Winshine Science Co has a quick ratio of 0.45. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Winshine Science Co's Quick Ratio or its related term are showing as below:
HKSE:00209'
s Quick Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.6 Max: 2.24
Current: 0.45
During the past 13 years, Winshine Science Co's highest Quick Ratio was 2.24. The lowest was 0.31. And the median was 0.60.
HKSE:00209's Quick Ratio is ranked worse than 82.22% of 838
companies
in the Travel & Leisure industry
Industry Median: 1.105
vs HKSE:00209: 0.45
Winshine Science Co Quick Ratio Historical Data
The historical data trend for Winshine Science Co's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Winshine Science Co's Quick Ratio
For the Leisure subindustry, Winshine Science Co's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Winshine Science Co's Quick Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Winshine Science Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Winshine Science Co's Quick Ratio falls into.
Winshine Science Co Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Winshine Science Co's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Winshine Science Co (HKSE:00209) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Winshine Science Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Winshine Science Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Winshine Science Co (HKSE:00209) Business Description
Winshine Science Co Ltd is an investment holding company. The company's segment includes Securities investments, Toys, and Medical & health. It generates maximum revenue from the Toys segment. The toys segment derives its revenue from manufacturing for the sale of toys. The securities investments segment derives its profits or losses from dividends received from, and other gains or losses from, equity securities investments. The medical and health segment is under the development stage in which research and development expenses for medical and health technology development have been incurred. Its geographical segments are Hong Kong, China, the United States, Europe, and Korea, of which the majority of its revenue comes from the United States.
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