ManpowerGroup Inc (MAN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 509,400 | 410,900 | 468,900 | 604,800 | 581,300 | 571,100 | 407,600 | 706,700 | 639,000 | 527,500 | 886,200 | 777,300 | 847,800 | 1,612,600 | 1,461,400 | 1,522,700 | 1,567,100 | 1,587,700 | 1,438,600 | 1,099,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 4,297,200 | 4,592,800 | 4,595,700 | 4,458,500 | 4,830,000 | 4,600,200 | 4,995,200 | 4,773,200 | 5,137,400 | 4,720,300 | 5,343,900 | 5,440,000 | 5,448,200 | 5,091,400 | 5,203,300 | 4,892,700 | 4,912,400 | 4,535,700 | 4,224,600 | 4,748,500 |
| Total current liabilities | US$ in thousands | 4,437,100 | 4,525,000 | 4,578,000 | 4,504,100 | 4,799,700 | 4,427,700 | 4,616,400 | 4,579,600 | 4,911,700 | 4,450,000 | 5,401,100 | 5,697,200 | 5,780,500 | 5,349,400 | 4,950,200 | 4,750,400 | 4,684,800 | 4,275,500 | 3,937,600 | 4,075,500 |
| Quick ratio | 1.08 | 1.11 | 1.11 | 1.12 | 1.13 | 1.17 | 1.17 | 1.20 | 1.18 | 1.18 | 1.15 | 1.09 | 1.09 | 1.25 | 1.35 | 1.35 | 1.38 | 1.43 | 1.44 | 1.43 |
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 fluctuated over the years based on the provided data. It stood around 1.4 in the first half of 2020 before slightly declining to 1.35 in March 2021. The ratio decreased further to 1.09 by December 2021 and remained relatively stable around this level until mid-2022.
From mid-2022 to the end of 2024, the quick ratio fluctuated between 1.08 and 1.20. While the ratio generally remained above 1, which indicates the company's ability to cover its short-term liabilities with its most liquid assets, a decreasing trend over time may raise concerns about the company's liquidity position.
Overall, the quick ratio of ManpowerGroup Inc has demonstrated some variability but generally remained within a reasonable range to meet its short-term obligations with liquid assets. However, stakeholders should keep a close eye on the trend to ensure the company's continued ability to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024