Ultra Clean Holdings Inc (UCTT)

Liquidity ratios

Dec 31, 2024 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
Current ratio 2.89 2.75 2.73 2.76 2.88 3.15 3.18 3.13 2.82 2.79 2.81 2.69 2.42 2.56 2.81 2.42 2.71 2.63 2.49 2.48
Quick ratio 1.65 1.52 1.50 1.48 1.57 1.75 1.70 1.63 1.57 1.69 1.07 0.88 1.53 1.68 1.86 1.64 1.72 1.65 1.56 1.51
Cash ratio 0.94 0.89 0.91 0.89 0.99 1.16 1.09 1.03 0.92 1.11 1.07 0.88 0.99 1.11 1.27 1.00 1.00 0.90 0.94 0.98

Ultra Clean Holdings Inc's liquidity ratios reflect a healthy liquidity position over the past few years.

The current ratio has been relatively stable, ranging from 2.42 to 3.18, with an average of around 2.7. This indicates that the company has been able to cover its short-term obligations comfortably with its current assets, such as cash, accounts receivable, and inventory.

The quick ratio, which excludes inventory from current assets, has shown some fluctuation but generally remains above 1. This suggests that the company can meet its short-term liabilities without relying on selling inventory, which is a positive sign of financial health.

The cash ratio, which measures a company's ability to cover its current liabilities with its cash and cash equivalents, has also been consistent. The company's ability to cover its short-term obligations with cash has generally been above 1, indicating a strong ability to settle debts immediately if necessary.

Overall, Ultra Clean Holdings Inc's liquidity ratios demonstrate sound financial management and the ability to meet its short-term obligations efficiently.

Additional liquidity measure

Dec 31, 2024 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
Cash conversion cycle days 77.28 79.70 80.14 82.08 83.53 78.70 73.97 78.51 75.40 60.76 28.50 31.01 53.55 58.89 65.64 48.51 57.46 62.69 62.38 59.82

The cash conversion cycle of Ultra Clean Holdings Inc has fluctuated over the past few years. From March 31, 2020, to December 31, 2024, the company's cash conversion cycle ranged from a low of 28.50 days to a high of 83.53 days.

Notably, the company experienced a gradual decrease in its cash conversion cycle from March 31, 2022, to June 30, 2022, where it reached the lowest point of 28.50 days. However, the cycle increased again and peaked at 83.53 days on December 31, 2023.

Overall, Ultra Clean Holdings Inc's cash conversion cycle demonstrates periods of efficiency in managing cash flows but also indicates challenges in optimizing working capital during certain quarters, potentially impacting the company's liquidity and operational performance. Close monitoring and strategic management of the cash conversion cycle will be crucial for maintaining financial stability and sustainable growth.