Wulff-Yhtiot Oyj has a quick ratio of 0.77. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Wulff-Yhtiot Oyj's Quick Ratio or its related term are showing as below:
OHEL:WUF1V'
s Quick Ratio Range Over the Past 10 Years
Min: 0.57 Med: 0.76 Max: 0.91
Current: 0.77
During the past 13 years, Wulff-Yhtiot Oyj's highest Quick Ratio was 0.91. The lowest was 0.57. And the median was 0.76.
OHEL:WUF1V's Quick Ratio is ranked worse than 82.07% of 3028
companies
in the Industrial Products industry
Industry Median: 1.39
vs OHEL:WUF1V: 0.77
Wulff-Yhtiot Oyj Quick Ratio Historical Data
The historical data trend for Wulff-Yhtiot Oyj'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 Wulff-Yhtiot Oyj's Quick Ratio
For the Business Equipment & Supplies subindustry, Wulff-Yhtiot Oyj'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.
Wulff-Yhtiot Oyj's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Wulff-Yhtiot Oyj's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Wulff-Yhtiot Oyj's Quick Ratio falls into.
Wulff-Yhtiot Oyj 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.
Wulff-Yhtiot Oyj's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Wulff-Yhtiot Oyj (OHEL:WUF1V) 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.
Wulff-Yhtiot Oyj Quick Ratio Related Terms
Thank you for viewing the detailed overview of Wulff-Yhtiot Oyj's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Wulff-Yhtiot Oyj (OHEL:WUF1V) Business Description
Wulff Yhtiot Oyj operates as a provider of office supplies. The company sells office supplies, facility management products, catering solutions, IT supplies, ergonomics, lighting solutions and different products for work sites. Its operating segments are Contract Customers and Expertise Sales. The Contract Customers division develops business-to-business contract customer sales of office supplies, as well as provides fair and event marketing services. Its Expertise Sales Segment aims to improve the customers' daily operations with products. The company generates maximum revenue from the Contract Customers Segment. Geographically, it derives a majority of revenue from Finland and also has a presence in Sweden; Norway; and Denmark.
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