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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Real Luck Group's quick ratio for the quarter that ended in Sep. 2023 was 0.21.
Real Luck Group has a quick ratio of 0.21. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Real Luck Group's Quick Ratio or its related term are showing as below:
LUKEF's Quick Ratio is not ranked *
in the Travel & Leisure industry.
Industry Median: 1.14 * Ranked among companies with meaningful Quick Ratio only.
Real Luck Group (OTCPK:LUKEF) 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.
Real Luck Group Quick Ratio Related Terms
Real Luck Group Quick Ratio Historical Data
* Premium members only.
The historical data trend for Real Luck Group'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.
For the Gambling subindustry, Real Luck 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.
Real Luck Group Quick Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Real Luck Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Real Luck Group's Quick Ratio falls into.
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.
Real Luck Group's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Real Luck Group (LUKEF) has a Quick Ratio of 0.21 as of Sep. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Real Luck Group and its competitors.
Is Real Luck Group's Quick Ratio too high?
Real Luck Group's current Quick Ratio is 0.21. The Travel & Leisure industry median Quick Ratio is 1.14. Real Luck Group's value of 0.21 is 81.6% below this industry median.
How does Real Luck Group's Quick Ratio compare to DKNG and CHDN?
Real Luck Group's Quick Ratio of 0.21 can be compared against companies in the Travel & Leisure industry. The industry median Quick Ratio is 1.14. Real Luck Group's value of 0.21 is 81.6% below this benchmark. 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 1.14, based on 856 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. Real Luck Group's current Quick Ratio of 0.21 is 81.6% below 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 Real Luck Group and its competitors. For the Travel & Leisure industry, the median Quick Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Real Luck Group's current Quick Ratio is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Luck Group stock overvalued right now?
Real Luck Group (LUKEF) has a current Quick Ratio of 0.21. The current Quick Ratio is 0.21 and 81.6% below the Travel & Leisure industry median of 1.14. 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 Real Luck Group (LUKEF), the current Quick Ratio is 0.21 as of Sep. 2023. 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.
Real Luck Group Ltd is a betting company that offers legal, real-money betting, live streams, and statistics on all esports and sports on desktop and mobile devices. The company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, the company offers an extensive range of betting options for esports tournaments and an in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the company to deliver deep esports betting coverage.
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