Universal Display (OLED)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 917,132 | 878,715 | 878,147 | 950,221 | 899,450 | 977,193 | 932,157 | 959,786 | 925,934 | 1,055,140 | 992,892 | 959,335 | 924,606 | 886,154 | 830,159 | 812,071 | 792,439 | 731,016 | 688,694 | 652,172 |
| Total current liabilities | US$ in thousands | 118,822 | 131,343 | 80,732 | 114,957 | 135,697 | 138,199 | 155,213 | 178,254 | 187,938 | 180,261 | 162,563 | 166,332 | 164,960 | 182,760 | 162,695 | 136,554 | 161,508 | 148,392 | 139,736 | 131,574 |
| Current ratio | 7.72 | 6.69 | 10.88 | 8.27 | 6.63 | 7.07 | 6.01 | 5.38 | 4.93 | 5.85 | 6.11 | 5.77 | 5.61 | 4.85 | 5.10 | 5.95 | 4.91 | 4.93 | 4.93 | 4.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $917,132K ÷ $118,822K
= 7.72
The current ratio of Universal Display Corp. has exhibited significant fluctuation over the past eight quarters. The company's current ratio ranged from a low of 5.38 in Q1 2022 to a high of 10.88 in Q2 2023, indicating fluctuations in its short-term liquidity position during this period.
An analysis of the trend shows that the current ratio generally improved from Q1 2022 to Q2 2023, reaching its peak in the latter quarter. This suggests that the company's ability to meet its short-term liabilities with current assets strengthened during this period.
However, it is worth noting that the current ratio decreased in Q3 2023 compared to Q2 2023, although it remained relatively high at 6.69. The subsequent increase to 7.72 in Q4 2023 indicates a recovery in the company's short-term liquidity position.
Overall, while the current ratio of Universal Display Corp. has displayed fluctuations over the past eight quarters, the general trend indicates an improvement in the company's ability to cover its short-term obligations with current assets.
Peer comparison
Dec 31, 2023