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Stovec Industries (BOM:504959) Quick Ratio : 1.92 (As of Dec. 2023)


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What is Stovec Industries 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. Stovec Industries's quick ratio for the quarter that ended in Dec. 2023 was 1.92.

Stovec Industries has a quick ratio of 1.92. It generally indicates good short-term financial strength.

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

BOM:504959' s Quick Ratio Range Over the Past 10 Years
Min: 1.28   Med: 2.2   Max: 2.93
Current: 1.92

During the past 13 years, Stovec Industries's highest Quick Ratio was 2.93. The lowest was 1.28. And the median was 2.20.

BOM:504959's Quick Ratio is ranked better than
67.15% of 3026 companies
in the Industrial Products industry
Industry Median: 1.395 vs BOM:504959: 1.92

Stovec Industries Quick Ratio Historical Data

The historical data trend for Stovec Industries'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.

Stovec Industries Quick Ratio Chart

Stovec Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.67 2.67 2.93 2.80 1.92

Stovec Industries 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 2.80 - 2.86 - 1.92

Competitive Comparison of Stovec Industries's Quick Ratio

For the Specialty Industrial Machinery subindustry, Stovec Industries'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.


Stovec Industries's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Stovec Industries's Quick Ratio distribution charts can be found below:

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



Stovec Industries 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.

Stovec Industries'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
=(1466.22-585.26)/458.91
=1.92

Stovec Industries'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
=(1466.22-585.26)/458.91
=1.92

* 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.


Stovec Industries  (BOM:504959) 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.


Stovec Industries Quick Ratio Related Terms

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Stovec Industries (BOM:504959) Business Description

Traded in Other Exchanges
N/A
Address
N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, GJ, IND, 382 405
Stovec Industries Ltd is engaged in the production of Rotary Screens and Printing Machines and manufacturer of precision metal components. The firm operates in three verticals namely Textile Consumables and Textile Machinery, Graphics Product, and Galvanic. The textile consumables segment comprises perforated rotary screens, lacquer and auxiliary chemicals, rotary screen-printing machines, engraving equipment, components and spares, and digital ink. Graphics Products include anilox rollers, rotamesh screens, and rotaplate. The Galvanic segment consists of Galvano consumables. The Textile consumables segment is the most prominent segment for the firm contributing the majority of the total revenue primarily from India.

Stovec Industries (BOM:504959) Headlines

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