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Beijing Capital Jiaye Property Services Co (HKSE:02210) Quick Ratio : 1.42 (As of Jun. 2024)


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What is Beijing Capital Jiaye Property Services 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. Beijing Capital Jiaye Property Services Co's quick ratio for the quarter that ended in Jun. 2024 was 1.42.

Beijing Capital Jiaye Property Services Co has a quick ratio of 1.42. It generally indicates good short-term financial strength.

The historical rank and industry rank for Beijing Capital Jiaye Property Services Co's Quick Ratio or its related term are showing as below:

HKSE:02210' s Quick Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.42   Max: 1.52
Current: 1.42

During the past 6 years, Beijing Capital Jiaye Property Services Co's highest Quick Ratio was 1.52. The lowest was 1.19. And the median was 1.42.

HKSE:02210's Quick Ratio is ranked better than
69.06% of 1823 companies
in the Real Estate industry
Industry Median: 0.81 vs HKSE:02210: 1.42

Beijing Capital Jiaye Property Services Co Quick Ratio Historical Data

The historical data trend for Beijing Capital Jiaye Property Services 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.

Beijing Capital Jiaye Property Services Co Quick Ratio Chart

Beijing Capital Jiaye Property Services Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 1.19 1.23 1.52 1.45 1.38

Beijing Capital Jiaye Property Services Co Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.49 1.45 1.46 1.38 1.42

Competitive Comparison of Beijing Capital Jiaye Property Services Co's Quick Ratio

For the Real Estate Services subindustry, Beijing Capital Jiaye Property Services 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.


Beijing Capital Jiaye Property Services Co's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Beijing Capital Jiaye Property Services Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Capital Jiaye Property Services Co's Quick Ratio falls into.



Beijing Capital Jiaye Property Services 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.

Beijing Capital Jiaye Property Services Co's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2091.146-0.676)/1519.91
=1.38

Beijing Capital Jiaye Property Services Co's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1966.147-0.651)/1383.056
=1.42

* 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.


Beijing Capital Jiaye Property Services Co  (HKSE:02210) 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.


Beijing Capital Jiaye Property Services Co Quick Ratio Related Terms

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Beijing Capital Jiaye Property Services Co Business Description

Traded in Other Exchanges
N/A
Address
18 North Taipingzhuang Road, 11th Floor, Building B, Chengjian Plaza, Haidian District, Beijing, CHN, 100088
Beijing Capital Jiaye Property Services Co Ltd is a China-based company principally engaged in providing integrated property management services, community value-added services, and value-added services to non-property owners. The company's services mainly include security services, cleaning services, greening and gardening services, repair and maintenance services, and customer services. In addition, the company also provides community value-added services such as heating services, catering services, real estate brokerage services, and parking space operation services, and non-owner value-added services such as case and model room management, pre-delivery support services, tenant solicitation, and management services.
Executives
Hwabao Trust Co., Ltd 2301 Trustee
Hu Junsheng 2201 Interest of corporation controlled by you
China International Capital Corporation (hong Kong) Limited 2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited 2105 Underwriter
Cai Tong Ji Jin Guan Li You Xian Gong Si 2501 Other
Cai Tong Zheng Quan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Lu Shang Xiang Gang You Xian Gong Si 2101 Beneficial owner
Bei Jing Cheng Jian Liu Jian She Ji Tuan You Xian Gong Si 2501 Other
Bei Jing Cheng Jian Chang Cheng Jian She Ji Tuan You Xian Gong Si 2501 Other
Hua An Ji Jin Jin Xi Dan Yi Zi Chan Guan Li Ji Hua 2501 Other
Hua An Ji Jin Jin Ying Dan Yi Zi Chan Guan Li Ji Hua 2501 Other
Bei Jing Cheng Jian Bei Fang Ji Tuan You Xian Gong Si 2501 Other
Bei Shi Tou Zi Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Bei Jing Cheng Jian Yuan Dong Jian She Tou Zi Ji Tuan You Xian Gong Si 2101 Beneficial owner
Cai Tong Ji Jin Cai Tong Hai Wai Hao Dan Yi Zi Chan Guan Li Ji Hua 2501 Other

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