Fu Shou Yuan International Group has a Cash Ratio of 2.57. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Fu Shou Yuan International Group's Cash Ratio or its related term are showing as below:
HKSE:01448'
s Cash Ratio Range Over the Past 10 Years
Min: 2.15 Med: 2.73 Max: 3.22
Current: 2.57
During the past 12 years, Fu Shou Yuan International Group's highest Cash Ratio was 3.22. The lowest was 2.15. And the median was 2.73.
HKSE:01448's Cash Ratio is ranked better than 90.48% of 105
companies
in the Personal Services industry
Industry Median: 0.52
vs HKSE:01448: 2.57
Fu Shou Yuan International Group Cash Ratio Historical Data
* 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 Fu Shou Yuan International Group's Cash Ratio
For the Personal Services subindustry, Fu Shou Yuan International Group's Cash Ratio, along with its competitors' market caps and Cash 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.
Fu Shou Yuan International Group's Cash Ratio Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Fu Shou Yuan International Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Fu Shou Yuan International Group's Cash Ratio falls into.
Fu Shou Yuan International Group Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Fu Shou Yuan International Group (HKSE:01448) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Fu Shou Yuan International Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of Fu Shou Yuan International Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Fu Shou Yuan International Group (HKSE:01448) Business Description
Fu Shou Yuan International Group Ltd is a personal services company that provides burial, funeral, and auxiliary services throughout China. The company derives the vast majority of its revenue from the provision of burial services. Within this business activity, Fu Shou Yuan generates most of its revenue from the sale of primarily customized, artistic, and traditional burial plots. The company also provides cemetery maintenance services for its portfolio of cemeteries within its burial services segment. The majority of Fu Shou Yuan's sales come from the Shanghai region, while the Liaoning province also contributes a sizable percentage of total revenue. Fu Shou Yuan's other divisions are involved in the acquisition and operation of funeral homes and the building of cremation machines.
Fu Shou Yuan International Group (HKSE:01448) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01448 has been successfully added to your 