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Shenzhen Fortune Trend Technology Co has a current ratio of 15.24. 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.
Shenzhen Fortune Trend Technology Co (SHSE:688318) 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.
Shenzhen Fortune Trend Technology Co Current Ratio Related Terms
Shenzhen Fortune Trend 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.
Shenzhen Fortune Trend Technology Co Current Ratio Chart
SHSE:688318 vs QH, SHOP, UBER: Current Ratio Comparison
For the Software - Application subindustry, Shenzhen Fortune Trend 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.
Shenzhen Fortune Trend Technology Co Current Ratio vs Software 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.
Shenzhen Fortune Trend Technology Co (SHSE:688318) has a Current Ratio of 15.24 as of Mar. 2026. This is near median its historical median of 15.24. Over the past decade, Shenzhen Fortune Trend Technology Co's Current Ratio has ranged from 7.07 to 32.81. According to the industry distribution chart, Shenzhen Fortune Trend Technology Co ranks #68 out of 2880 companies in the Software industry, placing it in the top 2.4%.
Is Shenzhen Fortune Trend Technology Co's Current Ratio too high?
Shenzhen Fortune Trend Technology Co's current Current Ratio of 15.24 is near median its 10-year median of 15.24. Over the past 10 years, this metric has ranged from a low of 7.07 to a high of 32.81. The Software industry median Current Ratio is 1.80. Shenzhen Fortune Trend Technology Co's value of 15.24 is 746.7% above this industry median. Based on the distribution chart, Shenzhen Fortune Trend Technology Co ranks #68 out of 2880 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Shenzhen Fortune Trend Technology Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Fortune Trend Technology Co's Current Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Shenzhen Fortune Trend Technology Co ranks #68 out of 2880 companies for Current Ratio. This places Shenzhen Fortune Trend Technology Co in the top 2% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.80. Shenzhen Fortune Trend Technology Co's value of 15.24 is 746.7% above this benchmark. Historically, Shenzhen Fortune Trend Technology Co's own Current Ratio has ranged from 7.07 to 32.81 over the past decade. While the company's 10-year median is 15.24 vs. the industry median of 1.80, Shenzhen Fortune Trend Technology 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 Software company?
The median Current Ratio among Software companies is 1.80, based on 2,880 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. Shenzhen Fortune Trend Technology Co's current Current Ratio of 15.24 is 746.7% 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 Software industry, the median Current Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Fortune Trend Technology Co's current Current Ratio is 15.24, which is near median its own 10-year median of 15.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Fortune Trend Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Fortune Trend Technology Co (SHSE:688318) is currently considered Fairly Valued. The stock's GF Value™ is ¥74.40, compared to a current price of ¥81.46 — trading 9.5% above its estimated fair value. The current Current Ratio is 15.24, which is near median its 10-year median of 15.24 and 746.7% above the Software industry median of 1.80. Shenzhen Fortune Trend Technology Co's overall GF Score™ is 94/100 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 Shenzhen Fortune Trend Technology Co (SHSE:688318), the current Current Ratio is 15.24 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 Shenzhen Fortune Trend Technology Co (SHSE:688318) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Fortune Trend Technology Co stock appears to be overvalued.
The current stock price of ¥81.46 is trading 9.5% above its estimated GF Value™ of ¥74.40.
GuruFocus considers Shenzhen Fortune Trend Technology Co to be Fairly Valued.
Key valuation signals for SHSE:688318:
Current Ratio: 15.24 (near median its 10-year median of 15.24)
GF Value™: ¥74.40 vs. price of ¥81.46 (9.5% above fair value)
Industry Position: 746.7% above the Software median (#68 of 2880)
No single metric tells the full story. See the SHSE:688318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others.
94GF Score
Get the complete analysis for SHSE:688318
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