GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kyoei Steel Ltd (TSE:5440) » Definitions » Quick Ratio

Kyoei Steel (TSE:5440) Quick Ratio : 1.43 (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Kyoei Steel 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. Kyoei Steel's quick ratio for the quarter that ended in Dec. 2023 was 1.43.

Kyoei Steel has a quick ratio of 1.43. It generally indicates good short-term financial strength.

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

TSE:5440' s Quick Ratio Range Over the Past 10 Years
Min: 1.35   Med: 1.5   Max: 2.15
Current: 1.44

During the past 13 years, Kyoei Steel's highest Quick Ratio was 2.15. The lowest was 1.35. And the median was 1.50.

TSE:5440's Quick Ratio is ranked better than
67.62% of 630 companies
in the Steel industry
Industry Median: 1.03 vs TSE:5440: 1.44

Kyoei Steel Quick Ratio Historical Data

The historical data trend for Kyoei Steel'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.

Kyoei Steel Quick Ratio Chart

Kyoei Steel Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.53 1.35 1.44 1.44

Kyoei Steel 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 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 1.44 1.44 1.44 1.43 1.44

Competitive Comparison of Kyoei Steel's Quick Ratio

For the Steel subindustry, Kyoei Steel'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.


Kyoei Steel's Quick Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kyoei Steel's Quick Ratio distribution charts can be found below:

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



Kyoei Steel 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.

Kyoei Steel's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(220891-65005)/107925
=1.44

Kyoei Steel'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
=(220898-66366)/108431
=1.43

* 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.


Kyoei Steel  (TSE:5440) 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.


Kyoei Steel Quick Ratio Related Terms

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


Kyoei Steel (TSE:5440) Business Description

Traded in Other Exchanges
N/A
Address
Issue 16 No. 4-chome, Kita-ku, Dojimahama, Osaka, JPN, 5300004
Kyoei Steel Ltd is involved in the business Steel and Material recycling. Its primary activities include manufacture, processing, and sale of steel billets and products, collection, transportation and treatment of general, industrial and medical waste, recycling of automobiles and industrial waste, processing assembly of rebars, designing of steel production plants and sale of steelmaking technology. The firm's products include concrete steel bars, flat bars, I-beams, equal angle bars etc.

Kyoei Steel (TSE:5440) Headlines

No Headlines