Plexus Corp (PLXS)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 345,109 | 269,868 | 265,053 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 622,366 | 643,786 | 645,523 | 656,207 | 661,542 | 706,898 | — | 733,962 | 737,696 | — | — | — | 519,684 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,643,290 | 1,724,710 | 1,736,840 | 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 |
| Quick ratio | 0.59 | 0.53 | 0.52 | 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 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($345,109K
+ $—K
+ $622,366K)
÷ $1,643,290K
= 0.59
The quick ratio of Plexus Corp has fluctuated over the past several quarters, ranging from 0.14 to 0.70. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term liabilities.
The quick ratio has shown some volatility, with notable improvements in some periods followed by declines in others. It dipped to a low of 0.14 in the first quarter of 2023, signaling potential liquidity challenges. However, the ratio improved significantly to 0.70 in the fourth quarter of 2021, indicating a strengthened ability to cover short-term obligations.
Overall, fluctuations in the quick ratio suggest varying levels of liquidity and efficiency in managing short-term obligations at Plexus Corp. Investors and stakeholders should continue to monitor the company's liquidity position to assess its ability to meet financial commitments in the short term.
Peer comparison
Sep 30, 2024