Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Skyfame Realty (Holdings) (HKSE:00059) 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.
Skyfame Realty (Holdings) Quick Ratio Related Terms
Skyfame Realty (Holdings) 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.
Skyfame Realty (Holdings) Quick Ratio Competitor Comparison
For the Real Estate - Development subindustry, Skyfame Realty (Holdings)'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.
Skyfame Realty (Holdings) Quick Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Skyfame Realty (Holdings)'s Quick Ratio distribution charts can be found below:
* The bar in red indicates where Skyfame Realty (Holdings)'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.
Skyfame Realty (Holdings)'s Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Skyfame Realty (Holdings) (HKSE:00059) has a Quick Ratio of 0.19 as of Jun. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Skyfame Realty (Holdings) and its competitors.
Is Skyfame Realty (Holdings)'s Quick Ratio too high?
Skyfame Realty (Holdings)'s current Quick Ratio is 0.19. The Real Estate industry median Quick Ratio is 0.84. Skyfame Realty (Holdings)'s value of 0.19 is 77.4% below this industry median. Overall, Skyfame Realty (Holdings) has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Skyfame Realty (Holdings)'s Quick Ratio compare to competitors?
Skyfame Realty (Holdings)'s Quick Ratio of 0.19 can be compared against companies in the Real Estate industry. The industry median Quick Ratio is 0.84. Skyfame Realty (Holdings)'s value of 0.19 is 77.4% below this benchmark. 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 Real Estate company?
The median Quick Ratio among Real Estate companies is 0.84, based on 1,799 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. Skyfame Realty (Holdings)'s current Quick Ratio of 0.19 is 77.4% below 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 Skyfame Realty (Holdings) and its competitors. For the Real Estate industry, the median Quick Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skyfame Realty (Holdings)'s current Quick Ratio is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skyfame Realty (Holdings) stock overvalued right now?
Skyfame Realty (Holdings) (HKSE:00059) has a current Quick Ratio of 0.19. The current Quick Ratio is 0.19 and 77.4% below the Real Estate industry median of 0.84. Skyfame Realty (Holdings)'s overall GF Score™ is 4/100. 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 Skyfame Realty (Holdings) (HKSE:00059), the current Quick Ratio is 0.19 as of Jun. 2024. 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.
Skyfame Realty (Holdings) Ltd is engaged in providing Real estate services. The group focuses on the development of high-end properties with a wide range of property types, including commercial and residential properties, offices, serviced apartments, and hotels. The company reports in the following segments: property development, property investment, property management, and commercial services. The property development segment generates maximum revenue for the company. All of its revenues come from China.
4GF Score
Get the complete analysis for HKSE:00059
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00059 has been successfully added to your 
