Williams-Sonoma Inc (WSM)
Quick ratio
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,262,010 | 698,807 | 514,435 | 297,291 | 367,344 | 113,058 | 124,944 | 324,835 | 850,338 | 656,898 | 655,211 | 639,670 | 1,200,340 | 773,170 | 947,760 | 861,002 | 432,162 | 155,025 | 120,467 | 107,683 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 122,914 | 124,238 | 117,045 | 109,203 | 115,685 | 125,842 | 133,500 | 122,946 | 131,683 | 139,511 | 141,814 | 142,459 | 143,728 | 129,782 | 128,737 | 104,829 | 111,737 | 110,131 | 111,114 | 102,195 |
| Total current liabilities | US$ in thousands | 1,880,320 | 1,788,990 | 1,663,850 | 1,701,820 | 1,636,450 | 1,854,720 | 1,811,040 | 1,743,640 | 1,771,690 | 1,691,620 | 1,578,830 | 1,519,270 | 1,848,000 | 1,460,130 | 1,664,160 | 1,682,090 | 1,609,560 | 1,288,910 | 1,186,880 | 1,114,220 |
| Quick ratio | 0.74 | 0.46 | 0.38 | 0.24 | 0.30 | 0.13 | 0.14 | 0.26 | 0.55 | 0.47 | 0.50 | 0.51 | 0.73 | 0.62 | 0.65 | 0.57 | 0.34 | 0.21 | 0.20 | 0.19 |
January 28, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,262,010K
+ $—K
+ $122,914K)
÷ $1,880,320K
= 0.74
The quick ratio of Williams-Sonoma Inc has fluctuated over the past several quarters, ranging from a low of 0.13 to a high of 0.74. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger liquidity position, as it means the company has an adequate level of liquid assets to cover its current liabilities.
In the most recent quarter, as of Jan 28, 2024, the quick ratio was 0.74, showing an improvement from the previous quarter. This suggests that the company had a higher proportion of liquid assets relative to current liabilities, indicating improved liquidity.
However, looking at the longer trend, the quick ratio has shown some volatility, with periods of both increase and decrease. It is important to monitor this ratio over time to assess the company's ongoing ability to meet its short-term financial obligations. Additionally, comparing the quick ratio to industry benchmarks and historical data for the company can provide further insights into its financial health and liquidity management.