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. Seria Co's quick ratio for the quarter that ended in Dec. 2023 was 3.00.
Seria Co has a quick ratio of 3.00. It generally indicates good short-term financial strength.
The historical rank and industry rank for Seria Co's Quick Ratio or its related term are showing as below:
TSE:2782'
s Quick Ratio Range Over the Past 10 Years
Min: 1.36 Med: 2.47 Max: 3.15
Current: 3
During the past 13 years, Seria Co's highest Quick Ratio was 3.15. The lowest was 1.36. And the median was 2.47.
TSE:2782's Quick Ratio is ranked better than 90.51% of 316
companies
in the Retail - Defensive industry
Industry Median: 0.89
vs TSE:2782: 3.00
Seria Co Quick Ratio Historical Data
The historical data trend for Seria 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.
For the Discount Stores subindustry, Seria 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.
Seria Co's Quick Ratio Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Seria Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Seria Co's Quick Ratio falls into.
Seria 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.
Seria Co'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.
Seria Co (TSE:2782) 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.
Seria Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Seria Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Seria Co Ltd is a Japanese discount retailer. The business operates under the "100 yen" price concept. The "100 yen" shop stocks various products, from clothing to stationery, and each item is priced at 100 yen. These shops keep prices down by purchasing goods internationally and in large quantities. The company operates stores, wholesale and franchisees, offering consumer products. The company offers a variety of goods, such as food products, clothes, kitchen and electrical appliances, cosmetics, accessories, health products, cleaning products, outdoor products, and seasonal products. Seria is also commercializing its own private-brand products.
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