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. Yamato Kogyo Co's quick ratio for the quarter that ended in Mar. 2024 was 10.80.
Yamato Kogyo Co has a quick ratio of 10.80. It generally indicates good short-term financial strength.
The historical rank and industry rank for Yamato Kogyo Co's Quick Ratio or its related term are showing as below:
TSE:5444'
s Quick Ratio Range Over the Past 10 Years
Min: 4.28 Med: 6.11 Max: 10.8
Current: 10.8
During the past 13 years, Yamato Kogyo Co's highest Quick Ratio was 10.80. The lowest was 4.28. And the median was 6.11.
TSE:5444's Quick Ratio is ranked better than 97.78% of 632
companies
in the Steel industry
Industry Median: 1.03
vs TSE:5444: 10.80
Yamato Kogyo Co Quick Ratio Historical Data
The historical data trend for Yamato Kogyo 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.
Competitive Comparison of Yamato Kogyo Co's Quick Ratio
For the Steel subindustry, Yamato Kogyo 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.
Yamato Kogyo Co's Quick Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Yamato Kogyo Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Yamato Kogyo Co's Quick Ratio falls into.
Yamato Kogyo 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.
Yamato Kogyo Co's Quick Ratio for the fiscal year that ended in Mar. 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.
Yamato Kogyo Co (TSE:5444) 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.
Yamato Kogyo Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Yamato Kogyo Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Yamato Kogyo Co., Ltd. is a Japan-based investment holding company. The company is engaged in production and distribution of steel products, heavy-duty processing goods, railway track accessories, and other businesses, through a number of subsidiaries both at home and abroad. Steel products represent the majority of the company's revenue. Japan, South Korea, and Thailand are the three major markets for Yamato Kogyo. In Japan, the company primarily operates through its wholly owned Yamato Steel and Yamato Trackwork System. In the overseas market (primarily South Korea and Thailand), the company primarily operates through YK Steel Corporation and Siam Yamato Steel.
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