Maplebear Inc. (CART)
Liquidity ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.38 | 3.06 | 3.45 | 3.78 | 4.51 | 4.50 | 4.25 | 3.96 | 3.45 | 3.45 | 3.68 | — | 4.05 | 4.05 | — | — | 10.94 |
| Quick ratio | 1.72 | 1.60 | 2.09 | 2.32 | 3.17 | 3.02 | 2.88 | 2.62 | 2.16 | 2.16 | 2.53 | — | 2.52 | 2.52 | — | — | 10.76 |
| Cash ratio | 1.72 | 1.60 | 2.09 | 2.32 | 3.17 | 3.02 | 2.88 | 2.62 | 2.16 | 2.16 | 2.53 | — | 2.52 | 2.52 | — | — | 10.76 |
Maplebear Inc.'s current ratio has experienced fluctuations over the years, indicating changes in its ability to cover short-term obligations. The ratio was significantly high at 10.94 in September 2019 but has since declined and fluctuated around the 3 to 4 range in recent periods. This suggests that while the company may have had an excess of current assets in the past, its current assets may now be more in line with its current liabilities.
In terms of the quick ratio, which provides a more stringent measure of liquidity by excluding inventories from current assets, Maplebear Inc. has shown a similar trend of fluctuation. The quick ratio was high at 10.76 in September 2019 and has since decreased to around 1.60 to 3.17 by December 2024. This signifies that the firm's ability to meet its short-term obligations without relying on inventory has reduced over time.
The cash ratio, which is the most stringent measure of liquidity as it considers only cash and cash equivalents, has followed a pattern similar to the quick ratio for Maplebear Inc. The ratio declined from 10.76 in September 2019 to 1.72 in December 2024, indicating a decreasing ability to cover short-term obligations solely with cash.
Overall, Maplebear Inc.'s liquidity ratios have shown a general decline over the years, indicating a potential decrease in its short-term solvency and liquidity position. It may be important for the company to closely monitor and manage its liquidity position to ensure it can meet its obligations as they become due.
Additional liquidity measure
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 36.07 | 37.04 | 0.00 | 37.81 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Maplebear Inc.'s cash conversion cycle, a measure of how efficiently the company is managing its working capital, has shown some fluctuations over the reporting periods.
Initially, from September 2019 to September 2021, the cash conversion cycle remained at 0.00 days, indicating that Maplebear was efficiently managing its cash, inventory, and accounts receivable during this period.
However, starting from December 2022, the cash conversion cycle increased to 37.81 days, indicating a potential delay in converting its investments in inventory and receivables into cash.
Although the cycle decreased in March 2023 to 0.00 days, it rose again in June and September 2023 to 37.04 days and 36.07 days, respectively, suggesting that Maplebear faced challenges in managing its working capital efficiently during these quarters.
Subsequently, from December 2023 to December 2024, the cash conversion cycle returned to 0.00 days, indicating that the company may have improved its working capital management strategies.
Overall, Maplebear Inc. experienced variations in its cash conversion cycle, highlighting the importance of closely monitoring and managing working capital components to ensure optimal cash flow efficiency.