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China-Hongkong Photo Products Holdings (HKSE:01123) 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-Hongkong Photo Products Holdings Quick Ratio Related Terms
China-Hongkong Photo Products 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.
China-Hongkong Photo Products Holdings Quick Ratio Chart
China-Hongkong Photo Products Holdings Annual Data
HKSE:01123 vs AS, HAS, LTH: Quick Ratio Comparison
For the Leisure subindustry, China-Hongkong Photo Products 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.
China-Hongkong Photo Products Holdings Quick Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, China-Hongkong Photo Products Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China-Hongkong Photo Products Holdings's Quick Ratio falls into.
China-Hongkong Photo Products 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.
* 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-Hongkong Photo Products Holdings (HKSE:01123) has a Quick Ratio of 2.18 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on China-Hongkong Photo Products Holdings and its competitors. This is near median its historical median of 2.11. Over the past decade, China-Hongkong Photo Products Holdings' Quick Ratio has ranged from 1.87 to 3.45. According to the industry distribution chart, China-Hongkong Photo Products Holdings ranks #207 out of 855 companies in the Travel & Leisure industry, placing it in the top 24.2%.
Is China-Hongkong Photo Products Holdings' Quick Ratio too high?
China-Hongkong Photo Products Holdings' current Quick Ratio of 2.18 is near median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 3.45. The Travel & Leisure industry median Quick Ratio is 1.15. China-Hongkong Photo Products Holdings' value of 2.18 is 89.6% above this industry median. Based on the distribution chart, China-Hongkong Photo Products Holdings ranks #207 out of 855 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, China-Hongkong Photo Products Holdings has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China-Hongkong Photo Products Holdings' Quick Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, China-Hongkong Photo Products Holdings ranks #207 out of 855 companies for Quick Ratio. This places China-Hongkong Photo Products Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.15. China-Hongkong Photo Products Holdings' value of 2.18 is 89.6% above this benchmark. Historically, China-Hongkong Photo Products Holdings' own Quick Ratio has ranged from 1.87 to 3.45 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 1.15, China-Hongkong Photo Products Holdings 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 Travel & Leisure company?
The median Quick Ratio among Travel & Leisure companies is 1.15, based on 855 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-Hongkong Photo Products Holdings's current Quick Ratio of 2.18 is 89.6% 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-Hongkong Photo Products Holdings and its competitors. For the Travel & Leisure industry, the median Quick Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China-Hongkong Photo Products Holdings's current Quick Ratio is 2.18, which is near median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China-Hongkong Photo Products Holdings stock overvalued right now?
Based on GuruFocus' analysis, China-Hongkong Photo Products Holdings (HKSE:01123) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.14 — trading 15.8% above its estimated fair value. The current Quick Ratio is 2.18, which is near median its 10-year median of 2.11 and 89.6% above the Travel & Leisure industry median of 1.15. China-Hongkong Photo Products Holdings' overall GF Score™ is 47/100 with 8 warning signs to review. 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-Hongkong Photo Products Holdings (HKSE:01123), the current Quick Ratio is 2.18 as of Mar. 2026. 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.
Is China-Hongkong Photo Products Holdings (HKSE:01123) Overvalued in 2026?
Based on GuruFocus' analysis, China-Hongkong Photo Products Holdings stock appears to be overvalued.
The current stock price of HK$0.14 is trading 15.8% above its estimated GF Value™ of HK$0.12.
GuruFocus considers China-Hongkong Photo Products Holdings to be Modestly Overvalued.
Key valuation signals for HKSE:01123:
Quick Ratio: 2.18 (near median its 10-year median of 2.11)
GF Value™: HK$0.12 vs. price of HK$0.14 (15.8% above fair value)
Industry Position: 89.6% above the Travel & Leisure median (#207 of 855)
No single metric tells the full story. See the HKSE:01123 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and others. The Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong.
47GF Score
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