What is Dickson Concepts (International) 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. Dickson Concepts (International)'s quick ratio for the quarter that ended in Sep. 2023 was 2.59.
Dickson Concepts (International) has a quick ratio of 2.59. It generally indicates good short-term financial strength.
The historical rank and industry rank for Dickson Concepts (International)'s Quick Ratio or its related term are showing as below:
DCOHF'
s Quick Ratio Range Over the Past 10 Years
Min: 1.66 Med: 2.21 Max: 2.78
Current: 2.59
During the past 13 years, Dickson Concepts (International)'s highest Quick Ratio was 2.78. The lowest was 1.66. And the median was 2.21.
DCOHF's Quick Ratio is ranked better than 87.92% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 0.865
vs DCOHF: 2.59
Dickson Concepts (International) Quick Ratio Historical Data
The historical data trend for Dickson Concepts (International)'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.
Dickson Concepts (International) Quick Ratio Chart
Competitive Comparison of Dickson Concepts (International)'s Quick Ratio
For the Luxury Goods subindustry, Dickson Concepts (International)'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.
Dickson Concepts (International)'s Quick Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Dickson Concepts (International)'s Quick Ratio distribution charts can be found below:
* The bar in red indicates where Dickson Concepts (International)'s Quick Ratio falls into.
Dickson Concepts (International) 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.
Dickson Concepts (International)'s Quick Ratio for the fiscal year that ended in Mar. 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.
Dickson Concepts (International) (OTCPK:DCOHF) 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.
Dickson Concepts (International) Quick Ratio Related Terms
Thank you for viewing the detailed overview of Dickson Concepts (International)'s Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dickson Concepts (International) (Dickson Concepts (International)) Business Description
Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has its presence in Hong Kong, Taiwan and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.
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