Plexus Corp (PLXS)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 231,982 | 256,233 | 252,965 | 269,664 | 247,880 | 274,805 | 276,608 | 307,964 | 217,067 | 270,172 | 303,255 | 294,370 | 356,724 | 385,807 | 296,545 | 225,830 | 252,914 | 223,761 | 198,395 | 184,028 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 656,207 | 661,542 | 706,898 | — | 733,962 | 737,696 | — | — | — | 519,684 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,743,560 | 1,812,670 | 1,940,980 | 1,917,860 | 1,954,460 | 2,006,190 | 1,860,740 | 1,659,140 | 1,366,480 | 1,128,700 | 1,001,560 | 919,273 | 955,456 | 1,003,520 | 1,037,620 | 900,857 | 889,851 | 865,503 | 875,636 | 844,674 |
| Quick ratio | 0.51 | 0.51 | 0.49 | 0.14 | 0.50 | 0.50 | 0.15 | 0.19 | 0.16 | 0.70 | 0.30 | 0.32 | 0.37 | 0.38 | 0.29 | 0.25 | 0.28 | 0.26 | 0.23 | 0.22 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($231,982K
+ $—K
+ $656,207K)
÷ $1,743,560K
= 0.51
The quick ratio of Plexus Corp has exhibited fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From the data provided, we can observe that the quick ratio has ranged from as low as 0.14 to as high as 0.70 in the recent quarters. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities with its liquid assets alone.
In the latest quarter, the quick ratio stands at 0.51, relatively consistent with the preceding quarter. However, it is important to note that the quick ratio has been below 1 in several periods, suggesting potential liquidity challenges.
Further analysis should be conducted to understand the reasons behind the fluctuations in the quick ratio and to assess the overall liquidity position of Plexus Corp.
Peer comparison
Dec 31, 2023