SCG Packaging PCL has a quick ratio of 0.64. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for SCG Packaging PCL's Quick Ratio or its related term are showing as below:
BKK:SCGP-R'
s Quick Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.65 Max: 1.16
Current: 0.64
During the past 10 years, SCG Packaging PCL's highest Quick Ratio was 1.16. The lowest was 0.33. And the median was 0.65.
BKK:SCGP-R's Quick Ratio is ranked worse than 83.38% of 391
companies
in the Packaging & Containers industry
Industry Median: 1.18
vs BKK:SCGP-R: 0.64
SCG Packaging PCL Quick Ratio Historical Data
The historical data trend for SCG Packaging PCL'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 SCG Packaging PCL's Quick Ratio
For the Packaging & Containers subindustry, SCG Packaging PCL'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.
SCG Packaging PCL's Quick Ratio Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, SCG Packaging PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where SCG Packaging PCL's Quick Ratio falls into.
SCG Packaging PCL 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.
SCG Packaging PCL's Quick Ratio for the fiscal year that ended in Dec. 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.
SCG Packaging PCL (BKK:SCGP-R) 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.
SCG Packaging PCL Quick Ratio Related Terms
Thank you for viewing the detailed overview of SCG Packaging PCL's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SCG Packaging PCL (BKK:SCGP-R) Business Description
SCG Packaging PCL is an integrated packaging solutions provider. Its business is divided into three business segments: Integrated Packaging Business, Fibrous Business and Recycling Business and Others. The company's products and services include Packaging; Smart packaging; Food container products; Paper and pulp; Wood business; Design services; Service for marketing activities; and Wastepaper purchase service For recycling. Majority of the firm's revenue gets derived from the Integrated Packaging Business segment that manufactures and sells packaging paper, various types of packaging, including fiber-based packaging and performance and polymer packaging, flexible packaging, and rigid packaging. Key revenue comes from domestic sales in Thailand.
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