LUKEN Technologies Co (XKRX:162120) Quick Ratio : 0.46 (As of Dec. 2023)

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What is LUKEN Technologies 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. LUKEN Technologies Co's quick ratio for the quarter that ended in Dec. 2023 was 0.46.

LUKEN Technologies Co has a quick ratio of 0.46. It indicates that the company cannot currently fully pay back its current liabilities.

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

XKRX:162120' s Quick Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.46 Max: 0.54
Current: 0.46

During the past 5 years, LUKEN Technologies Co's highest Quick Ratio was 0.54. The lowest was 0.21. And the median was 0.46.

XKRX:162120's Quick Ratio is ranked worse than
94.26% of 1011 companies
in the Semiconductors industry
Industry Median: 1.79 vs XKRX:162120: 0.46

LUKEN Technologies Co Quick Ratio Historical Data

The historical data trend for LUKEN Technologies 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.

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LUKEN Technologies Co Quick Ratio Chart

LUKEN Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

0.24

0.21

0.54

0.53

0.46

LUKEN Technologies Co Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Quick Ratio	0.24	0.21	0.54	0.53	0.46

Competitive Comparison of LUKEN Technologies Co's Quick Ratio

For the Semiconductor Equipment & Materials subindustry, LUKEN Technologies 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.

LUKEN Technologies Co's Quick Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, LUKEN Technologies Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where LUKEN Technologies Co's Quick Ratio falls into.

LUKEN Technologies 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.

LUKEN Technologies Co's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(14464.114	-	4403.815)	/	22025.71
	=	0.46

LUKEN Technologies Co's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(14464.114	-	4403.815)	/	22025.71
	=	0.46

LUKEN Technologies Co (XKRX:162120) 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.

LUKEN Technologies Co Quick Ratio Related Terms

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LUKEN Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » LUKEN Technologies Co Ltd (XKRX:162120) » Definitions » Quick Ratio

Traded in Other Exchanges

N/A

Address

311-1 Yangchon-ri, Majang-meon, Kyonggi-Do, Icheon, KOR, 17388

Website

http://www.luken.co.kr

LUKEN Technologies Co Ltd is a Korea based company engaged in the business of manufacturing and selling LCD, semiconductor equipment and parts. Its products include LCD checker, PCB vision checker, semicon checker, LED checker, scriber, ET-tester, manual probe checker and others. The business units of the company are Probe unit, Probe Frame, Micro stage, Probe card, Pattern generator and Film type MEMS unit.

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