Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Putian Communication Group (HKSE:01720) 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.
Putian Communication Group Quick Ratio Related Terms
Putian Communication 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:01720 vs CSCO, MSI, HPE: Quick Ratio Comparison
For the Communication Equipment subindustry, Putian Communication 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.
Putian Communication Group Quick Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Putian Communication Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Putian Communication Group's Quick Ratio falls into.
Putian Communication 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.
Putian Communication Group (HKSE:01720) has a Quick Ratio of 1.44 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Putian Communication Group and its competitors. This is near median its historical median of 1.56. Over the past decade, Putian Communication Group's Quick Ratio has ranged from 1.23 to 2.85. According to the industry distribution chart, Putian Communication Group ranks #1233 out of 2497 companies in the Hardware industry, placing it in the top 49.4%.
Is Putian Communication Group's Quick Ratio too high?
Putian Communication Group's current Quick Ratio of 1.44 is near median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 2.85. The Hardware industry median Quick Ratio is 1.42. Putian Communication Group's value of 1.44 is 1.4% above this industry median. Based on the distribution chart, Putian Communication Group ranks #1233 out of 2497 companies in the Hardware industry, which is above the industry midpoint. Overall, Putian Communication Group has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Putian Communication Group's Quick Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Putian Communication Group ranks #1233 out of 2497 companies for Quick Ratio. This puts Putian Communication Group in the upper half of its industry. The industry median Quick Ratio is 1.42. Putian Communication Group's value of 1.44 is 1.4% above this benchmark. Historically, Putian Communication Group's own Quick Ratio has ranged from 1.23 to 2.85 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 1.42, Putian Communication 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 Hardware company?
The median Quick Ratio among Hardware companies is 1.42, based on 2,497 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. Putian Communication Group's current Quick Ratio of 1.44 is 1.4% 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 Putian Communication Group and its competitors. For the Hardware industry, the median Quick Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putian Communication Group's current Quick Ratio is 1.44, which is near median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Putian Communication Group stock overvalued right now?
Based on GuruFocus' analysis, Putian Communication Group (HKSE:01720) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.39 — trading 387.5% above its estimated fair value. The current Quick Ratio is 1.44, which is near median its 10-year median of 1.56 and 1.4% above the Hardware industry median of 1.42. Putian Communication Group's overall GF Score™ is 50/100 with 4 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 Putian Communication Group (HKSE:01720), the current Quick Ratio is 1.44 as of Dec. 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.
Is Putian Communication Group (HKSE:01720) Overvalued in 2026?
Based on GuruFocus' analysis, Putian Communication Group stock appears to be overvalued.
The current stock price of HK$0.39 is trading 387.5% above its estimated GF Value™ of HK$0.08.
GuruFocus considers Putian Communication Group to be Significantly Overvalued.
Key valuation signals for HKSE:01720:
Quick Ratio: 1.44 (near median its 10-year median of 1.56)
GF Value™: HK$0.08 vs. price of HK$0.39 (387.5% above fair value)
Industry Position: 1.4% above the Hardware median (#1233 of 2497)
No single metric tells the full story. See the HKSE:01720 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Putian Communication Group Ltd is engaged in the production and sale of cable and communication products in the PRC. The group has three operating segments. The data and communications cables segment produces copper-based electric cables used in power transmission and network cabling, while the optical fibers and optical fiber cables segment manufactures fiber optic products used in telecommunications and network systems. The structured cabling system products segment provides optical and copper jumper wires, distribution components, and related intelligent building cabling products. It derives the majority of its revenue from the data and communications cables segment. The majority of the group's revenue is generated from customers located in the PRC.
50GF Score
Get the complete analysis for HKSE:01720
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01720 has been successfully added to your 
