Harbin VITI Electronic CoSHSE:603023 +2.82%56 Quick Ratio is 5.66 as of Mar. 2026, which is 64% below its 10-year median of 15.92. GuruFocus rates SHSE:603023 with a GF Score™ of 56/100 and a GF Value™ of ¥8.82 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,332 Vehicles & Parts companies, Harbin VITI Electronic Co ranks better than 96.7% on this metric.
Harbin VITI Electronic Co has a quick ratio of 5.66. It generally indicates good short-term financial strength.
The historical rank and industry rank for Harbin VITI Electronic Co's Quick Ratio or its related term are showing as below:
SHSE:603023'
s Quick Ratio Range Over the Past 10 Years
Min: 5.1 Med: 15.92 Max: 60.41
Current: 5.66
During the past 13 years, Harbin VITI Electronic Co's highest Quick Ratio was 60.41. The lowest was 5.10. And the median was 15.92.
SHSE:603023's Quick Ratio is ranked better than 96.7% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 1.06
vs SHSE:603023: 5.66
Harbin VITI Electronic Co (SHSE:603023) 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.
Harbin VITI Electronic Co Quick Ratio Related Terms
Harbin VITI Electronic 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.
For the Auto Parts subindustry, Harbin VITI Electronic 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.
Harbin VITI Electronic Co Quick Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Harbin VITI Electronic Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Harbin VITI Electronic Co's Quick Ratio falls into.
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.
Harbin VITI Electronic Co's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Harbin VITI Electronic Co (SHSE:603023) has a Quick Ratio of 5.66 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Harbin VITI Electronic Co and its competitors. This is 64% below median its historical median of 15.92. Over the past decade, Harbin VITI Electronic Co's Quick Ratio has ranged from 5.10 to 60.41. According to the industry distribution chart, Harbin VITI Electronic Co ranks #44 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 3.3%.
Is Harbin VITI Electronic Co's Quick Ratio too high?
Harbin VITI Electronic Co's current Quick Ratio of 5.66 is 64% below median its 10-year median of 15.92. Over the past 10 years, this metric has ranged from a low of 5.10 to a high of 60.41. The Vehicles & Parts industry median Quick Ratio is 1.06. Harbin VITI Electronic Co's value of 5.66 is 434% above this industry median. Based on the distribution chart, Harbin VITI Electronic Co ranks #44 out of 1332 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Harbin VITI Electronic Co has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harbin VITI Electronic Co's Quick Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Harbin VITI Electronic Co ranks #44 out of 1332 companies for Quick Ratio. This places Harbin VITI Electronic Co in the top 3% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.06. Harbin VITI Electronic Co's value of 5.66 is 434% above this benchmark. Historically, Harbin VITI Electronic Co's own Quick Ratio has ranged from 5.10 to 60.41 over the past decade. While the company's 10-year median is 15.92 vs. the industry median of 1.06, Harbin VITI Electronic 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 a Vehicles & Parts company?
The median Quick Ratio among Vehicles & Parts companies is 1.06, based on 1,332 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. Harbin VITI Electronic Co's current Quick Ratio of 5.66 is 434% 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 Harbin VITI Electronic Co and its competitors. For the Vehicles & Parts industry, the median Quick Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin VITI Electronic Co's current Quick Ratio is 5.66, which is 64% below median its own 10-year median of 15.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin VITI Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin VITI Electronic Co (SHSE:603023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.82, compared to a current price of ¥3.65 — trading 58.6% below its estimated fair value. The current Quick Ratio is 5.66, which is 64% below median its 10-year median of 15.92 and 434% above the Vehicles & Parts industry median of 1.06. Harbin VITI Electronic Co's overall GF Score™ is 56/100 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 Harbin VITI Electronic Co (SHSE:603023), the current Quick Ratio is 5.66 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 Harbin VITI Electronic Co (SHSE:603023) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin VITI Electronic Co stock appears to be undervalued.
The current stock price of ¥3.65 is trading 58.6% below its estimated GF Value™ of ¥8.82.
GuruFocus considers Harbin VITI Electronic Co to be Possible Value Trap.
Key valuation signals for SHSE:603023:
Quick Ratio: 5.66 (64% below median its 10-year median of 15.92)
GF Value™: ¥8.82 vs. price of ¥3.65 (58.6% below fair value)
Industry Position: 434% above the Vehicles & Parts median (#44 of 1332)
No single metric tells the full story. See the SHSE:603023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.
56GF Score
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