SHSE:600968'
s Quick Ratio Range Over the Past 10 Years
Min: 0.82 Med: 1.47 Max: 1.64
Current: 1.64
During the past 13 years, CNOOC Energy Technology & Services's highest Quick Ratio was 1.64. The lowest was 0.82. And the median was 1.47.
SHSE:600968's Quick Ratio is ranked better than 65.42% of 1012
companies
in the Oil & Gas industry
Industry Median: 1.11
vs SHSE:600968: 1.64
CNOOC Energy Technology & Services (SHSE:600968) 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.
CNOOC Energy Technology & Services Quick Ratio Related Terms
CNOOC Energy Technology & Services 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.
CNOOC Energy Technology & Services Quick Ratio Chart
SHSE:600968 vs SLB, BKR, HAL: Quick Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & Services'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.
CNOOC Energy Technology & Services Quick Ratio vs Oil & Gas Industry
CNOOC Energy Technology & Services 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.
CNOOC Energy Technology & Services (SHSE:600968) has a Quick Ratio of 1.64 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on CNOOC Energy Technology & Services and its competitors. This is 12% above median its historical median of 1.47. Over the past decade, CNOOC Energy Technology & Services' Quick Ratio has ranged from 0.82 to 1.64. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #350 out of 1012 companies in the Oil & Gas industry, placing it in the top 34.6%.
Is CNOOC Energy Technology & Services' Quick Ratio too high?
CNOOC Energy Technology & Services' current Quick Ratio of 1.64 is 12% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 1.64. The Oil & Gas industry median Quick Ratio is 1.11. CNOOC Energy Technology & Services' value of 1.64 is 47.7% above this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #350 out of 1012 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' Quick Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #350 out of 1012 companies for Quick Ratio. This puts CNOOC Energy Technology & Services in the upper half of its industry. The industry median Quick Ratio is 1.11. CNOOC Energy Technology & Services' value of 1.64 is 47.7% above this benchmark. Historically, CNOOC Energy Technology & Services' own Quick Ratio has ranged from 0.82 to 1.64 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 1.11, CNOOC Energy Technology & Services 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 Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.11, based on 1,012 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. CNOOC Energy Technology & Services's current Quick Ratio of 1.64 is 47.7% 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 CNOOC Energy Technology & Services and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC Energy Technology & Services's current Quick Ratio is 1.64, which is 12% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.91, compared to a current price of ¥3.45 — trading 11.8% below its estimated fair value. The current Quick Ratio is 1.64, which is 12% above median its 10-year median of 1.47 and 47.7% above the Oil & Gas industry median of 1.11. CNOOC Energy Technology & Services' overall GF Score™ is 89/100 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 CNOOC Energy Technology & Services (SHSE:600968), the current Quick Ratio is 1.64 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued.
The current stock price of ¥3.45 is trading 11.8% below its estimated GF Value™ of ¥3.91.
GuruFocus considers CNOOC Energy Technology & Services to be Modestly Undervalued.
Key valuation signals for SHSE:600968:
Quick Ratio: 1.64 (12% above median its 10-year median of 1.47)
GF Value™: ¥3.91 vs. price of ¥3.45 (11.8% below fair value)
Industry Position: 47.7% above the Oil & Gas median (#350 of 1012)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Business Description
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
89GF Score
Get the complete analysis for SHSE:600968
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