GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) » Definitions » Quick Ratio
中文

Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Quick Ratio : 1.04 (As of Dec. 2023)


View and export this data going back to 2005. Start your Free Trial

What is Turk Traktor ve Ziraat Makineleri AS 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. Turk Traktor ve Ziraat Makineleri AS's quick ratio for the quarter that ended in Dec. 2023 was 1.04.

Turk Traktor ve Ziraat Makineleri AS has a quick ratio of 1.04. It generally indicates good short-term financial strength.

The historical rank and industry rank for Turk Traktor ve Ziraat Makineleri AS's Quick Ratio or its related term are showing as below:

TTRKF' s Quick Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.12   Max: 1.38
Current: 1.04

During the past 13 years, Turk Traktor ve Ziraat Makineleri AS's highest Quick Ratio was 1.38. The lowest was 0.86. And the median was 1.12.

TTRKF's Quick Ratio is ranked worse than
50.72% of 209 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.1 vs TTRKF: 1.04

Turk Traktor ve Ziraat Makineleri AS Quick Ratio Historical Data

The historical data trend for Turk Traktor ve Ziraat Makineleri AS'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.

Turk Traktor ve Ziraat Makineleri AS Quick Ratio Chart

Turk Traktor ve Ziraat Makineleri AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 1.38 0.95 0.86 1.04

Turk Traktor ve Ziraat Makineleri AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.86 0.80 0.94 0.92 1.04

Competitive Comparison of Turk Traktor ve Ziraat Makineleri AS's Quick Ratio

For the Farm & Heavy Construction Machinery subindustry, Turk Traktor ve Ziraat Makineleri AS'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.


Turk Traktor ve Ziraat Makineleri AS's Quick Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Turk Traktor ve Ziraat Makineleri AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Turk Traktor ve Ziraat Makineleri AS's Quick Ratio falls into.



Turk Traktor ve Ziraat Makineleri AS 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.

Turk Traktor ve Ziraat Makineleri AS'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
=(859.991-299.053)/541.131
=1.04

Turk Traktor ve Ziraat Makineleri AS'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
=(859.991-299.053)/541.131
=1.04

* 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.


Turk Traktor ve Ziraat Makineleri AS  (OTCPK:TTRKF) 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.


Turk Traktor ve Ziraat Makineleri AS Quick Ratio Related Terms

Thank you for viewing the detailed overview of Turk Traktor ve Ziraat Makineleri AS's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Business Description

Traded in Other Exchanges
Address
Gazi Mahallesi Anadolu Boulevard No: 52 - 52A, Yenimahalle, Ankara, TUR, 06560
Turk Traktor ve Ziraat Makineleri AS is one of the largest tractor manufacturers in Turkey. It sells tractors, combine harvesters, planters, cotton pickers, and other agricultural machinery and equipment. The company's worldwide sales and marketing network generates recurring aftermarket sales and showcases new features in product development. Plants are equipped with gear and heat treatment facilities, specialized machines, engine manufacturing facilities, paint shops, and assembly lines. The company also operates quality control labs, testing equipment, and incorporates research and development to design and produce innovative solutions. Most parts and components are manufactured internally, but the company may use third parties to meet international quality standards.

Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Headlines

No Headlines