Yasons Chemex Care has a quick ratio of 2.00. It generally indicates good short-term financial strength.
The historical rank and industry rank for Yasons Chemex Care's Quick Ratio or its related term are showing as below:
NSE:YCCL's Quick Ratio is not ranked *
in the Chemicals industry.
Industry Median: 1.38 * Ranked among companies with meaningful Quick Ratio only.
Yasons Chemex Care (NSE:YCCL) 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.
Yasons Chemex Care Quick Ratio Related Terms
Yasons Chemex Care Quick Ratio Historical Data
* Premium members only.
The historical data trend for Yasons Chemex Care'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.
Yasons Chemex Care Quick Ratio Chart
Yasons Chemex Care Annual Data
Trend
Mar19
Mar20
Mar21
Mar22
Mar23
Quick Ratio
4.69
2.57
1.66
1.57
2.00
Yasons Chemex Care Semi-Annual Data
Mar19
Mar20
Mar21
Mar22
Mar23
Quick Ratio
4.69
2.57
1.66
1.57
2.00
NSE:YCCL vs LIN, SHW, ECL: Quick Ratio Comparison
For the Specialty Chemicals subindustry, Yasons Chemex Care'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.
Yasons Chemex Care Quick Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Yasons Chemex Care's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Yasons Chemex Care'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.
Yasons Chemex Care's Quick Ratio for the fiscal year that ended in Mar. 2023 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.
Yasons Chemex Care (NSE:YCCL) has a Quick Ratio of 2.00 as of Mar. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Yasons Chemex Care and its competitors.
Is Yasons Chemex Care's Quick Ratio too high?
Yasons Chemex Care's current Quick Ratio is 2.00. The Chemicals industry median Quick Ratio is 1.38. Yasons Chemex Care's value of 2.00 is 44.9% above this industry median. Overall, Yasons Chemex Care has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Yasons Chemex Care's Quick Ratio compare to LIN and SHW?
Yasons Chemex Care's Quick Ratio of 2.00 can be compared against companies in the Chemicals industry. The industry median Quick Ratio is 1.38. Yasons Chemex Care's value of 2.00 is 44.9% 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 Chemicals company?
The median Quick Ratio among Chemicals companies is 1.38, based on 1,609 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. Yasons Chemex Care's current Quick Ratio of 2.00 is 44.9% 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 Yasons Chemex Care and its competitors. For the Chemicals industry, the median Quick Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yasons Chemex Care's current Quick Ratio is 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yasons Chemex Care stock overvalued right now?
Yasons Chemex Care (NSE:YCCL) has a current Quick Ratio of 2.00. The current Quick Ratio is 2.00 and 44.9% above the Chemicals industry median of 1.38. Yasons Chemex Care's overall GF Score™ is 17/100. 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 Yasons Chemex Care (NSE:YCCL), the current Quick Ratio is 2.00 as of Mar. 2023. 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.
Yasons Chemex Care Ltd is engaged in manufacturing dyes & pigment paste, IMCG, and FMCG products. The IMCG products of the company includes Textile dyes, pigments and paints. The Company also manufactures a wide range of pigment paste from various chemicals. Within FMCG it manufactures or packages products such as hair oil, perfumes & deodorant, handmade soap, sanitizer, etc., under its brand name PLXO.
17GF Score
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