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What is Zhejiang Zhenshi New Materials Co Quick Ratio?
Zhejiang Zhenshi New Materials CoSHSE:601112 -2.00%11 Quick Ratio is 1.45 as of Mar. 2026, which is 33% above its 10-year median of 1.09. GuruFocus rates SHSE:601112 with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 3,070 Industrial Products companies, Zhejiang Zhenshi New Materials Co ranks better than 53% on this metric.
SHSE:601112'
s Quick Ratio Range Over the Past 10 Years
Min: 1.02 Med: 1.09 Max: 1.45
Current: 1.45
During the past 4 years, Zhejiang Zhenshi New Materials Co's highest Quick Ratio was 1.45. The lowest was 1.02. And the median was 1.09.
SHSE:601112's Quick Ratio is ranked better than 53% of 3070
companies
in the Industrial Products industry
Industry Median: 1.39
vs SHSE:601112: 1.45
Zhejiang Zhenshi New Materials Co (SHSE:601112) 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.
Zhejiang Zhenshi New Materials Co Quick Ratio Related Terms
Zhejiang Zhenshi New Materials 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.
Zhejiang Zhenshi New Materials Co Quick Ratio Chart
SHSE:601112 vs GEV, ETN, PH: Quick Ratio Comparison
For the Specialty Industrial Machinery subindustry, Zhejiang Zhenshi New Materials 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.
Zhejiang Zhenshi New Materials Co Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Zhenshi New Materials Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Zhenshi New Materials Co's Quick Ratio falls into.
Zhejiang Zhenshi New Materials 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.
Zhejiang Zhenshi New Materials Co (SHSE:601112) has a Quick Ratio of 1.45 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Zhejiang Zhenshi New Materials Co and its competitors. This is 33% above median its historical median of 1.09. Over the past decade, Zhejiang Zhenshi New Materials Co's Quick Ratio has ranged from 1.02 to 1.45. According to the industry distribution chart, Zhejiang Zhenshi New Materials Co ranks #1443 out of 3070 companies in the Industrial Products industry, placing it in the top 47%.
Is Zhejiang Zhenshi New Materials Co's Quick Ratio too high?
Zhejiang Zhenshi New Materials Co's current Quick Ratio of 1.45 is 33% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 1.45. The Industrial Products industry median Quick Ratio is 1.39. Zhejiang Zhenshi New Materials Co's value of 1.45 is 4.3% above this industry median. Based on the distribution chart, Zhejiang Zhenshi New Materials Co ranks #1443 out of 3070 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Zhejiang Zhenshi New Materials Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zhenshi New Materials Co's Quick Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Zhenshi New Materials Co ranks #1443 out of 3070 companies for Quick Ratio. This puts Zhejiang Zhenshi New Materials Co in the upper half of its industry. The industry median Quick Ratio is 1.39. Zhejiang Zhenshi New Materials Co's value of 1.45 is 4.3% above this benchmark. Historically, Zhejiang Zhenshi New Materials Co's own Quick Ratio has ranged from 1.02 to 1.45 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.39, Zhejiang Zhenshi New Materials 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 1.39, based on 3,070 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. Zhejiang Zhenshi New Materials Co's current Quick Ratio of 1.45 is 4.3% 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 Zhejiang Zhenshi New Materials Co and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Zhenshi New Materials Co's current Quick Ratio is 1.45, which is 33% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zhenshi New Materials Co stock overvalued right now?
Zhejiang Zhenshi New Materials Co (SHSE:601112) has a current Quick Ratio of 1.45. The current Quick Ratio is 1.45, which is 33% above median its 10-year median of 1.09 and 4.3% above the Industrial Products industry median of 1.39. Zhejiang Zhenshi New Materials Co's overall GF Score™ is 11/100 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 Zhejiang Zhenshi New Materials Co (SHSE:601112), the current Quick Ratio is 1.45 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.
Zhejiang Zhenshi New Materials Co Business Description
Zhejiang Zhenshi New Materials Co Ltd is engaged in the research and development, production, and sale of fiber reinforcement materials for clean energy applications. Its activities include the manufacturing and sale of fiberglass, glass fiber reinforced plastic products, high-performance fibers and composites, as well as related power electronic components. The company specializes in the research and development, production and sales of high-performance fiber weaving, thermosetting and thermoplastic composite products. The products are used in new energy wind power, solar photovoltaic, new energy vehicles, transportation, building materials and home furnishings.
11GF Score
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