What is Yi Chun Green 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. Yi Chun Green Technology Co's current ratio for the quarter that ended in Jun. 2024 was 1.80.
Yi Chun Green Technology Co has a current ratio of 1.80. It generally indicates good short-term financial strength.
The historical rank and industry rank for Yi Chun Green Technology Co's Current Ratio or its related term are showing as below:
ROCO:6912'
s Current Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.72 Max: 14.44
Current: 1.8
During the past 5 years, Yi Chun Green Technology Co's highest Current Ratio was 14.44. The lowest was 0.60. And the median was 1.72.
ROCO:6912's Current Ratio is ranked better than 58.4% of 250
companies
in the Waste Management industry
Industry Median: 1.525
vs ROCO:6912: 1.80
Yi Chun Green Technology 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.
Competitive Comparison of Yi Chun Green Technology Co's Current Ratio
For the Waste Management subindustry, Yi Chun Green 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.
Yi Chun Green Technology Co's Current Ratio Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Yi Chun Green Technology Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Yi Chun Green Technology Co's Current Ratio falls into.
Yi Chun Green 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.
* 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.
Yi Chun Green Technology Co (ROCO:6912) 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.
Yi Chun Green Technology Co Current Ratio Related Terms
Thank you for viewing the detailed overview of Yi Chun Green Technology Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Yi Chun Green Technology Co is a Company which is engaged in the business of recycling and reusing used diapers including related absorbent sanitary materials and factory-made defective diapers and their related scraps. The treatment methods for defective waste diapers are mostly incineration. The diapers contain plastics that cannot be decomposed and highly absorbent molecules. The company's main source of income is diaper recycling and the sale of recycled raw materials. After processing with patented technology, it is reduced to three main recycled materials.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ROCO:6912 has been successfully added to your