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. Mosel Vitelic's quick ratio for the quarter that ended in Sep. 2024 was 3.03.
Mosel Vitelic has a quick ratio of 3.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mosel Vitelic's Quick Ratio or its related term are showing as below:
TPE:2342'
s Quick Ratio Range Over the Past 10 Years
Min: 0.51 Med: 2.89 Max: 4.53
Current: 3.03
During the past 13 years, Mosel Vitelic's highest Quick Ratio was 4.53. The lowest was 0.51. And the median was 2.89.
TPE:2342's Quick Ratio is ranked better than 70.23% of 1011
companies
in the Semiconductors industry
Industry Median: 1.79
vs TPE:2342: 3.03
Mosel Vitelic Quick Ratio Historical Data
The historical data trend for Mosel Vitelic'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.
Competitive Comparison of Mosel Vitelic's Quick Ratio
For the Semiconductors subindustry, Mosel Vitelic'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.
Mosel Vitelic's Quick Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Mosel Vitelic's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mosel Vitelic's Quick Ratio falls into.
Mosel Vitelic 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.
Mosel Vitelic's Quick Ratio for the fiscal year that ended in Dec. 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.
Mosel Vitelic (TPE:2342) 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.
Mosel Vitelic Quick Ratio Related Terms
Thank you for viewing the detailed overview of Mosel Vitelic's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mosel Vitelic Inc is a Taiwan-based company providing wafer foundry services. The company focuses on the field of power semiconductor devices and power management IC. The main products include Trench Power MOSFET, Trench IGBT, Analog IC, Trench Schottky Diodes, and electrostatic protection devices as well as various diodes. The end products are widely applied to the fields of computers, LCD monitors and televisions, mobile phone batteries, machine tools, LED lighting, power supplies, and automotive electronics. The company generates a majority of its revenue from Taiwan and the rest from other parts of Asia, Europe, and the Americas.
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