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Zhuhai Pilot Technology Co (BJSE:831175) Current Ratio : 2.56 (As of Jun. 2024)


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What is Zhuhai Pilot Technology Co Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Zhuhai Pilot Technology Co's current ratio for the quarter that ended in Jun. 2024 was 2.56.

Zhuhai Pilot Technology Co has a current ratio of 2.56. It generally indicates good short-term financial strength.

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

BJSE:831175' s Current Ratio Range Over the Past 10 Years
Min: 1.78   Med: 3.17   Max: 6.66
Current: 2.56

During the past 12 years, Zhuhai Pilot Technology Co's highest Current Ratio was 6.66. The lowest was 1.78. And the median was 3.17.

BJSE:831175's Current Ratio is ranked better than
64.95% of 2468 companies
in the Hardware industry
Industry Median: 1.99 vs BJSE:831175: 2.56

Zhuhai Pilot Technology Co Current Ratio Historical Data

The historical data trend for Zhuhai Pilot Technology Co's Current 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.

Zhuhai Pilot Technology Co Current Ratio Chart

Zhuhai Pilot Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 2.94 2.04 1.88 2.51

Zhuhai Pilot Technology Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.29 2.29 2.51 2.76 2.56

Competitive Comparison of Zhuhai Pilot Technology Co's Current Ratio

For the Electronic Components subindustry, Zhuhai Pilot Technology Co's Current Ratio, along with its competitors' market caps and Current 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.


Zhuhai Pilot Technology Co's Current Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhuhai Pilot Technology Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where Zhuhai Pilot Technology Co's Current Ratio falls into.



Zhuhai Pilot Technology Co Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Zhuhai Pilot Technology Co's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=762.761/303.488
=2.51

Zhuhai Pilot Technology Co's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=715.158/278.89
=2.56

* 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.


Zhuhai Pilot Technology Co  (BJSE:831175) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Zhuhai Pilot Technology Co Current Ratio Related Terms

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Zhuhai Pilot Technology Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 15, Coast Science and Technology 6th Road, Floors 1 to 3, Building 1, High-tech Zone, Guangdong, Zhuhai, CHN, 519000
Zhuhai Pilot Technology Co Ltd Provides energy Internet of Things products and energy digital solutions to power user-side customers such as large buildings, data centers, finance, hospitals, transportation hubs, and industrial parks. Its main products include intelligent power measurement and control protection, energy and key equipment IoT management and control platform, smart energy dual-carbon integrated management platform, electric Car charging equipment and system platforms form a safe, economical, and low-carbon digital energy service system based on data and algorithms.

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