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Beijing Yuanliu Hongyuan Electronic Technology Co (SHSE:603267) Current Ratio : 5.78 (As of Sep. 2024)


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What is Beijing Yuanliu Hongyuan Electronic 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. Beijing Yuanliu Hongyuan Electronic Technology Co's current ratio for the quarter that ended in Sep. 2024 was 5.78.

Beijing Yuanliu Hongyuan Electronic Technology Co has a current ratio of 5.78. 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 Beijing Yuanliu Hongyuan Electronic Technology Co's Current Ratio or its related term are showing as below:

SHSE:603267' s Current Ratio Range Over the Past 10 Years
Min: 2.06   Med: 4.04   Max: 10.86
Current: 5.78

During the past 10 years, Beijing Yuanliu Hongyuan Electronic Technology Co's highest Current Ratio was 10.86. The lowest was 2.06. And the median was 4.04.

SHSE:603267's Current Ratio is ranked better than
89.65% of 2455 companies
in the Hardware industry
Industry Median: 2.04 vs SHSE:603267: 5.78

Beijing Yuanliu Hongyuan Electronic Technology Co Current Ratio Historical Data

The historical data trend for Beijing Yuanliu Hongyuan Electronic 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.

Beijing Yuanliu Hongyuan Electronic Technology Co Current Ratio Chart

Beijing Yuanliu Hongyuan Electronic 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 8.98 4.93 3.68 3.45 4.04

Beijing Yuanliu Hongyuan Electronic Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.15 4.04 4.83 5.46 5.78

Competitive Comparison of Beijing Yuanliu Hongyuan Electronic Technology Co's Current Ratio

For the Electronic Components subindustry, Beijing Yuanliu Hongyuan Electronic 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.


Beijing Yuanliu Hongyuan Electronic Technology Co's Current Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Beijing Yuanliu Hongyuan Electronic Technology Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Yuanliu Hongyuan Electronic Technology Co's Current Ratio falls into.



Beijing Yuanliu Hongyuan Electronic 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.

Beijing Yuanliu Hongyuan Electronic 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 )
=4374.973/1082.728
=4.04

Beijing Yuanliu Hongyuan Electronic Technology Co's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=4035.103/698.7
=5.78

* 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 Yuanliu Hongyuan Electronic Technology Co  (SHSE:603267) 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.


Beijing Yuanliu Hongyuan Electronic Technology Co Current Ratio Related Terms

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Beijing Yuanliu Hongyuan Electronic Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Tiangui Street, Daxing Biomedical Industrial Base, Beijing, CHN, 102600
Beijing Yuanliu Hongyuan Electronic Technology Co Ltd is engaged in research and development, production, and sales of electronic components, like multi-layer ceramic capacitors. The company produces and sells its own electronic components, and it also sells electronic components as agents of other manufacturers.
Executives
Li Yong Qiang Directors, senior managers
Wang Xin Directors, senior managers
Lv Peng senior management
Xing Jie Directors, senior managers
Zheng Xiao Dan Director
Yang Li Hong senior management
Chen Tian Wei Supervisors
Liu Li Rong Directors, senior managers
Liu Chen Directors, senior managers
Sun Shu Ying senior management
Chu Bin Chi Supervisors
Zheng Hong Director

Beijing Yuanliu Hongyuan Electronic Technology Co Headlines

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