Buka Investments (JSE:BKI) Quick Ratio : 2.30 (As of Aug. 2023)

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What is Buka Investments 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. Buka Investments's quick ratio for the quarter that ended in Aug. 2023 was 2.30.

Buka Investments has a quick ratio of 2.30. It generally indicates good short-term financial strength.

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

JSE:BKI' s Quick Ratio Range Over the Past 10 Years
Min: 0.37 Med: 0.71 Max: 11.68
Current: 2.3

During the past 13 years, Buka Investments's highest Quick Ratio was 11.68. The lowest was 0.37. And the median was 0.71.

JSE:BKI's Quick Ratio is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 1.03 vs JSE:BKI: 2.30

Buka Investments Quick Ratio Historical Data

The historical data trend for Buka Investments'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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Buka Investments Quick Ratio Chart

Buka Investments Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Quick Ratio

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0.37

0.64

1.96

11.68

4.17

Buka Investments Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Quick Ratio	Get a 7-Day Free Trial															1.98	11.68	6.16	4.17	2.30

Competitive Comparison of Buka Investments's Quick Ratio

For the Household & Personal Products subindustry, Buka Investments'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.

Buka Investments's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Buka Investments's Quick Ratio distribution charts can be found below:

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

Buka Investments 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.

Buka Investments's Quick Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Quick Ratio (A: Feb. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(3.521	-	0)	/	0.844
	=	4.17

Buka Investments's Quick Ratio for the quarter that ended in Aug. 2023 is calculated as

Quick Ratio (Q: Aug. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1.865	-	0)	/	0.812
	=	2.30

Buka Investments (JSE:BKI) 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.

Buka Investments Quick Ratio Related Terms

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Buka Investments (JSE:BKI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Buka Investments Ltd (JSE:BKI) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

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Address

23 Saddle Drive, Woodmead Office Park, Woodmead, Johannesburg, GT, ZAF, 2191

Website

https://www.bukainvestments.com

Buka Investments Ltd is a beauty and wellness solutions group. The company's own skin care product brands are Placecol and Skinderm. The company has its own franchise salon footprint through the following franchise salon chains: Placecol Skin Care Clinics, Perfect 10, and Dream Nails Beauty Salons. The group's skincare brands are available to customers in its own salon footprint, large retail groups, pharmacies, various independent salon outlets, and on various online platforms.