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JG Environmental Technology Co (ROCO:6723) 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.
JG Environmental Technology Co Quick Ratio Related Terms
JG Environmental Technology Co 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.
ROCO:6723 vs VLTO, ZWS, CECO: Quick Ratio Comparison
For the Pollution & Treatment Controls subindustry, JG Environmental Technology Co'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.
JG Environmental Technology Co Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, JG Environmental Technology Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where JG Environmental Technology Co's Quick Ratio falls into.
JG Environmental Technology Co 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.
JG Environmental Technology Co (ROCO:6723) has a Quick Ratio of 1.89 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on JG Environmental Technology Co and its competitors. This is 35% above median its historical median of 1.40. Over the past decade, JG Environmental Technology Co's Quick Ratio has ranged from 1.15 to 1.89. According to the industry distribution chart, JG Environmental Technology Co ranks #1000 out of 3077 companies in the Industrial Products industry, placing it in the top 32.5%.
Is JG Environmental Technology Co's Quick Ratio too high?
JG Environmental Technology Co's current Quick Ratio of 1.89 is 35% above median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 1.89. The Industrial Products industry median Quick Ratio is 1.38. JG Environmental Technology Co's value of 1.89 is 37% above this industry median. Based on the distribution chart, JG Environmental Technology Co ranks #1000 out of 3077 companies in the Industrial Products industry, which is above the industry midpoint. Overall, JG Environmental Technology Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JG Environmental Technology Co's Quick Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, JG Environmental Technology Co ranks #1000 out of 3077 companies for Quick Ratio. This puts JG Environmental Technology Co in the upper half of its industry. The industry median Quick Ratio is 1.38. JG Environmental Technology Co's value of 1.89 is 37% above this benchmark. Historically, JG Environmental Technology Co's own Quick Ratio has ranged from 1.15 to 1.89 over the past decade. While the company's 10-year median is 1.40 vs. the industry median of 1.38, JG Environmental Technology Co 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 an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.38, based on 3,077 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. JG Environmental Technology Co's current Quick Ratio of 1.89 is 37% 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 JG Environmental Technology Co and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JG Environmental Technology Co's current Quick Ratio is 1.89, which is 35% above median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JG Environmental Technology Co stock overvalued right now?
Based on GuruFocus' analysis, JG Environmental Technology Co (ROCO:6723) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$39.00, compared to a current price of NT$34.50 — trading 11.5% below its estimated fair value. The current Quick Ratio is 1.89, which is 35% above median its 10-year median of 1.40 and 37% above the Industrial Products industry median of 1.38. JG Environmental Technology Co's overall GF Score™ is 85/100 with 1 warning sign 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 JG Environmental Technology Co (ROCO:6723), the current Quick Ratio is 1.89 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 JG Environmental Technology Co (ROCO:6723) Overvalued in 2026?
Based on GuruFocus' analysis, JG Environmental Technology Co stock appears to be undervalued.
The current stock price of NT$34.50 is trading 11.5% below its estimated GF Value™ of NT$39.00.
GuruFocus considers JG Environmental Technology Co to be Modestly Undervalued.
Key valuation signals for ROCO:6723:
Quick Ratio: 1.89 (35% above median its 10-year median of 1.40)
GF Value™: NT$39.00 vs. price of NT$34.50 (11.5% below fair value)
Industry Position: 37% above the Industrial Products median (#1000 of 3077)
No single metric tells the full story. See the ROCO:6723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JG Environmental Technology Co is engaged in designing, manufacturing and installation of air pollution and energy recovery equipment and systems. The company's products include ESCO environmental protection system and equipment, Gaseous pollutant purification and deodorization equipment, Acid gas and particle removal equipment, and VOCs exhaust gas treatment system among others.
85GF Score
Get the complete analysis for ROCO:6723
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