Union Plastic PCL (BKK:UP) Quick Ratio : 4.47 (As of Mar. 2024)

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What is Union Plastic PCL 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. Union Plastic PCL's quick ratio for the quarter that ended in Mar. 2024 was 4.47.

Union Plastic PCL has a quick ratio of 4.47. It generally indicates good short-term financial strength.

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

BKK:UP' s Quick Ratio Range Over the Past 10 Years
Min: 2.45 Med: 3.08 Max: 4.47
Current: 4.47

During the past 13 years, Union Plastic PCL's highest Quick Ratio was 4.47. The lowest was 2.45. And the median was 3.08.

BKK:UP's Quick Ratio is ranked better than
94.67% of 1313 companies
in the Vehicles & Parts industry
Industry Median: 1.05 vs BKK:UP: 4.47

Union Plastic PCL Quick Ratio Historical Data

The historical data trend for Union Plastic 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.

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Union Plastic PCL Quick Ratio Chart

Union Plastic PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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2.85

2.58

3.58

3.23

3.45

Union Plastic PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Quick Ratio	Get a 7-Day Free Trial															3.56	3.53	3.05	3.45	4.47

Competitive Comparison of Union Plastic PCL's Quick Ratio

For the Auto Parts subindustry, Union Plastic 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.

Union Plastic PCL's Quick Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Union Plastic PCL's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Union Plastic PCL's Quick Ratio falls into.

Union Plastic 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.

Union Plastic PCL's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(378.042	-	36.674)	/	99.037
	=	3.45

Union Plastic PCL's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(450.005	-	34.643)	/	92.944
	=	4.47

Union Plastic PCL (BKK:UP) 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.

Union Plastic PCL Quick Ratio Related Terms

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Union Plastic PCL (BKK:UP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Union Plastic PCL (BKK:UP) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

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Address

11/1 Soi Serithai 62, Minburi Sub-district, Minburi District, Bangkok, THA, 10510

Website

http://www.unionplastic.co.th

Union Plastic PCL is engaged in the manufacturing and distribution of thermoplastics. It is also involved in the contract manufacture and repair of molds. The reportable segments of company are Manufacture and distribution of thermoplastics and Contract manufacture and repair of molds. The group's operations are mainly conducted in Thailand. The group generates a majority of revenue from the manufacture and distribution of thermoplastics business.