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Hua Yang Precision Machinery Co (ROCO:6983) 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.
Hua Yang Precision Machinery Co Quick Ratio Related Terms
Hua Yang Precision Machinery 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.
For the Electrical Equipment & Parts subindustry, Hua Yang Precision Machinery 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.
Hua Yang Precision Machinery Co Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hua Yang Precision Machinery Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Hua Yang Precision Machinery Co's Quick Ratio falls into.
Hua Yang Precision Machinery 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.
Hua Yang Precision Machinery Co (ROCO:6983) has a Quick Ratio of 6.37 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Hua Yang Precision Machinery Co and its competitors. This is 130% above median its historical median of 2.77. Over the past decade, Hua Yang Precision Machinery Co's Quick Ratio has ranged from 1.04 to 6.37. According to the industry distribution chart, Hua Yang Precision Machinery Co ranks #157 out of 3083 companies in the Industrial Products industry, placing it in the top 5.1%.
Is Hua Yang Precision Machinery Co's Quick Ratio too high?
Hua Yang Precision Machinery Co's current Quick Ratio of 6.37 is 130% above median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 6.37. The Industrial Products industry median Quick Ratio is 1.37. Hua Yang Precision Machinery Co's value of 6.37 is 365% above this industry median. Based on the distribution chart, Hua Yang Precision Machinery Co ranks #157 out of 3083 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hua Yang Precision Machinery Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Yang Precision Machinery Co's Quick Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hua Yang Precision Machinery Co ranks #157 out of 3083 companies for Quick Ratio. This places Hua Yang Precision Machinery Co in the top 5% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.37. Hua Yang Precision Machinery Co's value of 6.37 is 365% above this benchmark. Historically, Hua Yang Precision Machinery Co's own Quick Ratio has ranged from 1.04 to 6.37 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 1.37, Hua Yang Precision Machinery 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 1.37, based on 3,083 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. Hua Yang Precision Machinery Co's current Quick Ratio of 6.37 is 365% 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 Hua Yang Precision Machinery Co and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hua Yang Precision Machinery Co's current Quick Ratio is 6.37, which is 130% above median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Yang Precision Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Hua Yang Precision Machinery Co (ROCO:6983) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$215.02, compared to a current price of NT$337.50 — trading 57% above its estimated fair value. The current Quick Ratio is 6.37, which is 130% above median its 10-year median of 2.77 and 365% above the Industrial Products industry median of 1.37. Hua Yang Precision Machinery Co's overall GF Score™ is 71/100 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 Hua Yang Precision Machinery Co (ROCO:6983), the current Quick Ratio is 6.37 as of Jun. 2026. 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 Hua Yang Precision Machinery Co (ROCO:6983) Overvalued in 2026?
Based on GuruFocus' analysis, Hua Yang Precision Machinery Co stock appears to be overvalued.
The current stock price of NT$337.50 is trading 57% above its estimated GF Value™ of NT$215.02.
GuruFocus considers Hua Yang Precision Machinery Co to be Significantly Overvalued.
Key valuation signals for ROCO:6983:
Quick Ratio: 6.37 (130% above median its 10-year median of 2.77)
GF Value™: NT$215.02 vs. price of NT$337.50 (57% above fair value)
Industry Position: 365% above the Industrial Products median (#157 of 3083)
No single metric tells the full story. See the ROCO:6983 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hua Yang Precision Machinery Co Ltd is engaged in research and development of suitable equipment for inspection, measurement, and automated production, to help its clients shorten their production time. Its product category comprises of Automated Optical Inspection, Automation Solution and Others.
71GF Score
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