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SHSE:603060's Quick Ratio is ranked worse than 57.14% of 1092
companies
in the Business Services industry
Industry Median: 1.675
vs SHSE:603060: 1.47
China Testing & Certification International Group Co (SHSE:603060) 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 Testing & Certification International Group Co Quick Ratio Related Terms
China Testing & Certification International Group 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.
China Testing & Certification International Group Co Quick Ratio Chart
China Testing & Certification International Group Co Annual Data
* 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 Testing & Certification International Group Co Quick Ratio vs Business Services Industry
China Testing & Certification International Group 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.
China Testing & Certification International Group Co (SHSE:603060) has a Quick Ratio of 1.47 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on China Testing & Certification International Group Co and its competitors. This is near median its historical median of 1.50. Over the past decade, China Testing & Certification International Group Co's Quick Ratio has ranged from 0.95 to 4.42. According to the industry distribution chart, China Testing & Certification International Group Co ranks #624 out of 1092 companies in the Business Services industry, placing it in the top 57.1%.
Is China Testing & Certification International Group Co's Quick Ratio too high?
China Testing & Certification International Group Co's current Quick Ratio of 1.47 is near median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 4.42. The Business Services industry median Quick Ratio is 1.68. China Testing & Certification International Group Co's value of 1.47 is 12.2% below this industry median. Based on the distribution chart, China Testing & Certification International Group Co ranks #624 out of 1092 companies in the Business Services industry, which is below the industry midpoint. Overall, China Testing & Certification International Group Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Testing & Certification International Group Co's Quick Ratio compare to VRSK and EFX?
According to the Business Services industry distribution chart, China Testing & Certification International Group Co ranks #624 out of 1092 companies for Quick Ratio. This places China Testing & Certification International Group Co in the lower half of its industry. The industry median Quick Ratio is 1.68. China Testing & Certification International Group Co's value of 1.47 is 12.2% below this benchmark. Historically, China Testing & Certification International Group Co's own Quick Ratio has ranged from 0.95 to 4.42 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.68, China Testing & Certification International Group 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 Business Services company?
The median Quick Ratio among Business Services companies is 1.68, based on 1,092 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 Testing & Certification International Group Co's current Quick Ratio of 1.47 is 12.2% 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 China Testing & Certification International Group Co and its competitors. For the Business Services industry, the median Quick Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Testing & Certification International Group Co's current Quick Ratio is 1.47, which is near median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Testing & Certification International Group Co stock overvalued right now?
Based on GuruFocus' analysis, China Testing & Certification International Group Co (SHSE:603060) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.85, compared to a current price of ¥5.31 — trading 22.5% below its estimated fair value. The current Quick Ratio is 1.47, which is near median its 10-year median of 1.50 and 12.2% below the Business Services industry median of 1.68. China Testing & Certification International Group Co's overall GF Score™ is 90/100 with 8 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 Testing & Certification International Group Co (SHSE:603060), the current Quick Ratio is 1.47 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 Testing & Certification International Group Co (SHSE:603060) Overvalued in 2026?
Based on GuruFocus' analysis, China Testing & Certification International Group Co stock appears to be undervalued.
The current stock price of ¥5.31 is trading 22.5% below its estimated GF Value™ of ¥6.85.
GuruFocus considers China Testing & Certification International Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603060:
Quick Ratio: 1.47 (near median its 10-year median of 1.50)
GF Value™: ¥6.85 vs. price of ¥5.31 (22.5% below fair value)
Industry Position: 12.2% below the Business Services median (#624 of 1092)
No single metric tells the full story. See the SHSE:603060 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Testing & Certification International Group Co Business Description
China Testing & Certification International Group Co Ltd provides third-party inspection and certification services in the fields of building materials and construction engineering. Its service offering comprises certification, safety and instrument development services as well as extended services such as energy-saving emission reduction technology services, standardization services, personnel training and occupational skill identification. The company primarily serve the building materials and construction engineering enterprises, solar photovoltaic product production and application enterprises, carbon emission trading units, product quality and technical supervision departments, industrial and commercial management departments and safety production supervision departments.
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