nuts, seeds and berries.