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Asia Commercial Holdings (HKSE:00104) Quick Ratio : 0.88 (As of Mar. 2024)


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What is Asia Commercial Holdings Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Asia Commercial Holdings's quick ratio for the quarter that ended in Mar. 2024 was 0.88.

Asia Commercial Holdings has a quick ratio of 0.88. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Asia Commercial Holdings's Quick Ratio or its related term are showing as below:

HKSE:00104' s Quick Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.68   Max: 1.07
Current: 0.79

During the past 13 years, Asia Commercial Holdings's highest Quick Ratio was 1.07. The lowest was 0.23. And the median was 0.68.

HKSE:00104's Quick Ratio is ranked worse than
51.74% of 1121 companies
in the Retail - Cyclical industry
Industry Median: 0.85 vs HKSE:00104: 0.79

Asia Commercial Holdings Quick Ratio Historical Data

The historical data trend for Asia Commercial Holdings's Quick 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.

Asia Commercial Holdings Quick Ratio Chart

Asia Commercial Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.74 0.90 0.88 0.88

Asia Commercial Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Quick 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 0.61 0.88 0.76 0.88 0.79

Competitive Comparison of Asia Commercial Holdings's Quick Ratio

For the Specialty Retail subindustry, Asia Commercial 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.


Asia Commercial Holdings's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Asia Commercial Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Asia Commercial Holdings's Quick Ratio falls into.



Asia Commercial Holdings Quick Ratio Calculation

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.

Asia Commercial Holdings's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(348.99-105.643)/276.443
=0.88

Asia Commercial Holdings's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(348.99-105.643)/276.443
=0.88

* 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.


Asia Commercial Holdings  (HKSE:00104) 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.


Asia Commercial Holdings Quick Ratio Related Terms

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Asia Commercial Holdings Business Description

Traded in Other Exchanges
N/A
Address
183 Queen’s Road East, 3901, 39th Floor, The Hopewell Centre, Wanchai, Hong Kong, HKG
Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. The company currently operates in The People's Republic of China, United Kingdom, Hong Kong, and Switzerland out of which PRC generates the maximum revenue for the company.
Executives
Lam Kim Phung 2101 Beneficial owner
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Eav Yin 2101 Beneficial owner
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