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China e-Wallet Payment Group (HKSE:00802) 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.
China e-Wallet Payment Group Quick Ratio Related Terms
China e-Wallet Payment Group 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.
HKSE:00802 vs CRM, INTU, NOW: Quick Ratio Comparison
For the Software - Application subindustry, China e-Wallet Payment 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.
China e-Wallet Payment Group Quick Ratio vs Software Industry
For the Software industry and Technology sector, China e-Wallet Payment Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China e-Wallet Payment Group's Quick Ratio falls into.
China e-Wallet Payment Group 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.
* 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.
China e-Wallet Payment Group (HKSE:00802) has a Quick Ratio of 1.82 as of Jun. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on China e-Wallet Payment Group and its competitors. This is 85% below median its historical median of 12.36. Over the past decade, China e-Wallet Payment Group's Quick Ratio has ranged from 1.82 to 35.29.
Is China e-Wallet Payment Group's Quick Ratio too high?
China e-Wallet Payment Group's current Quick Ratio of 1.82 is 85% below median its 10-year median of 12.36. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 35.29. The Software industry median Quick Ratio is 1.66. China e-Wallet Payment Group's value of 1.82 is 9.6% above this industry median.
How does China e-Wallet Payment Group's Quick Ratio compare to CRM and INTU?
China e-Wallet Payment Group's Quick Ratio of 1.82 can be compared against companies in the Software industry. The industry median Quick Ratio is 1.66. China e-Wallet Payment Group's value of 1.82 is 9.6% above this benchmark. Historically, China e-Wallet Payment Group's own Quick Ratio has ranged from 1.82 to 35.29 over the past decade. While the company's 10-year median is 12.36 vs. the industry median of 1.66, China e-Wallet Payment Group 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 Software company?
The median Quick Ratio among Software companies is 1.66, based on 2,874 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. China e-Wallet Payment Group's current Quick Ratio of 1.82 is 9.6% 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 China e-Wallet Payment Group and its competitors. For the Software industry, the median Quick Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China e-Wallet Payment Group's current Quick Ratio is 1.82, which is 85% below median its own 10-year median of 12.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China e-Wallet Payment Group stock overvalued right now?
China e-Wallet Payment Group (HKSE:00802) has a current Quick Ratio of 1.82. The stock's GF Value™ is HK$0.11, compared to a current price of HK$0.15 — trading 40% above its estimated fair value. The current Quick Ratio is 1.82, which is 85% below median its 10-year median of 12.36 and 9.6% above the Software industry median of 1.66. 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 China e-Wallet Payment Group (HKSE:00802), the current Quick Ratio is 1.82 as of Jun. 2025. 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.
China e-Wallet Payment Group Ltd is principally engaged in the provision of internet and mobile applications, developing interactive virtual reality technologies, and designing and distributing of computer-related, mobile-related and beauty-related electronic products and accessories, and provision of project based system solution services. Geographically it operates in Hong Kong and the PRC. The company derives a majority of its revenue from Hong Kong.
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