Alltronics Holdings has a quick ratio of 1.36. It generally indicates good short-term financial strength.
The historical rank and industry rank for Alltronics Holdings's Quick Ratio or its related term are showing as below:
HKSE:00833'
s Quick Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.92 Max: 1.36
Current: 1.36
During the past 13 years, Alltronics Holdings's highest Quick Ratio was 1.36. The lowest was 0.59. And the median was 0.92.
HKSE:00833's Quick Ratio is ranked worse than 54.5% of 2488
companies
in the Hardware industry
Industry Median: 1.47
vs HKSE:00833: 1.36
Alltronics Holdings Quick Ratio Historical Data
The historical data trend for Alltronics Holdings'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 Alltronics Holdings's Quick Ratio
For the Electronic Components subindustry, Alltronics Holdings'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.
Alltronics Holdings's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Alltronics Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Alltronics Holdings's Quick Ratio falls into.
Alltronics Holdings 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.
Alltronics Holdings'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.
Alltronics Holdings (HKSE:00833) 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.
Alltronics Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Alltronics Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Alltronics Holdings (HKSE:00833) Business Description
Alltronics Holdings Ltd is an investment holding company. The group has three reportable operating segments as follows: Electronic Products, Biodiesel Products and Energy Saving Business. The Electronic Products segment is engaged in the manufacturing and trading of electronic products, plastic moulds, plastic and other components for electronic products. The Biodiesel Products segment is engaged in the trading of biodiesel products in Hong Kong, and the Energy Saving Business segment is involved in the provision of energy-saving business solutions to customers. The majority of its revenue is derived from Electronic Products. Its primary geographic markets include the United States, Hong Kong, Europe, PRC and other overseas countries.
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