Axelum Resources (PHS:AXLM) Quick Ratio : 2.32 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Axelum Resources 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. Axelum Resources's quick ratio for the quarter that ended in Dec. 2023 was 2.32.

Axelum Resources has a quick ratio of 2.32. It generally indicates good short-term financial strength.

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

PHS:AXLM' s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 2.32 Max: 3.19
Current: 2.32

During the past 9 years, Axelum Resources's highest Quick Ratio was 3.19. The lowest was 0.50. And the median was 2.32.

PHS:AXLM's Quick Ratio is ranked better than
78.85% of 1910 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs PHS:AXLM: 2.32

Axelum Resources Quick Ratio Historical Data

The historical data trend for Axelum Resources'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.

Axelum Resources Quick Ratio Chart

Axelum Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

Get a 7-Day Free Trial

2.33

2.48

3.19

2.35

2.32

Axelum Resources 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															2.35	2.48	2.44	2.22	2.32

Competitive Comparison of Axelum Resources's Quick Ratio

For the Packaged Foods subindustry, Axelum Resources'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.

Axelum Resources's Quick Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Axelum Resources's Quick Ratio falls into.

Axelum Resources 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.

Axelum Resources'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
	=	(4971.827	-	2011.916)	/	1274.223
	=	2.32

Axelum Resources'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
	=	(4971.827	-	2011.916)	/	1274.223
	=	2.32

Axelum Resources (PHS:AXLM) 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.

Axelum Resources Quick Ratio Related Terms

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

Axelum Resources (PHS:AXLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Axelum Resources Corp (PHS:AXLM) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tiano-Montalvan Streets, ICS Building, Cagayan de Oro, MSR, PHL, 9000

Website

https://www.axelum.ph

Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.