Ross Stores Inc (ROST)
Quick ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,872,450 | 4,499,500 | 4,583,610 | 4,416,480 | 4,551,880 | 3,906,490 | 3,903,670 | 4,015,570 | 4,922,360 | 5,259,600 | 5,569,070 | 5,367,010 | 4,819,290 | 4,416,120 | 3,793,040 | 2,669,540 | 1,351,200 | 1,142,710 | 1,382,020 | 1,366,590 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 7 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 130,766 | 171,915 | 175,410 | 170,816 | 145,694 | 168,483 | 167,503 | 164,071 | 119,247 | 158,765 | 159,163 | 167,139 | 115,067 | 122,654 | 162,723 | 49,624 | 102,236 | 124,853 | 130,439 | 121,607 |
| Total current liabilities | US$ in thousands | 4,185,800 | 4,405,690 | 3,969,640 | 3,781,170 | 3,636,250 | 3,464,230 | 3,644,980 | 3,756,060 | 4,214,930 | 4,476,310 | 4,336,190 | 4,318,400 | 3,967,030 | 3,941,630 | 3,153,070 | 2,623,620 | 2,701,930 | 2,858,240 | 2,679,410 | 2,593,510 |
| Quick ratio | 1.20 | 1.06 | 1.20 | 1.21 | 1.29 | 1.18 | 1.12 | 1.11 | 1.20 | 1.21 | 1.32 | 1.28 | 1.24 | 1.15 | 1.25 | 1.04 | 0.54 | 0.44 | 0.56 | 0.57 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,872,450K
+ $—K
+ $130,766K)
÷ $4,185,800K
= 1.20
Ross Stores Inc's quick ratio has exhibited fluctuating trends over the past several periods. The quick ratio, which measures the company's ability to meet its short-term obligations without relying on inventory, ranged from a low of 0.44 to a high of 1.32 during the period analyzed.
The quick ratio was below 1 in only two instances, indicating that Ross Stores Inc generally had an adequate level of liquid assets to cover its current liabilities. The ratio peaked at 1.32 in the third quarter of 2021, suggesting strong liquidity position at that time. However, the quick ratio decreased in the subsequent periods before rebounding.
Overall, the quick ratio trend for Ross Stores Inc has shown variability, with some periods indicating a stronger liquidity position than others. It is important to monitor this ratio over time to assess the company's ability to meet its short-term obligations efficiently.
Peer comparison
Feb 3, 2024