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. Toyoda Gosei Co's quick ratio for the quarter that ended in Sep. 2024 was 1.80.
Toyoda Gosei Co has a quick ratio of 1.80. It generally indicates good short-term financial strength.
The historical rank and industry rank for Toyoda Gosei Co's Quick Ratio or its related term are showing as below:
TSE:7282'
s Quick Ratio Range Over the Past 10 Years
Min: 1.26 Med: 1.56 Max: 1.95
Current: 1.8
During the past 13 years, Toyoda Gosei Co's highest Quick Ratio was 1.95. The lowest was 1.26. And the median was 1.56.
TSE:7282's Quick Ratio is ranked better than 77.16% of 1318
companies
in the Vehicles & Parts industry
Industry Median: 1.05
vs TSE:7282: 1.80
Toyoda Gosei Co Quick Ratio Historical Data
The historical data trend for Toyoda Gosei 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.
Competitive Comparison of Toyoda Gosei Co's Quick Ratio
For the Auto Parts subindustry, Toyoda Gosei 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.
Toyoda Gosei Co's Quick Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Toyoda Gosei Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Toyoda Gosei Co's Quick Ratio falls into.
Toyoda Gosei Co 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.
Toyoda Gosei 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.
Toyoda Gosei Co (TSE:7282) 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.
Toyoda Gosei Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Toyoda Gosei Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Toyoda Gosei Co Ltd is a manufacturer of resins and rubber parts for automobiles. The company's products fall in three categories: automotive parts, LEDs, and general industry products. The automotive parts segment, making up the lion's share of Toyoda Gosei's generated revenue, produces weather strips, fuel tank and engine peripheral parts, chassis and drivetrain parts, interior and exterior parts, and safety systems such as airbags. In its other business segments, the company produces LEDs for crystal displays, LED light solutions and glass-encapsulated LEDs, air conditioning products, home construction components, and industrial and construction machinery parts.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:7282 has been successfully added to your 