Kankyou No Mikata (TSE:9224) Quick Ratio : 0.78 (As of Mar. 2024)

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What is Kankyou No Mikata 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. Kankyou No Mikata's quick ratio for the quarter that ended in Mar. 2024 was 0.78.

Kankyou No Mikata has a quick ratio of 0.78. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Kankyou No Mikata's Quick Ratio or its related term are showing as below:

TSE:9224' s Quick Ratio Range Over the Past 10 Years
Min: 0.67 Med: 0.85 Max: 1.45
Current: 0.78

During the past 4 years, Kankyou No Mikata's highest Quick Ratio was 1.45. The lowest was 0.67. And the median was 0.85.

TSE:9224's Quick Ratio is not ranked
in the Waste Management industry.
Industry Median: 1.28 vs TSE:9224: 0.78

Kankyou No Mikata Quick Ratio Historical Data

The historical data trend for Kankyou No Mikata'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.

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Kankyou No Mikata Quick Ratio Chart

Kankyou No Mikata Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Quick Ratio

0.85

1.45

0.99

0.71

Kankyou No Mikata Semi-Annual Data
	Sep20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Quick Ratio	Get a 7-Day Free Trial			1.40	0.99	0.67	0.71	0.78

Competitive Comparison of Kankyou No Mikata's Quick Ratio

For the Waste Management subindustry, Kankyou No Mikata'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.

Kankyou No Mikata's Quick Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Kankyou No Mikata's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Kankyou No Mikata's Quick Ratio falls into.

Kankyou No Mikata 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.

Kankyou No Mikata's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(953.192	-	21.695)	/	1309.7
	=	0.71

Kankyou No Mikata's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1326.379	-	23.527)	/	1672.735
	=	0.78

Kankyou No Mikata (TSE:9224) 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.

Kankyou No Mikata Quick Ratio Related Terms

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Kankyou No Mikata Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Kankyou No Mikata Inc (TSE:9224) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1019 Kamishinden, Shizuoka Prefecture, Yaizu, JPN, 421-0206

Website

https://www.kankyounomikata.co.jp

Kankyou No Mikata Inc is a is a general waste collection and transportation business. The company collect garbage in Yaizu City, Fujieda City, Shimada City, Yoshida Town, Makinohara City, Omaezaki City, and Kawanehon Town in Shizuoka Prefecture. It operations includes regular collection of business waste to collection of oversized waste and waste generated by moving and cleaning up.

Kankyou No Mikata Headlines

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