Goldfine Manufacturers has a quick ratio of 11.06. It generally indicates good short-term financial strength.
The historical rank and industry rank for Goldfine Manufacturers's Quick Ratio or its related term are showing as below:
BKK:GFM-R'
s Quick Ratio Range Over the Past 10 Years
Min: 4.7 Med: 8.42 Max: 13.46
Current: 11.06
During the past 9 years, Goldfine Manufacturers's highest Quick Ratio was 13.46. The lowest was 4.70. And the median was 8.42.
BKK:GFM-R's Quick Ratio is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.87
vs BKK:GFM-R: 11.06
Goldfine Manufacturers (BKK:GFM-R) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Goldfine Manufacturers Quick Ratio Related Terms
Goldfine Manufacturers Quick 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.
Goldfine Manufacturers Quick Ratio Competitor Comparison
For the Luxury Goods subindustry, Goldfine Manufacturers's Quick Ratio, along with its competitors' market caps and Quick 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.
Goldfine Manufacturers Quick Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Goldfine Manufacturers's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Goldfine Manufacturers's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Goldfine Manufacturers's Quick Ratio for the fiscal year that ended in Dec. 2013 is calculated as
* 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.
Goldfine Manufacturers (BKK:GFM-R) has a Quick Ratio of 11.06 as of Sep. 2014. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Goldfine Manufacturers and its competitors. This is 31% above median its historical median of 8.42. Over the past decade, Goldfine Manufacturers' Quick Ratio has ranged from 4.70 to 13.46.
Is Goldfine Manufacturers' Quick Ratio too high?
Goldfine Manufacturers' current Quick Ratio of 11.06 is 31% above median its 10-year median of 8.42. Over the past 10 years, this metric has ranged from a low of 4.70 to a high of 13.46. The Retail - Cyclical industry median Quick Ratio is 0.87. Goldfine Manufacturers' value of 11.06 is 1171.3% above this industry median.
How does Goldfine Manufacturers' Quick Ratio compare to competitors?
Goldfine Manufacturers' Quick Ratio of 11.06 can be compared against companies in the Retail - Cyclical industry. The industry median Quick Ratio is 0.87. Goldfine Manufacturers' value of 11.06 is 1171.3% above this benchmark. Historically, Goldfine Manufacturers' own Quick Ratio has ranged from 4.70 to 13.46 over the past decade. While the company's 10-year median is 8.42 vs. the industry median of 0.87, Goldfine Manufacturers 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 Quick Ratio for a Retail - Cyclical company?
The median Quick Ratio among Retail - Cyclical companies is 0.87, based on 1,132 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goldfine Manufacturers's current Quick Ratio of 11.06 is 1171.3% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Goldfine Manufacturers and its competitors. For the Retail - Cyclical industry, the median Quick Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldfine Manufacturers's current Quick Ratio is 11.06, which is 31% above median its own 10-year median of 8.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldfine Manufacturers stock overvalued right now?
Goldfine Manufacturers (BKK:GFM-R) has a current Quick Ratio of 11.06. The current Quick Ratio is 11.06, which is 31% above median its 10-year median of 8.42 and 1171.3% above the Retail - Cyclical industry median of 0.87. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Goldfine Manufacturers (BKK:GFM-R), the current Quick Ratio is 11.06 as of Sep. 2014. 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.
Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.
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