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. Trust Co's quick ratio for the quarter that ended in Sep. 2024 was 0.72.
Trust Co has a quick ratio of 0.72. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Trust Co's Quick Ratio or its related term are showing as below:
TSE:3347'
s Quick Ratio Range Over the Past 10 Years
Min: 0.69 Med: 0.81 Max: 0.91
Current: 0.69
During the past 13 years, Trust Co's highest Quick Ratio was 0.91. The lowest was 0.69. And the median was 0.81.
TSE:3347's Quick Ratio is ranked worse than 74.62% of 1312
companies
in the Vehicles & Parts industry
Industry Median: 1.035
vs TSE:3347: 0.69
Trust Co Quick Ratio Historical Data
The historical data trend for Trust 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 Auto & Truck Dealerships subindustry, Trust 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.
Trust Co's Quick Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Trust Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Trust 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.
Trust Co's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
Trust Co (TSE:3347) 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.
Trust Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Trust Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Trust Co Ltd operates as a second hand car exporter. The company is engaged in a B2C business model where it sells the products directly to customers. It is organized into segments based on the products and services it handles, with the reportable segments being the Used car export business which exports and sells used cars mainly to individual customers overseas using an internet website; the Rental car business segment which derives maximum revenue, provides rental car services and car leasing services nationwide in conjunction with the franchise business; and Overseas car dealer business segment which operates a car dealership in the Republic of South Africa, selling new and used cars and repairing cars. Geographically, it generates maximum revenue from Japan.
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