GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tohto Suisan Co Ltd (TSE:8038) » Definitions » Quick Ratio

Tohto Suisan Co (TSE:8038) Quick Ratio : 1.91 (As of Sep. 2024)


View and export this data going back to 1956. Start your Free Trial

What is Tohto Suisan Co Quick Ratio?

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. Tohto Suisan Co's quick ratio for the quarter that ended in Sep. 2024 was 1.91.

Tohto Suisan Co has a quick ratio of 1.91. It generally indicates good short-term financial strength.

The historical rank and industry rank for Tohto Suisan Co's Quick Ratio or its related term are showing as below:

TSE:8038' s Quick Ratio Range Over the Past 10 Years
Min: 1.41   Med: 1.86   Max: 2.62
Current: 1.91

During the past 13 years, Tohto Suisan Co's highest Quick Ratio was 2.62. The lowest was 1.41. And the median was 1.86.

TSE:8038's Quick Ratio is ranked better than
79.94% of 319 companies
in the Retail - Defensive industry
Industry Median: 0.86 vs TSE:8038: 1.91

Tohto Suisan Co Quick Ratio Historical Data

The historical data trend for Tohto Suisan 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.

* Premium members only.

Tohto Suisan Co Quick Ratio Chart

Tohto Suisan Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.16 2.62 2.38 2.12 2.41

Tohto Suisan Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.07 1.85 1.81 2.41 1.91

Competitive Comparison of Tohto Suisan Co's Quick Ratio

For the Food Distribution subindustry, Tohto Suisan 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.


Tohto Suisan Co's Quick Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tohto Suisan Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Tohto Suisan Co's Quick Ratio falls into.



Tohto Suisan 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.

Tohto Suisan Co's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(23651-4933)/7757
=2.41

Tohto Suisan Co's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(23230-6695)/8635
=1.91

* 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.


Tohto Suisan Co  (TSE:8038) 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.


Tohto Suisan Co Quick Ratio Related Terms

Thank you for viewing the detailed overview of Tohto Suisan Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tohto Suisan Co Business Description

Traded in Other Exchanges
N/A
Address
5-2-1 Tsukiji, Tokyo, JPN, 104-8483
Tohto Suisan Co Ltd is engaged in the wholesale business of marine products, refrigerated warehouse, and real estate leasing. The products of the company include eels, dried fishes, oyster, flat shell, millet shell, and red shell.

Tohto Suisan Co Headlines

No Headlines