• Shiseido average quick ratio for 2023 was 0.88, a 3.3% decline from 2022.
• Shiseido average quick ratio for 2022 was 0.91, a 7.14% decline from 2021.
• Shiseido average quick ratio for 2021 was 0.98, a 19.51% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.