GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sanmina Corp (NAS:SANM) » Definitions » Quick Ratio

Sanmina (Sanmina) Quick Ratio : 1.23 (As of Dec. 2023)


View and export this data going back to 1993. Start your Free Trial

What is Sanmina 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. Sanmina's quick ratio for the quarter that ended in Dec. 2023 was 1.23.

Sanmina has a quick ratio of 1.23. It generally indicates good short-term financial strength.

The historical rank and industry rank for Sanmina's Quick Ratio or its related term are showing as below:

SANM' s Quick Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.07   Max: 1.46
Current: 1.23

During the past 13 years, Sanmina's highest Quick Ratio was 1.46. The lowest was 0.68. And the median was 1.07.

SANM's Quick Ratio is ranked worse than
60.47% of 2484 companies
in the Hardware industry
Industry Median: 1.48 vs SANM: 1.23

Sanmina Quick Ratio Historical Data

The historical data trend for Sanmina'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.

Sanmina Quick Ratio Chart

Sanmina Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.20 1.29 1.25 0.89 1.18

Sanmina Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.02 1.10 1.14 1.18 1.23

Competitive Comparison of Sanmina's Quick Ratio

For the Electronic Components subindustry, Sanmina'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.


Sanmina's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sanmina's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Sanmina's Quick Ratio falls into.



Sanmina 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.

Sanmina's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3879.57-1477.223)/2033.332
=1.18

Sanmina's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3630.256-1391.72)/1822.118
=1.23

* 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.


Sanmina  (NAS:SANM) 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.


Sanmina Quick Ratio Related Terms

Thank you for viewing the detailed overview of Sanmina's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Sanmina (Sanmina) Business Description

Traded in Other Exchanges
Address
2700 North First Street, San Jose, CA, USA, 95134
Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense and aerospace end markets. The company operates in two business segments: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue primarily in the United States, China, and Mexico, but has a presence around the world.
Executives
Eugene A Delaney director 1303 E ALGONQUIN RD, SCHAUMBURG IL 60196
Hedley David V Iii director 2700 NORTH FIRST STREET, SAN JOSE CA 95134
Alan Mcwilliams Reid officer: Exec VP,Global Human Resources 2700 NORTH FIRST STREET, SAN JOSE CA 95134
Jure Sola director, officer: Chairman and CEO 14899 GRANITE WAY, SARATOGA CA 95070
Mythili Sankaran director 27000 NORTH FIRST STREET, SAN JOSE CA 95134
Susan K Barnes director
Charlie Mason officer: EVP, Integrated Mfg Services 2700 NORTH FIRST STREET, SAN JOSE CA 95134
Brent Billinger officer: SVP & Corp Controller 2700 NORTH FIRST STREET, SAN JOSE CA 95134
John Goldsberry director C/O GATEWAY, INC, 7565 IRVINE CENTER DRIVE, IRVINE CA 92618
Kurt Adzema officer: EVP & CFO 1389 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Susan A Johnson director 2700 NORTH FIRST STREET, SAN JOSE CA 95134
Jackie M Ward director SYSCO CORPORATION, 1390 ENCLAVE PARWAY, HOUSTON TX 77077
Mario M Rosati director 650 PAGE MILL RD, PALO ALTO CA 94304
Dennis Young officer: Exec VP Worldwide Sales 246 OVERALL PHILLIPS ROAD, ELIZABETH TOWN KY 42701
Rita S. Lane director 1303 E. ALGONQUIN ROAD, SCHAUMBURG IL 60196