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. Photronics's quick ratio for the quarter that ended in Jan. 2021 was 3.09.
Photronics has a quick ratio of 3.09. It generally indicates good short-term financial strength.
NAS:PLAB'
s Quick Ratio Range Over the Past 10 Years
Min: 0.88 Med: 2.44 Max: 6.02
Current: 3.09
0.88
-
6.02
During the past 13 years, Photronics's highest Quick Ratio was 6.02. The lowest was 0.88. And the median was 2.44.
NAS:PLAB's Quick Ratio is ranked higher than
74% of the 847
Companies
in the Semiconductors industry.
( Industry Median: 1.84
vs. NAS:PLAB: 3.09
)
Photronics Quick Ratio Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
* Premium members only.
Photronics Annual Data
Oct11
Oct12
Oct13
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Quick Ratio
5.16
5.20
2.48
2.50
3.10
Photronics Quarterly Data
Apr16
Jul16
Oct16
Jan17
Apr17
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Quick Ratio
2.48
2.71
2.60
3.10
3.09
Competitive Comparison
* 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.
Photronics Quick Ratio Distribution
* The bar in red indicates where Photronics's Quick Ratio falls into.
Photronics 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.
Photronics's Quick Ratio for the fiscal year that ended in Oct. 2020 is calculated as
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
Photronics (NAS:PLAB) 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.
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