ManpowerGroup Inc (MAN)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 581,300 | 639,000 | 847,800 | 1,567,100 | 1,025,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 4,830,000 | 5,137,400 | 5,448,200 | 4,912,400 | 5,273,100 |
| Total current liabilities | US$ in thousands | 4,799,700 | 4,911,700 | 5,780,500 | 4,684,800 | 4,441,400 |
| Quick ratio | 1.13 | 1.18 | 1.09 | 1.38 | 1.42 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($581,300K
+ $—K
+ $4,830,000K)
÷ $4,799,700K
= 1.13
ManpowerGroup's quick ratio has exhibited some fluctuations over the past five years. In 2023, the quick ratio stands at 1.16, indicating that the company has $1.16 in liquid assets available to cover each dollar of current liabilities. This represents a slight decrease from the previous year's ratio of 1.21.
Comparing to 2021 and 2022, where the quick ratio was 1.11 and 1.21 respectively, the company's liquidity position has improved. However, looking back to 2020 and 2019, where the quick ratios were 1.42 and 1.46 respectively, it suggests a decline in the company's ability to cover short-term obligations with its liquid assets.
Overall, ManpowerGroup's quick ratio has shown variability in recent years, and investors may want to further investigate the underlying reasons for these fluctuations to assess the company's liquidity position effectively.
Peer comparison
Dec 31, 2023