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Shangshan Gold International Holdings (HKSE:01939) 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.
Shangshan Gold International Holdings Quick Ratio Related Terms
Shangshan Gold International 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.
Shangshan Gold International Holdings Quick Ratio Chart
HKSE:01939 vs CASY, WSM, ULTA: Quick Ratio Comparison
For the Specialty Retail subindustry, Shangshan Gold International 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.
Shangshan Gold International Holdings Quick Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shangshan Gold International Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Shangshan Gold International Holdings's Quick Ratio falls into.
Shangshan Gold International 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.
Shangshan Gold International Holdings (HKSE:01939) has a Quick Ratio of 1.52 as of Sep. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Shangshan Gold International Holdings and its competitors. This is 14% below median its historical median of 1.76. Over the past decade, Shangshan Gold International Holdings' Quick Ratio has ranged from 1.16 to 2.25. According to the industry distribution chart, Shangshan Gold International Holdings ranks #185 out of 1136 companies in the Retail - Cyclical industry, placing it in the top 16.3%.
Is Shangshan Gold International Holdings' Quick Ratio too high?
Shangshan Gold International Holdings' current Quick Ratio of 1.52 is 14% below median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 2.25. The Retail - Cyclical industry median Quick Ratio is 0.87. Shangshan Gold International Holdings' value of 1.52 is 74.7% above this industry median. Based on the distribution chart, Shangshan Gold International Holdings ranks #185 out of 1136 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Shangshan Gold International Holdings has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shangshan Gold International Holdings' Quick Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Shangshan Gold International Holdings ranks #185 out of 1136 companies for Quick Ratio. This places Shangshan Gold International Holdings in the top 16% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 0.87. Shangshan Gold International Holdings' value of 1.52 is 74.7% above this benchmark. Historically, Shangshan Gold International Holdings' own Quick Ratio has ranged from 1.16 to 2.25 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 0.87, Shangshan Gold International 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 Retail - Cyclical company?
The median Quick Ratio among Retail - Cyclical companies is 0.87, based on 1,136 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. Shangshan Gold International Holdings's current Quick Ratio of 1.52 is 74.7% 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 Shangshan Gold International Holdings and its competitors. For the Retail - Cyclical industry, the median Quick Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shangshan Gold International Holdings's current Quick Ratio is 1.52, which is 14% below median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shangshan Gold International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shangshan Gold International Holdings (HKSE:01939) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.15, compared to a current price of HK$0.40 — trading 65.7% below its estimated fair value. The current Quick Ratio is 1.52, which is 14% below median its 10-year median of 1.76 and 74.7% above the Retail - Cyclical industry median of 0.87. Shangshan Gold International Holdings' overall GF Score™ is 54/100 with 2 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 Shangshan Gold International Holdings (HKSE:01939), the current Quick Ratio is 1.52 as of Sep. 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 Shangshan Gold International Holdings (HKSE:01939) Overvalued in 2026?
Based on GuruFocus' analysis, Shangshan Gold International Holdings stock appears to be undervalued.
The current stock price of HK$0.40 is trading 65.7% below its estimated GF Value™ of HK$1.15.
GuruFocus considers Shangshan Gold International Holdings to be Possible Value Trap.
Key valuation signals for HKSE:01939:
Quick Ratio: 1.52 (14% below median its 10-year median of 1.76)
GF Value™: HK$1.15 vs. price of HK$0.40 (65.7% below fair value)
Industry Position: 74.7% above the Retail - Cyclical median (#185 of 1136)
No single metric tells the full story. See the HKSE:01939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shangshan Gold International Holdings Ltd Formerly Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.
54GF Score
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