Mst Golf group Bhd has a quick ratio of 1.15. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mst Golf group Bhd's Quick Ratio or its related term are showing as below:
XKLS:5316'
s Quick Ratio Range Over the Past 10 Years
Min: 0.21 Med: 1.14 Max: 1.65
Current: 1.15
During the past 5 years, Mst Golf group Bhd's highest Quick Ratio was 1.65. The lowest was 0.21. And the median was 1.14.
XKLS:5316's Quick Ratio is ranked better than 64.17% of 1122
companies
in the Retail - Cyclical industry
Industry Median: 0.85
vs XKLS:5316: 1.15
Mst Golf group Bhd Quick Ratio Historical Data
The historical data trend for Mst Golf group 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 Mst Golf group Bhd's Quick Ratio
For the Specialty Retail subindustry, Mst Golf group 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.
Mst Golf group Bhd's Quick Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mst Golf group Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mst Golf group Bhd's Quick Ratio falls into.
Mst Golf group 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.
Mst Golf group 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.
Mst Golf group Bhd (XKLS:5316) 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.
Mst Golf group Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Mst Golf group Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mst Golf group Bhd is principally an investment holding company whilst its Subsidiaries are principally engaged in the specialty retail and wholesale of golf equipment comprising golf clubs, golf balls and accessories and golf apparel in Malaysia and Singapore. In addition, the company also offers golf-related services including golf coaching, rental of golf equipment mainly golf clubs and golf accessories at its pro shops at golf and country clubs and supply of range balls for use at the driving range that it operates, event management and planning for golf tournament-related events as well as operating indoor golf centers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:5316 has been successfully added to your 