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. Eksons Bhd's quick ratio for the quarter that ended in Dec. 2023 was 15.19.
Eksons Bhd has a quick ratio of 15.19. It generally indicates good short-term financial strength.
The historical rank and industry rank for Eksons Bhd's Quick Ratio or its related term are showing as below:
XKLS:9016'
s Quick Ratio Range Over the Past 10 Years
Min: 1.17 Med: 8.84 Max: 15.19
Current: 15.19
During the past 13 years, Eksons Bhd's highest Quick Ratio was 15.19. The lowest was 1.17. And the median was 8.84.
XKLS:9016's Quick Ratio is ranked better than 98.29% of 293
companies
in the Forest Products industry
Industry Median: 1.06
vs XKLS:9016: 15.19
Eksons Bhd Quick Ratio Historical Data
The historical data trend for Eksons Bhd'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 Eksons Bhd's Quick Ratio
For the Lumber & Wood Production subindustry, Eksons Bhd'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.
Eksons Bhd's Quick Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Eksons Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Eksons Bhd's Quick Ratio falls into.
Eksons Bhd 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.
Eksons Bhd's Quick Ratio for the fiscal year that ended in Mar. 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.
Eksons Bhd (XKLS:9016) 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.
Eksons Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Eksons Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Eksons Corp Bhd is a company involved in lumber and wood products. The company's operating segments are Plywood operations, which include the manufacture and sale of sawn timber, veneer, and plywood and generation and supply of power and steam; Property and investment holdings, which include rental of properties, investment holding, and provision of management services; Property development segment including the development of commercial properties; and Trading that includes the sale of garments. The majority of its revenue is generated from the Property development segment. All of its business interests are predominantly located in Malaysia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:9016 has been successfully added to your 