GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Aonong Biological Technology Group Incorp Ltd (SHSE:603363) » Definitions » Current Ratio

Fujian Aonong Biological Technology Grouporp (SHSE:603363) Current Ratio : 0.19 (As of Sep. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Fujian Aonong Biological Technology Grouporp 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. Fujian Aonong Biological Technology Grouporp's current ratio for the quarter that ended in Sep. 2024 was 0.19.

Fujian Aonong Biological Technology Grouporp has a current ratio of 0.19. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Fujian Aonong Biological Technology Grouporp has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Fujian Aonong Biological Technology Grouporp's Current Ratio or its related term are showing as below:

SHSE:603363' s Current Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.55   Max: 0.98
Current: 0.19

During the past 11 years, Fujian Aonong Biological Technology Grouporp's highest Current Ratio was 0.98. The lowest was 0.19. And the median was 0.55.

SHSE:603363's Current Ratio is ranked worse than
97.51% of 1924 companies
in the Consumer Packaged Goods industry
Industry Median: 1.69 vs SHSE:603363: 0.19

Fujian Aonong Biological Technology Grouporp Current Ratio Historical Data

The historical data trend for Fujian Aonong Biological Technology Grouporp'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.

Fujian Aonong Biological Technology Grouporp Current Ratio Chart

Fujian Aonong Biological Technology Grouporp 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 0.45 0.55 0.42 0.44 0.25

Fujian Aonong Biological Technology Grouporp 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 0.36 0.25 0.21 0.20 0.19

Competitive Comparison of Fujian Aonong Biological Technology Grouporp's Current Ratio

For the Farm Products subindustry, Fujian Aonong Biological Technology Grouporp'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.


Fujian Aonong Biological Technology Grouporp's Current Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fujian Aonong Biological Technology Grouporp's Current Ratio distribution charts can be found below:

* The bar in red indicates where Fujian Aonong Biological Technology Grouporp's Current Ratio falls into.



Fujian Aonong Biological Technology Grouporp 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.

Fujian Aonong Biological Technology Grouporp'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 )
=2789.121/11359.386
=0.25

Fujian Aonong Biological Technology Grouporp'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 )
=2288.034/12197.504
=0.19

* 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.


Fujian Aonong Biological Technology Grouporp  (SHSE:603363) 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.


Fujian Aonong Biological Technology Grouporp Current Ratio Related Terms

Thank you for viewing the detailed overview of Fujian Aonong Biological Technology Grouporp's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Fujian Aonong Biological Technology Grouporp Business Description

Traded in Other Exchanges
N/A
Address
Guanyinshan Operation Center, 12th Floor, Building 10, Siming District, Fujian Province, Xiamen, CHN, 361008
Fujian Aonong Biological Technology Group Incorp Ltd is an agricultural and animal husbandry enterprise in China. The principal business activities of the company include feed-oriented service, animal protection, pig raising, and raw material trade. In addition, the company's insurance business mainly relies on the feed marketing system throughout the country to provide downstream farmers with relevant products for disease prevention and control.
Executives
Wu You Lin Directors, senior managers
Huang Hua Dong Director
Wen Qing Qi Supervisors
Huang Zu Yao Director
Lai Jun senior management
Ye Jun Biao Director
Yang Jing Quan senior management
Ding Neng Shui Director
Luo Zuo Ming senior management
Hong Yuan Xiang senior management
Guo Si Hu senior management
Wu Jun Director
Huang Ze Sen senior management
Hou Hao Feng senior management
Li Hai Feng senior management

Fujian Aonong Biological Technology Grouporp Headlines

No Headlines