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. Yoong Onn Bhd's quick ratio for the quarter that ended in Mar. 2025 was 5.51.
Yoong Onn Bhd has a quick ratio of 5.51. It generally indicates good short-term financial strength.
The historical rank and industry rank for Yoong Onn Bhd's Quick Ratio or its related term are showing as below:
XKLS:5159'
s Quick Ratio Range Over the Past 10 Years
Min: 2.34 Med: 4.31 Max: 8.35
Current: 5.51
During the past 13 years, Yoong Onn Bhd's highest Quick Ratio was 8.35. The lowest was 2.34. And the median was 4.31.
XKLS:5159's Quick Ratio is ranked better than 92.21% of 1066
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.05
vs XKLS:5159: 5.51
Yoong Onn Bhd Quick Ratio Historical Data
The historical data trend for Yoong Onn Bhd'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.
Competitive Comparison of Yoong Onn Bhd's Quick Ratio
For the Textile Manufacturing subindustry, Yoong Onn Bhd'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.
Yoong Onn Bhd's Quick Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yoong Onn Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Yoong Onn Bhd'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.
Yoong Onn Bhd's Quick Ratio for the fiscal year that ended in Jun. 2024 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.
Yoong Onn Bhd (XKLS:5159) 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.
Yoong Onn Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Yoong Onn Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Yoong Onn Corp Bhd is an integrated designer, manufacturer, distributor, and retailer of home linen and bedding accessories. It also supplies bedding and bath linen and accessories to hospitality-based institutions, including military accommodations, cruise ships, hospitals, and royal customs. The company is organized into three principal operating divisions, Manufacturing; Distribution and Trading; and Retailing. Its primary geographic markets are Malaysia, Singapore, Vietnam and others. Malaysia contributes to the vast majority of total revenue. The company generates maximum revenue from the Distribution and Trading segment.
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