Victorias Milling Co (PHS:VMC) Quick Ratio : 2.01 (As of Feb. 2024)

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What is Victorias Milling Co 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. Victorias Milling Co's quick ratio for the quarter that ended in Feb. 2024 was 2.01.

Victorias Milling Co has a quick ratio of 2.01. It generally indicates good short-term financial strength.

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

PHS:VMC' s Quick Ratio Range Over the Past 10 Years
Min: 0.98 Med: 2.03 Max: 4.85
Current: 2.01

During the past 13 years, Victorias Milling Co's highest Quick Ratio was 4.85. The lowest was 0.98. And the median was 2.03.

PHS:VMC's Quick Ratio is ranked better than
74.43% of 1928 companies
in the Consumer Packaged Goods industry
Industry Median: 1.04 vs PHS:VMC: 2.01

Victorias Milling Co Quick Ratio Historical Data

The historical data trend for Victorias Milling Co'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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Victorias Milling Co Quick Ratio Chart

Victorias Milling Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Quick Ratio

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2.05

2.70

4.85

4.57

2.38

Victorias Milling Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Quick Ratio	Get a 7-Day Free Trial															2.60	2.96	2.38	1.57	2.01

Competitive Comparison of Victorias Milling Co's Quick Ratio

For the Confectioners subindustry, Victorias Milling Co'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.

Victorias Milling Co's Quick Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Victorias Milling Co's Quick Ratio falls into.

Victorias Milling Co 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.

Victorias Milling Co's Quick Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Quick Ratio (A: Aug. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(5390.238	-	1642.736)	/	1573.162
	=	2.38

Victorias Milling Co's Quick Ratio for the quarter that ended in Feb. 2024 is calculated as

Quick Ratio (Q: Feb. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(5995.034	-	2387.481)	/	1797.716
	=	2.01

Victorias Milling Co (PHS:VMC) 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.

Victorias Milling Co Quick Ratio Related Terms

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Victorias Milling Co (PHS:VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Victorias Milling Co Inc (PHS:VMC) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

J.J. Ossorio Street, VMC Compound, Barangay XVI, Victorias, NEC, PHL, 6119

Website

https://www.victoriasmilling.com

Victorias Milling Co Inc is a Philippines-based company engaged in sugar manufacturing. The company also focuses on producing and selling canned sardines, hot Bangus, mackerel, luncheon meat, and other meat products. It is also involved in developing and selling real estate properties, operating golf clubs, and other activities. The company operates in business segments that are Sugar Milling, Distillery Operations, Power Generation and others. The Sugar Milling segment generates maximum revenue for the company.