Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shanghai Lianming Machinery Co has a current ratio of 3.01. 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.
The historical rank and industry rank for Shanghai Lianming Machinery Co's Current Ratio or its related term are showing as below:
SHSE:603006'
s Current Ratio Range Over the Past 10 Years
Min: 1.43 Med: 2.46 Max: 3.43
Current: 3.01
During the past 13 years, Shanghai Lianming Machinery Co's highest Current Ratio was 3.43. The lowest was 1.43. And the median was 2.46.
SHSE:603006's Current Ratio is ranked better than 84.29% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 1.525
vs SHSE:603006: 3.01
Shanghai Lianming Machinery Co (SHSE:603006) 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.
Shanghai Lianming Machinery Co Current Ratio Related Terms
Shanghai Lianming Machinery 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.
Shanghai Lianming Machinery Co Current Ratio Chart
SHSE:603006 vs ORLY, AZO: Current Ratio Comparison
For the Auto Parts subindustry, Shanghai Lianming Machinery 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.
Shanghai Lianming Machinery Co Current Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Lianming Machinery Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Shanghai Lianming Machinery Co's Current Ratio falls into.
* 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.
Shanghai Lianming Machinery Co (SHSE:603006) has a Current Ratio of 3.01 as of Mar. 2026. This is 22% above median its historical median of 2.46. Over the past decade, Shanghai Lianming Machinery Co's Current Ratio has ranged from 1.43 to 3.43. According to the industry distribution chart, Shanghai Lianming Machinery Co ranks #209 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 15.7%.
Is Shanghai Lianming Machinery Co's Current Ratio too high?
Shanghai Lianming Machinery Co's current Current Ratio of 3.01 is 22% above median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 3.43. The Vehicles & Parts industry median Current Ratio is 1.53. Shanghai Lianming Machinery Co's value of 3.01 is 97.4% above this industry median. Based on the distribution chart, Shanghai Lianming Machinery Co ranks #209 out of 1330 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai Lianming Machinery Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Lianming Machinery Co's Current Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shanghai Lianming Machinery Co ranks #209 out of 1330 companies for Current Ratio. This places Shanghai Lianming Machinery Co in the top 16% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.53. Shanghai Lianming Machinery Co's value of 3.01 is 97.4% above this benchmark. Historically, Shanghai Lianming Machinery Co's own Current Ratio has ranged from 1.43 to 3.43 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 1.53, Shanghai Lianming Machinery 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 Vehicles & Parts company?
The median Current Ratio among Vehicles & Parts companies is 1.53, based on 1,330 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. Shanghai Lianming Machinery Co's current Current Ratio of 3.01 is 97.4% 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 Vehicles & Parts industry, the median Current Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Lianming Machinery Co's current Current Ratio is 3.01, which is 22% above median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Lianming Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Lianming Machinery Co (SHSE:603006) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.87, compared to a current price of ¥11.15 — trading 2.6% above its estimated fair value. The current Current Ratio is 3.01, which is 22% above median its 10-year median of 2.46 and 97.4% above the Vehicles & Parts industry median of 1.53. Shanghai Lianming Machinery Co's overall GF Score™ is 69/100 with 5 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 Shanghai Lianming Machinery Co (SHSE:603006), the current Current Ratio is 3.01 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 Shanghai Lianming Machinery Co (SHSE:603006) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Lianming Machinery Co stock appears to be overvalued.
The current stock price of ¥11.15 is trading 2.6% above its estimated GF Value™ of ¥10.87.
GuruFocus considers Shanghai Lianming Machinery Co to be Fairly Valued.
Key valuation signals for SHSE:603006:
Current Ratio: 3.01 (22% above median its 10-year median of 2.46)
GF Value™: ¥10.87 vs. price of ¥11.15 (2.6% above fair value)
Industry Position: 97.4% above the Vehicles & Parts median (#209 of 1330)
No single metric tells the full story. See the SHSE:603006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Lianming Machinery Co Ltd is a manufacturer of automotive components. The company's products includes car body parts, such as stamping and welding assembly products for automotive OEMs.
69GF Score
Get the complete analysis for SHSE:603006
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603006 has been successfully added to your 
