Nitori Holdings Co (TSE:9843) Quick Ratio : 0.89 (As of Dec. 2023)

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What is Nitori Holdings Co 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. Nitori Holdings Co's quick ratio for the quarter that ended in Dec. 2023 was 0.89.

Nitori Holdings Co has a quick ratio of 0.89. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Nitori Holdings Co's Quick Ratio or its related term are showing as below:

TSE:9843' s Quick Ratio Range Over the Past 10 Years
Min: 0.86 Med: 1.33 Max: 2.68
Current: 0.89

During the past 13 years, Nitori Holdings Co's highest Quick Ratio was 2.68. The lowest was 0.86. And the median was 1.33.

TSE:9843's Quick Ratio is ranked worse than
67.21% of 427 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.19 vs TSE:9843: 0.89

Nitori Holdings Co Quick Ratio Historical Data

The historical data trend for Nitori Holdings 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.

* Premium members only.

Nitori Holdings Co Quick Ratio Chart

Nitori Holdings Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Quick Ratio

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1.33

1.56

2.04

1.08

1.18

Nitori Holdings Co Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															0.99	0.88	0.94	0.86	0.89

Competitive Comparison of Nitori Holdings Co's Quick Ratio

For the Furnishings, Fixtures & Appliances subindustry, Nitori Holdings 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.

Nitori Holdings Co's Quick Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Nitori Holdings Co's Quick Ratio falls into.

Nitori Holdings 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.

Nitori Holdings Co's Quick Ratio for the fiscal year that ended in Feb. 2022 is calculated as

Quick Ratio (A: Feb. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(278367	-	85938)	/	163181
	=	1.18

Nitori Holdings Co'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
	=	(322469	-	106648)	/	242727
	=	0.89

Nitori Holdings Co (TSE:9843) 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.

Nitori Holdings Co Quick Ratio Related Terms

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Nitori Holdings Co (TSE:9843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nitori Holdings Co Ltd (TSE:9843) » Definitions » Quick Ratio

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NCLTY:USA NCLTF:USA

Address

6-20, Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043

Website

http://www.nitorihd.co.jp

Nitori Holdings Co Ltd is a Japanese holding company engaged in the sale of furniture and interior goods. It primarily operates home furnishing and fashion stores, along with other ventures such as the Nitori Mall and Corporate Enterprise, which focuses on corporate customers. It conducts these operations and more through its subsidiaries. The firm's products include bedding, curtains, cookware, tableware, tables, desks, and sofas. Nitori's operations are divided among manufacturing, trading company and logistics (which deals with imports and distribution centers), sales, and advertisement and publicity. Aside from its presence across Japan, the company operates in California, China, Huizhou, Indonesia, Shanghai, and Vietnam.

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