Meiwu Technology Co (Meiwu Technology Co) Quick Ratio : 2.54 (As of Jun. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Meiwu Technology 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. Meiwu Technology Co's quick ratio for the quarter that ended in Jun. 2023 was 2.54.

Meiwu Technology Co has a quick ratio of 2.54. It generally indicates good short-term financial strength.

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

WNW' s Quick Ratio Range Over the Past 10 Years
Min: 0.31 Med: 2.68 Max: 7.24
Current: 2.54

During the past 5 years, Meiwu Technology Co's highest Quick Ratio was 7.24. The lowest was 0.31. And the median was 2.68.

WNW's Quick Ratio is ranked better than
87.59% of 1120 companies
in the Retail - Cyclical industry
Industry Median: 0.88 vs WNW: 2.54

Meiwu Technology Co Quick Ratio Historical Data

The historical data trend for Meiwu Technology 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.

* Premium members only.

Meiwu Technology Co Quick Ratio Chart

Meiwu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Quick Ratio

0.37

0.43

2.68

7.24

3.54

Meiwu Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Quick Ratio	Get a 7-Day Free Trial					4.82	7.24	4.06	3.54	2.54

Competitive Comparison of Meiwu Technology Co's Quick Ratio

For the Internet Retail subindustry, Meiwu Technology 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.

Meiwu Technology Co's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meiwu Technology Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Meiwu Technology Co's Quick Ratio falls into.

Meiwu Technology 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.

Meiwu Technology 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
	=	(29.874	-	0.345)	/	8.346
	=	3.54

Meiwu Technology 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
	=	(22.754	-	0.259)	/	8.845
	=	2.54

Meiwu Technology Co (NAS:WNW) 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.

Meiwu Technology Co Quick Ratio Related Terms

Thank you for viewing the detailed overview of Meiwu Technology Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Meiwu Technology Co (Meiwu Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meiwu Technology Co Ltd (NAS:WNW) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 743 Zhoushi Road, Hangcheng Street, 1602, Building C, Shenye Century Industrial Center, Bao’an District, Shenzhen, CHN

Website

https://www.wnw108.com

Meiwu Technology Co Ltd operates as an online food retail store and franchise restaurants in China. The products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. It operates in three segments: Clean Food Platform, which generates nearly all of its revenue; Restaurant; and Others.