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SCE Intelligent Commercial Management Holdings (HKSE:00606) Quick Ratio : 3.09 (As of Jun. 2024)


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What is SCE Intelligent Commercial Management 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. SCE Intelligent Commercial Management Holdings's quick ratio for the quarter that ended in Jun. 2024 was 3.09.

SCE Intelligent Commercial Management Holdings has a quick ratio of 3.09. It generally indicates good short-term financial strength.

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

HKSE:00606' s Quick Ratio Range Over the Past 10 Years
Min: 1.25   Med: 3.12   Max: 4.93
Current: 3.09

During the past 6 years, SCE Intelligent Commercial Management Holdings's highest Quick Ratio was 4.93. The lowest was 1.25. And the median was 3.12.

HKSE:00606's Quick Ratio is ranked better than
85.13% of 1809 companies
in the Real Estate industry
Industry Median: 0.82 vs HKSE:00606: 3.09

SCE Intelligent Commercial Management Holdings Quick Ratio Historical Data

The historical data trend for SCE Intelligent Commercial Management 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.

SCE Intelligent Commercial Management Holdings Quick Ratio Chart

SCE Intelligent Commercial Management Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 1.44 1.88 4.93 4.14 3.15

SCE Intelligent Commercial Management Holdings Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 4.92 4.14 3.81 3.15 3.09

Competitive Comparison of SCE Intelligent Commercial Management Holdings's Quick Ratio

For the Real Estate Services subindustry, SCE Intelligent Commercial Management 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.


SCE Intelligent Commercial Management Holdings's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SCE Intelligent Commercial Management Holdings's Quick Ratio distribution charts can be found below:

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



SCE Intelligent Commercial Management 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.

SCE Intelligent Commercial Management Holdings's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2483.296-0)/787.287
=3.15

SCE Intelligent Commercial Management Holdings's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2628.665-0)/852.023
=3.09

* 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.


SCE Intelligent Commercial Management Holdings  (HKSE:00606) 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.


SCE Intelligent Commercial Management Holdings Quick Ratio Related Terms

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SCE Intelligent Commercial Management Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Lane 1688, Shenchang Road, 5th Floor, SCE Tower, Hongqiao Business District, Shanghai, CHN
SCE Intelligent Commercial Management Holdings Ltd is a comprehensive property management service provider managing both commercial and residential properties in China. The company's property management portfolio includes approximately sixty cities across nineteen provinces, municipalities, and autonomous regions in China. The company has organized its business activities in the following major business segments namely Commercial Property Management and Operational Services and Residential Property Management Services.
Executives
Boc Hong Kong (holdings) Limited 2201 Interest of corporation controlled by you
Luso International Banking Limited 2401 A concert party to an agreement to buy shares
Nan Yang Shang Ye Yin Hang Zhong Guo You Xian Gong Si Shen Zhen Fen Hang 2401 A concert party to an agreement to buy shares
Guang Zhou Yue Xiu Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Chow Wai Shing Daniel (in The Capacity As The Receiver) 2501 Other
Wong Chiu Yeung 2201 Interest of corporation controlled by you
Cmb Wing Lung Bank Limited 2401 A concert party to an agreement to buy shares
The Bank Of East Asia, Limited 2401 A concert party to an agreement to buy shares
Hsbc Holdings Plc 2201 Interest of corporation controlled by you
Gardner Aaron Luke (in The Capacity As The Receiver) 2501 Other
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Affluent Way International Limited 2201 Interest of corporation controlled by you
Boc Hong Kong (group) Limited 2201 Interest of corporation controlled by you
Boc Hong Kong (bvi) Limited 2201 Interest of corporation controlled by you
Bank Of China Limited 2201 Interest of corporation controlled by you

SCE Intelligent Commercial Management Holdings Headlines

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