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Applied CoTSE:3020 +0.12%76 Quick Ratio is 1.85 as of Mar. 2026, which is 24% above its 10-year median of 1.49. GuruFocus rates TSE:3020 with a GF Score™ of 76/100 and a GF Value™ of 円3,153.59 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,499 Hardware companies, Applied Co ranks better than 62.99% on this metric.
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. Applied Co's quick ratio for the quarter that ended in Mar. 2026 was 1.85.
Applied Co has a quick ratio of 1.85. It generally indicates good short-term financial strength.
The historical rank and industry rank for Applied Co's Quick Ratio or its related term are showing as below:
TSE:3020'
s Quick Ratio Range Over the Past 10 Years
Min: 1.09 Med: 1.49 Max: 1.85
Current: 1.85
During the past 13 years, Applied Co's highest Quick Ratio was 1.85. The lowest was 1.09. And the median was 1.49.
TSE:3020's Quick Ratio is ranked better than 62.99% of 2499
companies
in the Hardware industry
Industry Median: 1.46
vs TSE:3020: 1.85
Applied Co (TSE:3020) 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.
Applied Co Quick Ratio Related Terms
Applied Co Quick Ratio Historical Data
* Premium members only.
The historical data trend for Applied 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.
For the Electronics & Computer Distribution subindustry, Applied 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.
Applied Co Quick Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Applied Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Applied Co'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.
Applied Co's Quick Ratio for the fiscal year that ended in Mar. 2026 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.
Applied Co (TSE:3020) has a Quick Ratio of 1.85 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Applied Co and its competitors. This is 24% above median its historical median of 1.49. Over the past decade, Applied Co's Quick Ratio has ranged from 1.09 to 1.85. According to the industry distribution chart, Applied Co ranks #925 out of 2499 companies in the Hardware industry, placing it in the top 37%.
Is Applied Co's Quick Ratio too high?
Applied Co's current Quick Ratio of 1.85 is 24% above median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 1.85. The Hardware industry median Quick Ratio is 1.46. Applied Co's value of 1.85 is 26.7% above this industry median. Based on the distribution chart, Applied Co ranks #925 out of 2499 companies in the Hardware industry, which is above the industry midpoint. Overall, Applied Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Co's Quick Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Applied Co ranks #925 out of 2499 companies for Quick Ratio. This puts Applied Co in the upper half of its industry. The industry median Quick Ratio is 1.46. Applied Co's value of 1.85 is 26.7% above this benchmark. Historically, Applied Co's own Quick Ratio has ranged from 1.09 to 1.85 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 1.46, Applied Co has consistently been above the industry average. 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 Hardware company?
The median Quick Ratio among Hardware companies is 1.46, based on 2,499 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. Applied Co's current Quick Ratio of 1.85 is 26.7% 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 Applied Co and its competitors. For the Hardware industry, the median Quick Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Co's current Quick Ratio is 1.85, which is 24% above median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Co stock overvalued right now?
Based on GuruFocus' analysis, Applied Co (TSE:3020) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,153.59, compared to a current price of 円4,075.00 — trading 29.2% above its estimated fair value. The current Quick Ratio is 1.85, which is 24% above median its 10-year median of 1.49 and 26.7% above the Hardware industry median of 1.46. Applied Co's overall GF Score™ is 76/100 with 1 warning sign to review. 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 Applied Co (TSE:3020), the current Quick Ratio is 1.85 as of Mar. 2026. 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.
Is Applied Co (TSE:3020) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Co stock appears to be overvalued.
The current stock price of 円4,075.00 is trading 29.2% above its estimated GF Value™ of 円3,153.59.
GuruFocus considers Applied Co to be Modestly Overvalued.
Key valuation signals for TSE:3020:
Quick Ratio: 1.85 (24% above median its 10-year median of 1.49)
GF Value™: 円3,153.59 vs. price of 円4,075.00 (29.2% above fair value)
Industry Position: 26.7% above the Hardware median (#925 of 2499)
No single metric tells the full story. See the TSE:3020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Co Ltd is engaged in contract development and maintenance of work WEB systems, digital development, content development for consumers, operation of a game shop, purchase and sale of used handsets, planning and development of technical services, and contract production of OEM products.
76GF Score
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