Jaks Resources Bhd has a quick ratio of 1.08. It generally indicates good short-term financial strength.
The historical rank and industry rank for Jaks Resources Bhd's Quick Ratio or its related term are showing as below:
XKLS:4723'
s Quick Ratio Range Over the Past 10 Years
Min: 0.63 Med: 1.08 Max: 1.3
Current: 1.08
During the past 13 years, Jaks Resources Bhd's highest Quick Ratio was 1.30. The lowest was 0.63. And the median was 1.08.
XKLS:4723's Quick Ratio is ranked worse than 63.98% of 1738
companies
in the Construction industry
Industry Median: 1.29
vs XKLS:4723: 1.08
Jaks Resources Bhd Quick Ratio Historical Data
The historical data trend for Jaks Resources Bhd'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 Jaks Resources Bhd's Quick Ratio
For the Engineering & Construction subindustry, Jaks Resources Bhd'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.
Jaks Resources Bhd's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Jaks Resources Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Jaks Resources Bhd's Quick Ratio falls into.
Jaks Resources Bhd 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.
Jaks Resources Bhd's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Jaks Resources Bhd (XKLS:4723) 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.
Jaks Resources Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Jaks Resources Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jaks Resources Bhd is an investment holding company. It is organized into five segments: Manufacturing segment, which comprises mainly manufacturing of pipes; Trading segment comprising trading in sheet piles, steel bars, mild steel, and special pipes, other steel related products, building materials, and supply of products for water supply industry; Construction segment, which is the key revenue driver, mainly includes the provision of sub-contracting activities, general contractor, supplier of building materials and others; Property Development and Property Investment segment engaged in the development of residential and commercial properties and management of development shopping mall; and Others. Its geographical segments include Malaysia and Vietnam.
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