* 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.
Competitive Comparison of Sun King Technology Group's Quick Ratio
For the Electronic Components subindustry, Sun King Technology Group'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.
Sun King Technology Group's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sun King Technology Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sun King Technology Group'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.
Sun King Technology Group'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.
Sun King Technology Group (HKSE:00580) 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.
Sun King Technology Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Sun King Technology Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun King Technology Group Ltd is an investment holding company engaged in the business of manufacturing and trading power electronic components. The products offered by the group are categorized into applied industries, namely, power transmission and distribution, electrified transportation and industrial, and others. Its product categories are Anode Saturable Reactors, ABB's Semiconductors, Power Quality Improved Equipment, Power Electronic Devices, Power Electronic Capacitors, Busbars, Digital IGBT Gate Units, Power Capacitors, Power Grid Status Monitoring, and Others. The group mainly operates in the PRC.
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