Liveramp Holdings Inc (RAMP)
Liquidity ratios
| 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 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.78 | 3.69 | 3.90 | 4.10 | 4.09 | 3.96 | 4.69 | 5.07 | 4.42 | 4.47 | 5.69 | 5.93 | 5.00 | 5.46 | 5.89 | 6.56 | 5.55 | 6.26 | 7.67 | 9.40 |
| Quick ratio | 2.62 | 3.51 | 3.74 | 3.93 | 3.91 | 3.76 | 4.53 | 4.89 | 4.26 | 4.24 | 5.42 | 5.63 | 4.60 | 5.28 | 5.61 | 6.24 | 5.26 | 5.85 | 7.14 | 9.04 |
| Cash ratio | 1.70 | 2.54 | 2.81 | 2.92 | 2.84 | 2.62 | 3.28 | 3.61 | 3.29 | 3.05 | 3.99 | 4.21 | 3.51 | 4.24 | 4.61 | 5.16 | 4.45 | 5.15 | 6.30 | 8.30 |
Liveramp Holdings Inc's liquidity ratios have shown a decreasing trend over the recent quarters. The current ratio decreased from 9.40 in Sep 2019 to 2.78 in Mar 2024, indicating a reduction in the company's ability to cover its short-term obligations with current assets. The quick ratio and cash ratio also demonstrated a similar declining pattern. The quick ratio, which excludes inventory from current assets, decreased from 9.04 in Dec 2019 to 2.62 in Mar 2024, showing a potential decrease in the company's ability to meet its short-term obligations without relying on inventory.
Overall, Liveramp Holdings Inc's liquidity position appears to have weakened over the recent quarters, raising concerns about its ability to meet its short-term financial commitments. Investors and stakeholders may need to monitor the trend closely to assess the company's liquidity risk and financial health.
Additional liquidity measure
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 52.55 | 53.01 | 29.26 | 51.78 | 36.68 | 64.39 | 76.85 | 79.11 | 55.17 | 112.16 | 118.92 | 129.39 | 114.91 | 111.73 | 94.31 | 102.50 | 92.25 | 91.37 | 102.96 | 88.59 |
The cash conversion cycle of Liveramp Holdings Inc has shown fluctuations over the past few quarters. The company's cash conversion cycle is a measure of how long it takes for the company to convert its investments in inventory and other resources into cash flows from sales.
The trend shows that the company's cash conversion cycle has ranged from a low of 29.26 days to a high of 129.39 days over the past few quarters. Generally, a shorter cash conversion cycle is preferred as it indicates that the company is efficiently managing its working capital and generating cash flow.
In the more recent quarters, the company has shown improvement in its cash conversion cycle, with figures around 50-60 days. This suggests that the company has been able to improve its efficiency in managing inventory, accounts receivable, and accounts payable.
However, it is worth noting that there have been periods of longer cash conversion cycles, such as in the third and fourth quarters of 2021, where the cycle exceeded 100 days. This could indicate potential issues with inventory management, slow collections from customers, or delays in payments to suppliers.
Overall, monitoring and analyzing the cash conversion cycle is important for understanding how efficiently Liveramp Holdings Inc is managing its working capital and generating cash flows from its operations.