Market Cap : 304.37 M | Enterprise Value : 541.13 M | PE Ratio : 49.47 | PB Ratio : 0.97 |
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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. Motorcar Parts of America's quick ratio for the quarter that ended in Jun. 2022 was 0.30.
Motorcar Parts of America has a quick ratio of 0.30. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Motorcar Parts of America's Quick Ratio or its related term are showing as below:
During the past 13 years, Motorcar Parts of America's highest Quick Ratio was 3.25. The lowest was 0.17. And the median was 0.48.
MPAA's Quick Ratio is ranked worse thanThe historical data trend for Motorcar Parts of America'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.
For the Auto Parts subindustry, Motorcar Parts of America'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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Motorcar Parts of America's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Motorcar Parts of America's Quick Ratio falls into.
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.
Motorcar Parts of America's Quick Ratio for the fiscal year that ended in Mar. 2022 is calculated as
Quick Ratio (A: Mar. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (536.985 | - | 385.504) | / | 426.405 | |
= | 0.36 |
Motorcar Parts of America's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as
Quick Ratio (Q: Jun. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (528.935 | - | 405.205) | / | 413.858 | |
= | 0.30 |
* 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.
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.
Thank you for viewing the detailed overview of Motorcar Parts of America's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Warfield Patricia W | director | 2929 CALIFORNIA STREET TORRANCE CA 90503 |
Rankin Jamy P. | director | C/O MOTOR CAR PARTS OF AMERICA, INC. 2929 CALIFORNIA STREET TORRANCE CA 90503 |
Shah Kamlesh | officer: Chief Accounting Officer | C/O MOTORCAR PARTS OF AMERICA, INC. 2929 CALIFORNIA STREET TORRANCE CA 90503 |
Stone Juliet Lynn | officer: VP, Gen Counsel and Secretary | C/O MOTORCAR PARTS OF AMERICA, INC. 2020 CALIFORNIA STREET TORRANCE CA 90503 |
Vargo Timothy D | director | 700 KEOUGH DRIVE PIPERTON TN 38017 |
Whittaker Barbara L | director | 1594 HERONWOOD COURT BLOOMFIELD HILLS MI 48302 |
Ferguson Joseph Edwin | director | 5103 SOUTH GARTH AVENUE LOS ANGELES CA 90056 |
Bryan David | director | 605 STAPP ROAD BOULDER CREEK CA 95006 |
Schooner Douglas Earl | officer: Vice President, Manufacturing | 2929 CALIFORNIA STREET TORRANCE CA 90503 |
Borneo Rudolph J | director | 50 O'FARRELL STREET SAN FRANCISCO CA 94108 |
Gay Philip | director | 6300 CANOGA AVENUE SUITE 1700 WOODLAND HILLS CA 91367 |
Lee David Sung | officer: CFO | 2929 CALIFORNIA STREET TORRANCE CA 90503 |
Selwyn Joffe | director, officer: President, CEO & Chairman | |
Kratz Steven | officer: Chief Operating Officer | 2929 CALIFORNIA STREET C/O MORTORCAR PARTS OF AMERICA INC TORRANCE CA 90503 |
Daly Kevin Gerard | officer: Chief Accounting Officer | 2929 CALIFORNIA STREET TORRANCE CA 90503 |
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