Yakult Honsha Co has a quick ratio of 2.43. It generally indicates good short-term financial strength.
The historical rank and industry rank for Yakult Honsha Co's Quick Ratio or its related term are showing as below:
TSE:2267'
s Quick Ratio Range Over the Past 10 Years
Min: 1.33 Med: 1.91 Max: 3.11
Current: 2.43
During the past 13 years, Yakult Honsha Co's highest Quick Ratio was 3.11. The lowest was 1.33. And the median was 1.91.
TSE:2267's Quick Ratio is ranked better than 76.15% of 109
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.27
vs TSE:2267: 2.43
Yakult Honsha Co Quick Ratio Historical Data
The historical data trend for Yakult Honsha Co'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 Yakult Honsha Co's Quick Ratio
For the Beverages - Non-Alcoholic subindustry, Yakult Honsha Co'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.
Yakult Honsha Co's Quick Ratio Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Yakult Honsha Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Yakult Honsha Co's Quick Ratio falls into.
Yakult Honsha Co 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.
Yakult Honsha Co'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.
Yakult Honsha Co (TSE:2267) 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.
Yakult Honsha Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Yakult Honsha Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Yakult is a pioneer in probiotics, which launched the probiotic drinks Yakult in 1935 after Minoru Shirota's discovery of Lactobacillus casei strain Shirota, a strain of lactic acid bacteria proved to be able to live in intestines, in 1930. It operates in 40 countries across four continents selling mainly the Yakult probiotic drinks. Apart from the retail outlets, the home delivery channel, served by a team of 83,000 Yakult Ladies globally, contributes about 45% of its probiotic drink volume. Overseas markets comprise 40% of group sales and profits. Yakult has built a meaningful presence in populated emerging markets including China, Indonesia, Mexico, and Brazil. It plans to step up expansion in the U.S. It also operates a pharmaceutical business with an emphasis on oncology drugs.
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