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. Asahi Yukizai's quick ratio for the quarter that ended in Sep. 2024 was 2.18.
Asahi Yukizai has a quick ratio of 2.18. It generally indicates good short-term financial strength.
The historical rank and industry rank for Asahi Yukizai's Quick Ratio or its related term are showing as below:
TSE:4216'
s Quick Ratio Range Over the Past 10 Years
Min: 1.53 Med: 1.82 Max: 2.27
Current: 2.27
During the past 13 years, Asahi Yukizai's highest Quick Ratio was 2.27. The lowest was 1.53. And the median was 1.82.
TSE:4216's Quick Ratio is ranked better than 81.77% of 1739
companies
in the Construction industry
Industry Median: 1.28
vs TSE:4216: 2.27
Asahi Yukizai Quick Ratio Historical Data
The historical data trend for Asahi Yukizai'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 Asahi Yukizai's Quick Ratio
For the Building Products & Equipment subindustry, Asahi Yukizai'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.
Asahi Yukizai's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Asahi Yukizai's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Asahi Yukizai'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.
Asahi Yukizai'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.
Asahi Yukizai (TSE:4216) 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.
Asahi Yukizai Quick Ratio Related Terms
Thank you for viewing the detailed overview of Asahi Yukizai's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Asahi Yukizai Corp engages in the manufacture and sale of industrial resins and piping materials. The firm offers synthetic resin piping material for valves, pipes, fittings, and other locations, as well as the Dymatrix high-performance synthetic resin piping material for LCD- and semiconductor-related systems; and foundry materials and functional resins for casting, molding materials, high functional materials, and others. It also engages in the development and supply of water and thermal resources, including well drilling and geothermal exploitation, and hot spring exploitation; design and construction of water utility facilities and reuse of wastewater; industrial water and wastewater treatment; and provision of public sewage facilities.
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