ManpowerGroup Inc (MAN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 509,400 | 581,300 | 639,000 | 847,800 | 1,567,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 4,297,200 | 4,830,000 | 5,137,400 | 5,448,200 | 4,912,400 |
| Total current liabilities | US$ in thousands | 4,437,100 | 4,799,700 | 4,911,700 | 5,780,500 | 4,684,800 |
| Quick ratio | 1.08 | 1.13 | 1.18 | 1.09 | 1.38 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($509,400K
+ $—K
+ $4,297,200K)
÷ $4,437,100K
= 1.08
The quick ratio of ManpowerGroup Inc has shown some fluctuation over the past five years. Starting at 1.38 in December 31, 2020, the ratio gradually decreased to 1.09 by December 31, 2021, indicating a potential weakening of the company's ability to meet its short-term obligations using its most liquid assets. However, there was a slight improvement to 1.18 by December 31, 2022, before dropping to 1.13 by December 31, 2023. The ratio further decreased to 1.08 by December 31, 2024, suggesting a potential liquidity challenge in the company as its quick assets may not be sufficiently able to cover its current liabilities. Overall, while the quick ratio fluctuated, it generally remained above 1, which signals that ManpowerGroup Inc has been able to meet its short-term obligations using its quick assets during this period, albeit with some variability.
Peer comparison
Dec 31, 2024