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Tianjin You Fa Steel Pipe Group Stock Co has a quick ratio of 0.93. It indicates that the company cannot currently fully pay back its current liabilities.
SHSE:601686's Quick Ratio is ranked worse than 54.42% of 634
companies
in the Steel industry
Industry Median: 1.02
vs SHSE:601686: 0.93
Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) 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.
Tianjin You Fa Steel Pipe Group Stock Co Quick Ratio Related Terms
Tianjin You Fa Steel Pipe Group Stock 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.
Tianjin You Fa Steel Pipe Group Stock Co Quick Ratio Chart
Tianjin You Fa Steel Pipe Group Stock Co Annual Data
SHSE:601686 vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Tianjin You Fa Steel Pipe Group Stock 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.
Tianjin You Fa Steel Pipe Group Stock Co Quick Ratio vs Steel Industry
Tianjin You Fa Steel Pipe Group Stock 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.
Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) has a Quick Ratio of 0.93 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Tianjin You Fa Steel Pipe Group Stock Co and its competitors. This is near median its historical median of 0.97. Over the past decade, Tianjin You Fa Steel Pipe Group Stock Co's Quick Ratio has ranged from 0.62 to 1.52. According to the industry distribution chart, Tianjin You Fa Steel Pipe Group Stock Co ranks #345 out of 634 companies in the Steel industry, placing it in the top 54.4%.
Is Tianjin You Fa Steel Pipe Group Stock Co's Quick Ratio too high?
Tianjin You Fa Steel Pipe Group Stock Co's current Quick Ratio of 0.93 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.52. The Steel industry median Quick Ratio is 1.02. Tianjin You Fa Steel Pipe Group Stock Co's value of 0.93 is 8.8% below this industry median. Based on the distribution chart, Tianjin You Fa Steel Pipe Group Stock Co ranks #345 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Tianjin You Fa Steel Pipe Group Stock Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tianjin You Fa Steel Pipe Group Stock Co's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Tianjin You Fa Steel Pipe Group Stock Co ranks #345 out of 634 companies for Quick Ratio. This places Tianjin You Fa Steel Pipe Group Stock Co in the lower half of its industry. The industry median Quick Ratio is 1.02. Tianjin You Fa Steel Pipe Group Stock Co's value of 0.93 is 8.8% below this benchmark. Historically, Tianjin You Fa Steel Pipe Group Stock Co's own Quick Ratio has ranged from 0.62 to 1.52 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 1.02, Tianjin You Fa Steel Pipe Group Stock 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 Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 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. Tianjin You Fa Steel Pipe Group Stock Co's current Quick Ratio of 0.93 is 8.8% 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 Tianjin You Fa Steel Pipe Group Stock Co and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianjin You Fa Steel Pipe Group Stock Co's current Quick Ratio is 0.93, which is near median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianjin You Fa Steel Pipe Group Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.46, compared to a current price of ¥5.08 — trading 7% below its estimated fair value. The current Quick Ratio is 0.93, which is near median its 10-year median of 0.97 and 8.8% below the Steel industry median of 1.02. Tianjin You Fa Steel Pipe Group Stock Co's overall GF Score™ is 65/100 with 5 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 Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686), the current Quick Ratio is 0.93 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 Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) Overvalued in 2026?
Based on GuruFocus' analysis, Tianjin You Fa Steel Pipe Group Stock Co stock appears to be undervalued.
The current stock price of ¥5.08 is trading 7% below its estimated GF Value™ of ¥5.46.
GuruFocus considers Tianjin You Fa Steel Pipe Group Stock Co to be Fairly Valued.
Key valuation signals for SHSE:601686:
Quick Ratio: 0.93 (near median its 10-year median of 0.97)
GF Value™: ¥5.46 vs. price of ¥5.08 (7% below fair value)
Industry Position: 8.8% below the Steel median (#345 of 634)
No single metric tells the full story. See the SHSE:601686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianjin You Fa Steel Pipe Group Stock Co Business Description
Tianjin You Fa Steel Pipe Group Stock Co Ltd formerly Tianjin Youfa Steel Pipe Group Co Ltd is primarily involved in the development, production and sales of welded steel pipes. It offers welded pipes, hot-dip galvanized steel pipes, steel-plastic composite pipes, stainless steel composite pipes, spiral steel pipes and others.
65GF Score
Get the complete analysis for SHSE:601686
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