Dorman Products Inc (DORM)
Current ratio
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 1,369,760 | 1,316,080 | 1,233,040 | 1,162,820 | 1,233,710 | 1,195,360 | 1,188,780 | 1,189,740 | 1,269,120 | 1,177,020 | 1,131,060 | 1,088,200 | 1,076,580 | 1,013,140 | 974,609 | 966,637 | 922,931 | 870,875 | 886,700 | 854,260 |
Total current liabilities | US$ in thousands | 563,802 | 561,323 | 514,119 | 465,620 | 547,151 | 533,048 | 570,371 | 606,923 | 678,295 | 673,878 | 660,335 | 652,618 | 665,048 | 622,760 | 332,528 | 335,417 | 322,645 | 540,480 | 325,641 | 314,537 |
Current ratio | 2.43 | 2.34 | 2.40 | 2.50 | 2.25 | 2.24 | 2.08 | 1.96 | 1.87 | 1.75 | 1.71 | 1.67 | 1.62 | 1.63 | 2.93 | 2.88 | 2.86 | 1.61 | 2.72 | 2.72 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,369,760K ÷ $563,802K
= 2.43
The current ratio of Dorman Products Inc has shown fluctuating trends over the past few years, ranging from a low of 1.61 in September 2020 to a high of 2.93 in June 2021. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
Dorman's current ratio has generally remained above 2, indicating a healthy liquidity position. However, in more recent periods, the ratio has shown a slight decline, dropping to 1.67 in March 2022 and gradually falling to 2.43 by December 2024. While the company still maintains a current ratio above 2, the decreasing trend suggests a potential need to monitor the management of current assets and liabilities to ensure continued liquidity and financial stability.
Peer comparison
Dec 31, 2024