Sunrise New Energy Co (Sunrise New Energy Co) Quick Ratio : 0.79 (As of Jun. 2023)

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What is Sunrise New Energy Co Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Sunrise New Energy Co's quick ratio for the quarter that ended in Jun. 2023 was 0.79.

Sunrise New Energy Co has a quick ratio of 0.79. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Sunrise New Energy Co's Quick Ratio or its related term are showing as below:

EPOW' s Quick Ratio Range Over the Past 10 Years
Min: 0.79 Med: 3.8 Max: 18.15
Current: 0.79

During the past 6 years, Sunrise New Energy Co's highest Quick Ratio was 18.15. The lowest was 0.79. And the median was 3.80.

EPOW's Quick Ratio is ranked worse than
80.91% of 3022 companies
in the Industrial Products industry
Industry Median: 1.4 vs EPOW: 0.79

Sunrise New Energy Co Quick Ratio Historical Data

The historical data trend for Sunrise New Energy 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.

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Sunrise New Energy Co Quick Ratio Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Quick Ratio

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3.80

2.37

4.58

18.15

1.01

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Quick Ratio	Get a 7-Day Free Trial							17.72	18.15	3.18	1.01	0.79

Competitive Comparison of Sunrise New Energy Co's Quick Ratio

For the Electrical Equipment & Parts subindustry, Sunrise New Energy 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.

Sunrise New Energy Co's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunrise New Energy Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Sunrise New Energy Co's Quick Ratio falls into.

Sunrise New Energy 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.

Sunrise New Energy Co's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(44.638	-	18.331)	/	26.023
	=	1.01

Sunrise New Energy Co's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(52.885	-	20.858)	/	40.584
	=	0.79

Sunrise New Energy Co (NAS:EPOW) 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.

Sunrise New Energy Co Quick Ratio Related Terms

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Sunrise New Energy Co (Sunrise New Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise New Energy Co Ltd (NAS:EPOW) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

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Address

No. 69 Sanying Road, Zibo Science and Technology Industrial Entrepreneurship Park, Room 703, West Zone, R&D Building, Zhangdian District, Shandong Province, Zibo City, CHN

Website

https://www.sunrisenewenergy.com

Sunrise New Energy Co Ltd is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company's joint venture is into the construction of a manufacturing plant in Guizhou Province. The plant runs on inexpensive electricity from renewable sources that enables the group to be a low-cost and low environmental impact producer of graphite anode material, Its products include GS-1, GS-2, GS-3, GZD-1, GLD-1, and GZ-1.