Tongyi Carbon Neutral Energy (Xinjiang) Co has a quick ratio of 0.69. It indicates that the company cannot currently fully pay back its current liabilities.
SHSE:600506's Quick Ratio is ranked worse than 71.31% of 1987
companies
in the Consumer Packaged Goods industry
Industry Median: 1.12
vs SHSE:600506: 0.69
Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co Quick Ratio Related Terms
Tongyi Carbon Neutral Energy (Xinjiang) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co Quick Ratio Chart
Tongyi Carbon Neutral Energy (Xinjiang) Co Annual Data
SHSE:600506 vs ADM, BG, TSN: Quick Ratio Comparison
For the Farm Products subindustry, Tongyi Carbon Neutral Energy (Xinjiang) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co Quick Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongyi Carbon Neutral Energy (Xinjiang) Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Tongyi Carbon Neutral Energy (Xinjiang) Co's Quick Ratio falls into.
Tongyi Carbon Neutral Energy (Xinjiang) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) has a Quick Ratio of 0.69 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Tongyi Carbon Neutral Energy (Xinjiang) Co and its competitors. This is 83% below median its historical median of 4.18. Over the past decade, Tongyi Carbon Neutral Energy (Xinjiang) Co's Quick Ratio has ranged from 0.51 to 31.53. According to the industry distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #1417 out of 1987 companies in the Consumer Packaged Goods industry, placing it in the top 71.3%.
Is Tongyi Carbon Neutral Energy (Xinjiang) Co's Quick Ratio too high?
Tongyi Carbon Neutral Energy (Xinjiang) Co's current Quick Ratio of 0.69 is 83% below median its 10-year median of 4.18. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 31.53. The Consumer Packaged Goods industry median Quick Ratio is 1.12. Tongyi Carbon Neutral Energy (Xinjiang) Co's value of 0.69 is 38.4% below this industry median. Based on the distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #1417 out of 1987 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Tongyi Carbon Neutral Energy (Xinjiang) Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tongyi Carbon Neutral Energy (Xinjiang) Co's Quick Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #1417 out of 1987 companies for Quick Ratio. This places Tongyi Carbon Neutral Energy (Xinjiang) Co in the lower half of its industry. The industry median Quick Ratio is 1.12. Tongyi Carbon Neutral Energy (Xinjiang) Co's value of 0.69 is 38.4% below this benchmark. Historically, Tongyi Carbon Neutral Energy (Xinjiang) Co's own Quick Ratio has ranged from 0.51 to 31.53 over the past decade. While the company's 10-year median is 4.18 vs. the industry median of 1.12, Tongyi Carbon Neutral Energy (Xinjiang) Co has consistently been below 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 Consumer Packaged Goods company?
The median Quick Ratio among Consumer Packaged Goods companies is 1.12, based on 1,987 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. Tongyi Carbon Neutral Energy (Xinjiang) Co's current Quick Ratio of 0.69 is 38.4% 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 Tongyi Carbon Neutral Energy (Xinjiang) Co and its competitors. For the Consumer Packaged Goods industry, the median Quick Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongyi Carbon Neutral Energy (Xinjiang) Co's current Quick Ratio is 0.69, which is 83% below median its own 10-year median of 4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongyi Carbon Neutral Energy (Xinjiang) Co stock overvalued right now?
Based on GuruFocus' analysis, Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.09, compared to a current price of ¥13.69 — trading 2.8% below its estimated fair value. The current Quick Ratio is 0.69, which is 83% below median its 10-year median of 4.18 and 38.4% below the Consumer Packaged Goods industry median of 1.12. Tongyi Carbon Neutral Energy (Xinjiang) Co's overall GF Score™ is 64/100 with 3 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 Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506), the current Quick Ratio is 0.69 as of Mar. 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 Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Overvalued in 2026?
Based on GuruFocus' analysis, Tongyi Carbon Neutral Energy (Xinjiang) Co stock appears to be undervalued.
The current stock price of ¥13.69 is trading 2.8% below its estimated GF Value™ of ¥14.09.
GuruFocus considers Tongyi Carbon Neutral Energy (Xinjiang) Co to be Fairly Valued.
Key valuation signals for SHSE:600506:
Quick Ratio: 0.69 (83% below median its 10-year median of 4.18)
GF Value™: ¥14.09 vs. price of ¥13.69 (2.8% below fair value)
Industry Position: 38.4% below the Consumer Packaged Goods median (#1417 of 1987)
No single metric tells the full story. See the SHSE:600506 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongyi Carbon Neutral Energy (Xinjiang) Co Business Description
Tongyi Carbon Neutral Energy (Xinjiang) Co Ltd is in the business of researching, developing, producing, and sales of lubricating greases. Depending on their application, the company's products include Traditional lubricating oils and liquid cooling and specialty greases for the new energy industry, namely those for transportation, industrial manufacturing and power, construction machinery, and mining. The company provides liquid cooling and specialty grease products to customers in industries such as power piles, renewable energy, and energy storage.
64GF Score
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