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China Tourism Group Duty Free (SHSE:601888) 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.
China Tourism Group Duty Free Quick Ratio Related Terms
China Tourism Group Duty Free 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.
SHSE:601888 vs CASY, WSM, ULTA: Quick Ratio Comparison
For the Specialty Retail subindustry, China Tourism Group Duty Free'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.
China Tourism Group Duty Free Quick Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China Tourism Group Duty Free's Quick Ratio falls into.
China Tourism Group Duty Free 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.
China Tourism Group Duty Free (SHSE:601888) has a Quick Ratio of 3.09 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on China Tourism Group Duty Free and its competitors. This is 41% above median its historical median of 2.19. Over the past decade, China Tourism Group Duty Free's Quick Ratio has ranged from 0.91 to 4.24. According to the industry distribution chart, China Tourism Group Duty Free ranks #116 out of 1136 companies in the Retail - Cyclical industry, placing it in the top 10.2%.
Is China Tourism Group Duty Free's Quick Ratio too high?
China Tourism Group Duty Free's current Quick Ratio of 3.09 is 41% above median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 4.24. The Retail - Cyclical industry median Quick Ratio is 0.86. China Tourism Group Duty Free's value of 3.09 is 259.3% above this industry median. Based on the distribution chart, China Tourism Group Duty Free ranks #116 out of 1136 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Quick Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #116 out of 1136 companies for Quick Ratio. This places China Tourism Group Duty Free in the top 10% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 0.86. China Tourism Group Duty Free's value of 3.09 is 259.3% above this benchmark. Historically, China Tourism Group Duty Free's own Quick Ratio has ranged from 0.91 to 4.24 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 0.86, China Tourism Group Duty Free 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 a Retail - Cyclical company?
The median Quick Ratio among Retail - Cyclical companies is 0.86, based on 1,136 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. China Tourism Group Duty Free's current Quick Ratio of 3.09 is 259.3% 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 China Tourism Group Duty Free and its competitors. For the Retail - Cyclical industry, the median Quick Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tourism Group Duty Free's current Quick Ratio is 3.09, which is 41% above median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
Based on GuruFocus' analysis, China Tourism Group Duty Free (SHSE:601888) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥68.42, compared to a current price of ¥54.06 — trading 21% below its estimated fair value. The current Quick Ratio is 3.09, which is 41% above median its 10-year median of 2.19 and 259.3% above the Retail - Cyclical industry median of 0.86. China Tourism Group Duty Free's overall GF Score™ is 81/100 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 China Tourism Group Duty Free (SHSE:601888), the current Quick Ratio is 3.09 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 China Tourism Group Duty Free (SHSE:601888) Overvalued in 2026?
Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued.
The current stock price of ¥54.06 is trading 21% below its estimated GF Value™ of ¥68.42.
GuruFocus considers China Tourism Group Duty Free to be Modestly Undervalued.
Key valuation signals for SHSE:601888:
Quick Ratio: 3.09 (41% above median its 10-year median of 2.19)
GF Value™: ¥68.42 vs. price of ¥54.06 (21% below fair value)
Industry Position: 259.3% above the Retail - Cyclical median (#116 of 1136)
No single metric tells the full story. See the SHSE:601888 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score
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