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Chinatesta Textile Testing and Certification Services Co has a current ratio of 9.37. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
BJSE:920122's Current Ratio is ranked better than 95.69% of 1091
companies
in the Business Services industry
Industry Median: 1.83
vs BJSE:920122: 9.37
Chinatesta Textile Testing and Certification Services Co (BJSE:920122) 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.
Chinatesta Textile Testing and Certification Services Co Current Ratio Related Terms
Chinatesta Textile Testing and Certification Services Co Current Ratio Historical Data
* 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.
Chinatesta Textile Testing and Certification Services Co Current Ratio Chart
Chinatesta Textile Testing and Certification Services Co Annual Data
* 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.
Chinatesta Textile Testing and Certification Services Co Current Ratio vs Business Services Industry
* 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.
Chinatesta Textile Testing and Certification Services Co (BJSE:920122) has a Current Ratio of 9.37 as of Mar. 2026. This is 18% above median its historical median of 7.97. Over the past decade, Chinatesta Textile Testing and Certification Services Co's Current Ratio has ranged from 2.71 to 13.50. According to the industry distribution chart, Chinatesta Textile Testing and Certification Services Co ranks #47 out of 1091 companies in the Business Services industry, placing it in the top 4.3%.
Is Chinatesta Textile Testing and Certification Services Co's Current Ratio too high?
Chinatesta Textile Testing and Certification Services Co's current Current Ratio of 9.37 is 18% above median its 10-year median of 7.97. Over the past 10 years, this metric has ranged from a low of 2.71 to a high of 13.50. The Business Services industry median Current Ratio is 1.83. Chinatesta Textile Testing and Certification Services Co's value of 9.37 is 412% above this industry median. Based on the distribution chart, Chinatesta Textile Testing and Certification Services Co ranks #47 out of 1091 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Chinatesta Textile Testing and Certification Services Co has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chinatesta Textile Testing and Certification Services Co's Current Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Chinatesta Textile Testing and Certification Services Co ranks #47 out of 1091 companies for Current Ratio. This places Chinatesta Textile Testing and Certification Services Co in the top 4% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.83. Chinatesta Textile Testing and Certification Services Co's value of 9.37 is 412% above this benchmark. Historically, Chinatesta Textile Testing and Certification Services Co's own Current Ratio has ranged from 2.71 to 13.50 over the past decade. While the company's 10-year median is 7.97 vs. the industry median of 1.83, Chinatesta Textile Testing and Certification Services Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Business Services company?
The median Current Ratio among Business Services companies is 1.83, based on 1,091 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chinatesta Textile Testing and Certification Services Co's current Current Ratio of 9.37 is 412% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median Current Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chinatesta Textile Testing and Certification Services Co's current Current Ratio is 9.37, which is 18% above median its own 10-year median of 7.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chinatesta Textile Testing and Certification Services Co stock overvalued right now?
Based on GuruFocus' analysis, Chinatesta Textile Testing and Certification Services Co (BJSE:920122) is currently considered Possible Value Trap. The stock's GF Value™ is ¥39.68, compared to a current price of ¥21.51 — trading 45.8% below its estimated fair value. The current Current Ratio is 9.37, which is 18% above median its 10-year median of 7.97 and 412% above the Business Services industry median of 1.83. Chinatesta Textile Testing and Certification Services Co's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Chinatesta Textile Testing and Certification Services Co (BJSE:920122), the current Current Ratio is 9.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Chinatesta Textile Testing and Certification Services Co (BJSE:920122) Overvalued in 2026?
Based on GuruFocus' analysis, Chinatesta Textile Testing and Certification Services Co stock appears to be undervalued.
The current stock price of ¥21.51 is trading 45.8% below its estimated GF Value™ of ¥39.68.
GuruFocus considers Chinatesta Textile Testing and Certification Services Co to be Possible Value Trap.
Key valuation signals for BJSE:920122:
Current Ratio: 9.37 (18% above median its 10-year median of 7.97)
GF Value™: ¥39.68 vs. price of ¥21.51 (45.8% below fair value)
Industry Position: 412% above the Business Services median (#47 of 1091)
No single metric tells the full story. See the BJSE:920122 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chinatesta Textile Testing and Certification Services Co Business Description
Chinatesta Textile Testing and Certification Services Co Ltd is engaged in the research and revision of textile standards, inspection, testing, and certification of textile and light industrial products, research and development, management of test consumables, and calibration of textile instruments.
63GF Score
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