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Shanghai New Vision Microelectronics Co has a current ratio of 6.24. 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.
SHSE:688593's Current Ratio is ranked better than 90.27% of 2498
companies
in the Hardware industry
Industry Median: 1.96
vs SHSE:688593: 6.24
Shanghai New Vision Microelectronics Co (SHSE:688593) 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 New Vision Microelectronics Co Current Ratio Related Terms
Shanghai New Vision Microelectronics 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 New Vision Microelectronics Co Current Ratio Chart
Shanghai New Vision Microelectronics Co Annual Data
For the Electronic Components subindustry, Shanghai New Vision Microelectronics 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 New Vision Microelectronics Co Current Ratio vs Hardware 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.
Shanghai New Vision Microelectronics Co (SHSE:688593) has a Current Ratio of 6.24 as of Mar. 2026. This is near median its historical median of 6.17. Over the past decade, Shanghai New Vision Microelectronics Co's Current Ratio has ranged from 1.14 to 10.48. According to the industry distribution chart, Shanghai New Vision Microelectronics Co ranks #243 out of 2498 companies in the Hardware industry, placing it in the top 9.7%.
Is Shanghai New Vision Microelectronics Co's Current Ratio too high?
Shanghai New Vision Microelectronics Co's current Current Ratio of 6.24 is near median its 10-year median of 6.17. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 10.48. The Hardware industry median Current Ratio is 1.96. Shanghai New Vision Microelectronics Co's value of 6.24 is 218.4% above this industry median. Based on the distribution chart, Shanghai New Vision Microelectronics Co ranks #243 out of 2498 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai New Vision Microelectronics Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai New Vision Microelectronics Co's Current Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Shanghai New Vision Microelectronics Co ranks #243 out of 2498 companies for Current Ratio. This places Shanghai New Vision Microelectronics Co in the top 10% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.96. Shanghai New Vision Microelectronics Co's value of 6.24 is 218.4% above this benchmark. Historically, Shanghai New Vision Microelectronics Co's own Current Ratio has ranged from 1.14 to 10.48 over the past decade. While the company's 10-year median is 6.17 vs. the industry median of 1.96, Shanghai New Vision Microelectronics 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 Hardware company?
The median Current Ratio among Hardware companies is 1.96, based on 2,498 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 New Vision Microelectronics Co's current Current Ratio of 6.24 is 218.4% 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 Hardware industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai New Vision Microelectronics Co's current Current Ratio is 6.24, which is near median its own 10-year median of 6.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai New Vision Microelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai New Vision Microelectronics Co (SHSE:688593) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥22.18, compared to a current price of ¥30.89 — trading 39.3% above its estimated fair value. The current Current Ratio is 6.24, which is near median its 10-year median of 6.17 and 218.4% above the Hardware industry median of 1.96. Shanghai New Vision Microelectronics Co's overall GF Score™ is 53/100 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 New Vision Microelectronics Co (SHSE:688593), the current Current Ratio is 6.24 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 Shanghai New Vision Microelectronics Co (SHSE:688593) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai New Vision Microelectronics Co stock appears to be overvalued.
The current stock price of ¥30.89 is trading 39.3% above its estimated GF Value™ of ¥22.18.
GuruFocus considers Shanghai New Vision Microelectronics Co to be Significantly Overvalued.
Key valuation signals for SHSE:688593:
Current Ratio: 6.24 (near median its 10-year median of 6.17)
GF Value™: ¥22.18 vs. price of ¥30.89 (39.3% above fair value)
Industry Position: 218.4% above the Hardware median (#243 of 2498)
No single metric tells the full story. See the SHSE:688593 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai New Vision Microelectronics Co Business Description
Shanghai New Vision Microelectronics Co Ltd is engaged in research & Development, design, and sales of display chips. The company is committed to providing new display IC products and system solutions. It has formed nearly a hundred new display IC and power supply IC products covering smart wearables, mobile phones, tablets, monitors, notebooks, TVs, etc, and has long committed to TFT-LCD, AMOLED display driver chips, and power management chips.
53GF Score
Get the complete analysis for SHSE:688593
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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