* 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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China Wood International Holding Co Quick Ratio Chart
Competitive Comparison of China Wood International Holding Co's Quick Ratio
For the Lumber & Wood Production subindustry, China Wood International Holding 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.
China Wood International Holding Co's Quick Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, China Wood International Holding Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China Wood International Holding Co's Quick Ratio falls into.
China Wood International Holding 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.
* 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.
China Wood International Holding Co (HKSE:01822) 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.
China Wood International Holding Co Quick Ratio Related Terms
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China Wood International Holding Co (HKSE:01822) Business Description
China Wood International Holding Co Ltd is an investment holding company. It operates in four segments: the Car rental segment, which engages in the provision of car rental services; the Wood-related business segment engages in the processing and distribution of furniture wood, and the manufacturing and sales of antique-style wood furniture and other wooden products; Financing services and investments segment is into money lending business through the provision of loans and financial investment holding; and Others segment is in the provision of services, such as public relations and property investment. It derives prime revenue from the PRC.
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