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SHSE:603215's Quick Ratio is ranked worse than 78.9% of 436
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.255
vs SHSE:603215: 0.71
Zhejiang Biyi Electric Appliance Co (SHSE:603215) 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 Biyi Electric Appliance Co Quick Ratio Related Terms
Zhejiang Biyi Electric Appliance 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 Biyi Electric Appliance Co Quick Ratio Chart
SHSE:603215 vs SN, SGI, MHK: Quick Ratio Comparison
For the Furnishings, Fixtures & Appliances subindustry, Zhejiang Biyi Electric Appliance 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.
Zhejiang Biyi Electric Appliance Co Quick Ratio vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zhejiang Biyi Electric Appliance Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Biyi Electric Appliance Co's Quick Ratio falls into.
Zhejiang Biyi Electric Appliance 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 Biyi Electric Appliance Co (SHSE:603215) has a Quick Ratio of 0.71 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Zhejiang Biyi Electric Appliance Co and its competitors. This is 28% below median its historical median of 0.99. Over the past decade, Zhejiang Biyi Electric Appliance Co's Quick Ratio has ranged from 0.57 to 2.13. According to the industry distribution chart, Zhejiang Biyi Electric Appliance Co ranks #344 out of 436 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 78.9%.
Is Zhejiang Biyi Electric Appliance Co's Quick Ratio too high?
Zhejiang Biyi Electric Appliance Co's current Quick Ratio of 0.71 is 28% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 2.13. The Furnishings, Fixtures & Appliances industry median Quick Ratio is 1.26. Zhejiang Biyi Electric Appliance Co's value of 0.71 is 43.4% below this industry median. Based on the distribution chart, Zhejiang Biyi Electric Appliance Co ranks #344 out of 436 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Biyi Electric Appliance Co has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Biyi Electric Appliance Co's Quick Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Zhejiang Biyi Electric Appliance Co ranks #344 out of 436 companies for Quick Ratio. This places Zhejiang Biyi Electric Appliance Co in the lower half of its industry. The industry median Quick Ratio is 1.26. Zhejiang Biyi Electric Appliance Co's value of 0.71 is 43.4% below this benchmark. Historically, Zhejiang Biyi Electric Appliance Co's own Quick Ratio has ranged from 0.57 to 2.13 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 1.26, Zhejiang Biyi Electric Appliance 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 Furnishings, Fixtures & Appliances company?
The median Quick Ratio among Furnishings, Fixtures & Appliances companies is 1.26, based on 436 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 Biyi Electric Appliance Co's current Quick Ratio of 0.71 is 43.4% 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 Biyi Electric Appliance Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Quick Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Biyi Electric Appliance Co's current Quick Ratio is 0.71, which is 28% below median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Biyi Electric Appliance Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Biyi Electric Appliance Co (SHSE:603215) is currently considered Possible Value Trap. The stock's GF Value™ is ¥24.50, compared to a current price of ¥14.05 — trading 42.7% below its estimated fair value. The current Quick Ratio is 0.71, which is 28% below median its 10-year median of 0.99 and 43.4% below the Furnishings, Fixtures & Appliances industry median of 1.26. Zhejiang Biyi Electric Appliance Co's overall GF Score™ is 66/100 with 10 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 Biyi Electric Appliance Co (SHSE:603215), the current Quick Ratio is 0.71 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 Biyi Electric Appliance Co (SHSE:603215) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Biyi Electric Appliance Co stock appears to be undervalued.
The current stock price of ¥14.05 is trading 42.7% below its estimated GF Value™ of ¥24.50.
GuruFocus considers Zhejiang Biyi Electric Appliance Co to be Possible Value Trap.
Key valuation signals for SHSE:603215:
Quick Ratio: 0.71 (28% below median its 10-year median of 0.99)
GF Value™: ¥24.50 vs. price of ¥14.05 (42.7% below fair value)
Industry Position: 43.4% below the Furnishings, Fixtures & Appliances median (#344 of 436)
No single metric tells the full story. See the SHSE:603215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Biyi Electric Appliance Co Ltd is engaged in the design, manufacture and sale of air fryers, air ovens, deep fryers, grillers and other small heating kitchen appliances.
66GF Score
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