This score has to be compared with competitors and industry benchmarks to make good sense of it. The price-to-research ratio measures the relationship between a company's market capitalization and its research and development expenses. Quick Ratio total ranking fell in contrast to the previous quarter from to 12. Saudi Arabia has the largest manufacturing industry in the Gulf. When evaluating stock from a specific sector, some key ratios are more informative than others. Within Healthcare sector 4 other industries have achieved higher Working Capital Ratio. , This cookie is set by GDPR Cookie Consent plugin. Where working capital of a company is (current assets current liabilities). Europes top high-tech industry employers are the research-based pharmaceutical industries. The current ratio indicates a company's ability to meet short-term debt obligations. Once a pharmaceutical company manages to bring a product to market, a key element is how the company can manufacture and sell the product. Artificial Intelligence. Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. Pharmaceutical industry is currently one of the most fast-developing ones. Investors use this ratio to monitor a companys usage of assets for revenue generation. Hold Indoco Remedies; target of Rs 250: ICICI Direct. Financial Ratio Current ratio 20-21 4.1.2. The pharma industry must embrace new technologies, patient design, and innovations. To calculate how many days it will take to sell the inventory on hand at the current rate, divide 365 days in the year by 3, which equals 121.67 days. In general, a good current ratio is anything over 1, with 1.5 to 2 being the ideal. The pharmaceutical industrys characteristics vary from one region to the next. As we observed in the previous section, the IRS financial ratio database is the most reliable reference point. This ratio will be applicable mostly to those companies that have a significant investment in assets. However, this ratio has to be analyzed over a period of time to understand trends and in comparison with industry benchmarks. Explore now . Share Price 965.2: Mar 02,2023 . The Current P/E Ratio of SUN PHARMACEUTICAL INDUSTRIES is 54.30. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Browse . Industry: Major Pharmaceutical Preparations, >, Compare Industry's Sales per Employee to 's or S&P, More Data About Major Pharmaceutical Preparations Industry, Revenue per Employee for CLOV's Competitors, Compare Industry's Income per Employee to 's or S&P, Income per Employee for CLOV's Competitors, Compare Industry's Receivable Turnover to 's or S&P, Receivable Turnover for CLOV's Competitors, Compare Industry's Inventory Turnover to 's or S&P, Inventory Turnover for CLOV's Competitors, Compare Industry's Asset Turnover to 's or S&P.
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