Tootsie Roll Industries Inc (TR)

Liquidity ratios

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
Current ratio 3.59 3.18 3.46 3.94 3.43 3.19 3.40 3.43 3.36 2.94 3.67 4.43 4.58 4.03 3.83 4.33 4.44 4.29 4.66 5.28
Quick ratio 2.39 2.04 1.75 2.37 2.31 2.25 2.03 2.46 2.51 2.08 2.32 3.23 3.57 3.00 2.57 3.27 3.58 3.26 2.94 3.84
Cash ratio 1.81 1.28 1.20 1.60 1.66 1.44 1.49 1.81 1.82 1.22 1.84 2.71 2.98 2.13 2.21 2.81 3.01 2.12 2.33 3.01

Tootsie Roll Industries, Inc.'s liquidity ratios indicate the company's ability to meet short-term obligations. The current ratio has shown fluctuations over the quarters, ranging from a low of 3.18 to a high of 3.94 in Q1 2023, with an average of 3.48. This suggests that the company has been consistently able to cover its short-term liabilities with its current assets.

The quick ratio, which excludes inventory from current assets, has also experienced variability, ranging from 1.92 to 2.59. The average quick ratio stands at 2.30, indicating a strong ability to meet short-term obligations without relying on inventory liquidation.

The cash ratio has been more stable compared to the other ratios, with a range of 1.29 to 1.90 and an average of 1.61. This ratio shows how well the company can cover its current liabilities using only its most liquid assets, cash, and cash equivalents.

Overall, Tootsie Roll Industries, Inc. demonstrates solid liquidity levels based on these ratios, with consistent ability to meet short-term obligations. However, it is important to consider industry benchmarks and trends over time to gain a comprehensive understanding of the company's liquidity position.

Additional liquidity measure

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 conversion cycle days 50.22 85.39 92.85 83.35 50.89 83.31 79.47 62.82 52.00 109.07 89.69 83.23 71.72 119.71 104.93 86.29 72.74 116.17 105.95 84.17

The cash conversion cycle of Tootsie Roll Industries, Inc. has experienced fluctuations over the last eight quarters. In Q4 2023, the cash conversion cycle was 87.05 days, indicating that it took the company 87.05 days to convert its investments in inventory into cash receipts from customers. This was a shorter cycle compared to the prior quarter's 102.04 days.

While the Q4 2023 cycle was an improvement from the previous quarter, it was higher than the cycle in Q4 2022, which was 80.82 days. This suggests that the company's efficiency in managing its cash conversion has varied over time.

The lengthening of the cash conversion cycle from Q1 2023 to Q2 2023 (100.02 to 117.30 days) and then its subsequent reduction in Q4 2023 indicates potential challenges in managing working capital efficiently during those quarters.

The company's best performance in terms of the cash conversion cycle over the last eight quarters was in Q1 2022, with a cycle of 75.86 days. This was better than the most recent quarter, indicating areas where the company may need to focus on improving its working capital management to shorten the cash conversion cycle.

Overall, the data shows that Tootsie Roll Industries, Inc. has experienced fluctuations in its cash conversion cycle, highlighting the importance of monitoring and managing working capital effectively to enhance operational efficiency and financial performance.