ANTA Sports Products has a quick ratio of 1.30. It generally indicates good short-term financial strength.
The historical rank and industry rank for ANTA Sports Products's Quick Ratio or its related term are showing as below:
HKSE:02020'
s Quick Ratio Range Over the Past 10 Years
Min: 1.3 Med: 2.35 Max: 3.51
Current: 1.3
During the past 13 years, ANTA Sports Products's highest Quick Ratio was 3.51. The lowest was 1.30. And the median was 2.35.
HKSE:02020's Quick Ratio is ranked better than 58.66% of 837
companies
in the Travel & Leisure industry
Industry Median: 1.05
vs HKSE:02020: 1.30
ANTA Sports Products Quick Ratio Historical Data
The historical data trend for ANTA Sports Products'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.
Competitive Comparison of ANTA Sports Products's Quick Ratio
For the Leisure subindustry, ANTA Sports Products'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.
ANTA Sports Products's Quick Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, ANTA Sports Products's Quick Ratio distribution charts can be found below:
* The bar in red indicates where ANTA Sports Products's Quick Ratio falls into.
ANTA Sports Products 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.
ANTA Sports Products's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
ANTA Sports Products (HKSE:02020) 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.
ANTA Sports Products Quick Ratio Related Terms
Thank you for viewing the detailed overview of ANTA Sports Products's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Anta Sports is a leading Chinese sportswear company. The company designs, manufactures, and markets sportswear, footwear, and accessories, spanning from value-driven offerings to premium segments. Beyond their core Anta brand, the business operate a multi-brand portfolio including Fila (China), Descente (China), Kolon (China), and holds a major stake in Amer Sports, parent company to globally recognized brands like Salomon, Arc'teryx, and Wilson. This diverse portfolio allows Anta to cater to a broad spectrum of consumers, from professional athletes to athleisure enthusiasts.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02020 has been successfully added to your 