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Zhejiang Xinneng Photovoltaic Technology Co (SHSE:603105) 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 Xinneng Photovoltaic Technology Co Quick Ratio Related Terms
Zhejiang Xinneng Photovoltaic Technology 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 Xinneng Photovoltaic Technology Co Quick Ratio Chart
Zhejiang Xinneng Photovoltaic Technology 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.
Zhejiang Xinneng Photovoltaic Technology Co Quick Ratio vs Semiconductors Industry
Zhejiang Xinneng Photovoltaic Technology 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 Xinneng Photovoltaic Technology Co (SHSE:603105) has a Quick Ratio of 1.15 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Zhejiang Xinneng Photovoltaic Technology Co and its competitors. This is 14% above median its historical median of 1.01. Over the past decade, Zhejiang Xinneng Photovoltaic Technology Co's Quick Ratio has ranged from 0.53 to 1.60. According to the industry distribution chart, Zhejiang Xinneng Photovoltaic Technology Co ranks #716 out of 1028 companies in the Semiconductors industry, placing it in the top 69.6%.
Is Zhejiang Xinneng Photovoltaic Technology Co's Quick Ratio too high?
Zhejiang Xinneng Photovoltaic Technology Co's current Quick Ratio of 1.15 is 14% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.60. The Semiconductors industry median Quick Ratio is 1.80. Zhejiang Xinneng Photovoltaic Technology Co's value of 1.15 is 36.1% below this industry median. Based on the distribution chart, Zhejiang Xinneng Photovoltaic Technology Co ranks #716 out of 1028 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Zhejiang Xinneng Photovoltaic Technology Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Xinneng Photovoltaic Technology Co's Quick Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Zhejiang Xinneng Photovoltaic Technology Co ranks #716 out of 1028 companies for Quick Ratio. This places Zhejiang Xinneng Photovoltaic Technology Co in the lower half of its industry. The industry median Quick Ratio is 1.80. Zhejiang Xinneng Photovoltaic Technology Co's value of 1.15 is 36.1% below this benchmark. Historically, Zhejiang Xinneng Photovoltaic Technology Co's own Quick Ratio has ranged from 0.53 to 1.60 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 1.80, Zhejiang Xinneng Photovoltaic Technology 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 Semiconductors company?
The median Quick Ratio among Semiconductors companies is 1.80, based on 1,028 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 Xinneng Photovoltaic Technology Co's current Quick Ratio of 1.15 is 36.1% 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 Zhejiang Xinneng Photovoltaic Technology Co and its competitors. For the Semiconductors industry, the median Quick Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Xinneng Photovoltaic Technology Co's current Quick Ratio is 1.15, which is 14% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Xinneng Photovoltaic Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Xinneng Photovoltaic Technology Co (SHSE:603105) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.93, compared to a current price of ¥7.38 — trading 25.7% below its estimated fair value. The current Quick Ratio is 1.15, which is 14% above median its 10-year median of 1.01 and 36.1% below the Semiconductors industry median of 1.80. Zhejiang Xinneng Photovoltaic Technology Co's overall GF Score™ is 73/100 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 Zhejiang Xinneng Photovoltaic Technology Co (SHSE:603105), the current Quick Ratio is 1.15 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 Zhejiang Xinneng Photovoltaic Technology Co (SHSE:603105) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Xinneng Photovoltaic Technology Co stock appears to be undervalued.
The current stock price of ¥7.38 is trading 25.7% below its estimated GF Value™ of ¥9.93.
GuruFocus considers Zhejiang Xinneng Photovoltaic Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:603105:
Quick Ratio: 1.15 (14% above median its 10-year median of 1.01)
GF Value™: ¥9.93 vs. price of ¥7.38 (25.7% below fair value)
Industry Position: 36.1% below the Semiconductors median (#716 of 1028)
No single metric tells the full story. See the SHSE:603105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Xinneng Photovoltaic Technology Co Ltd along with its subsidiaries develops, manufactures and distributes photovoltaic products and solutions. The company's products and services are distributed power stations, manufacturing, research and development and innovation, commercial distribution, household distributed, and others. Geographically, it operates in the People's Republic of China.
73GF Score
Get the complete analysis for SHSE:603105
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