Standex International Corporation (SXI)

Liquidity ratios

	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	Sep 30, 2019
Current ratio	3.37	3.43	3.34	3.19	3.43	3.53	3.03	3.09	2.51	2.90	2.88	2.78	2.61	2.66	2.77	2.75	2.70	2.64	2.36	2.41
Quick ratio	2.20	2.16	2.10	1.96	2.30	2.37	1.87	1.90	1.52	1.92	1.94	1.84	1.80	1.80	1.83	1.79	1.83	1.58	1.47	1.53
Cash ratio	1.25	1.16	1.11	0.98	1.41	1.42	0.94	0.93	0.70	0.99	1.07	0.97	0.95	0.89	0.93	0.82	0.97	0.80	0.68	0.67

The liquidity ratios of Standex International Corporation have shown fluctuating trends over the past few quarters. The current ratio, which measures the company's ability to meet short-term obligations with its current assets, has generally been above 3.0, indicating a strong liquidity position. However, there was a slight decrease in the current ratio in the latest quarter compared to the previous quarter.

The quick ratio, which provides a more conservative measure of liquidity by excluding inventory from current assets, has also exhibited a similar pattern of fluctuation. Despite some variability, the quick ratio has generally remained above 1.5, suggesting that the company can quickly cover its immediate liabilities using its most liquid assets.

The cash ratio, representing the most stringent measure of liquidity as it considers only cash and cash equivalents, has demonstrated a similar trend of fluctuation, albeit at lower levels compared to the current and quick ratios. Standex International Corporation's ability to cover its short-term obligations with cash on hand has shown some variability, but the company has generally maintained a healthy cash position.

Overall, while the liquidity ratios of Standex International Corporation have displayed some variability, they generally indicate a solid liquidity position with the ability to meet short-term obligations effectively. However, the company should continue to monitor its liquidity closely, especially in times of economic uncertainty or operational challenges.

Additional liquidity measure

		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	Sep 30, 2019
Cash conversion cycle	days	75.57	82.94	79.29	78.67	73.70	77.90	82.68	77.59	79.09	82.46	78.58	77.38	80.85	89.05	86.88	90.92	76.12	70.49	77.11	70.38

The cash conversion cycle of Standex International Corporation has shown some variability over the past several quarters. The company's cash conversion cycle measures the time it takes for the company to convert its investments in inventory and receivables into cash received from its sales.

From the data provided, we can see that the cash conversion cycle has ranged from a low of 70.38 days to a high of 90.92 days over the past eight quarters. This indicates that Standex International Corporation has experienced fluctuations in its efficiency in managing its working capital during this period.

A lower cash conversion cycle is generally indicative of a more efficient management of working capital, as it means that the company is able to collect cash from sales and convert inventory into sales quickly. On the other hand, a higher cash conversion cycle suggests that the company is taking longer to realize cash from its operations.

It is important for Standex International Corporation to closely monitor and manage its cash conversion cycle to ensure optimal efficiency in its working capital management. By reducing the time it takes to convert inventory and receivables into cash, the company can improve its liquidity position and overall financial performance.