Kamakura Shinsho has a quick ratio of 3.99. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kamakura Shinsho's Quick Ratio or its related term are showing as below:
TSE:6184'
s Quick Ratio Range Over the Past 10 Years
Min: 2.64 Med: 6.98 Max: 13.95
Current: 3.99
During the past 10 years, Kamakura Shinsho's highest Quick Ratio was 13.95. The lowest was 2.64. And the median was 6.98.
TSE:6184's Quick Ratio is ranked better than 89.91% of 109
companies
in the Personal Services industry
Industry Median: 1.08
vs TSE:6184: 3.99
Kamakura Shinsho Quick Ratio Historical Data
The historical data trend for Kamakura Shinsho'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 Kamakura Shinsho's Quick Ratio
For the Personal Services subindustry, Kamakura Shinsho'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.
Kamakura Shinsho's Quick Ratio Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Kamakura Shinsho's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kamakura Shinsho's Quick Ratio falls into.
Kamakura Shinsho 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.
Kamakura Shinsho's Quick Ratio for the fiscal year that ended in Jan. 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.
Kamakura Shinsho (TSE:6184) 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.
Kamakura Shinsho Quick Ratio Related Terms
Thank you for viewing the detailed overview of Kamakura Shinsho's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kamakura Shinsho Ltd operates portal sites in Japan. The firm publishes and lectures to communicate knowledge on funerals, altar, tombs, temples. It offers portal sites that gives information on funerals; and responds to various consultations by telephone and e-mails, as well as a mobile search with GPS functions to search the funeral companies and centers. The company also operates sites that offers information on joint funerals and farewell party; family funeral knowledge and family funeral expenses; introduction of expenses to direct funeral and cremation ceremonies. In addition, it operates sites for funeral and funeral night wear, and legal flowers. Further, the company operates sites that offers information on Buddhist altar/Buddhist information; Buddha statues and Buddhist teachers.
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