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Chengdu Haoneng Technology Co (SHSE:603809) 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.
Chengdu Haoneng Technology Co Quick Ratio Related Terms
Chengdu Haoneng 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.
SHSE:603809 vs ORLY, AZO, GPC: Quick Ratio Comparison
For the Auto Parts subindustry, Chengdu Haoneng Technology 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.
Chengdu Haoneng Technology Co Quick Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Chengdu Haoneng Technology Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Chengdu Haoneng Technology Co's Quick Ratio falls into.
Chengdu Haoneng 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.
Chengdu Haoneng Technology Co (SHSE:603809) has a Quick Ratio of 1.19 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Chengdu Haoneng Technology Co and its competitors. This is 29% above median its historical median of 0.92. Over the past decade, Chengdu Haoneng Technology Co's Quick Ratio has ranged from 0.59 to 2.60. According to the industry distribution chart, Chengdu Haoneng Technology Co ranks #552 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 41.3%.
Is Chengdu Haoneng Technology Co's Quick Ratio too high?
Chengdu Haoneng Technology Co's current Quick Ratio of 1.19 is 29% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.60. The Vehicles & Parts industry median Quick Ratio is 1.04. Chengdu Haoneng Technology Co's value of 1.19 is 14.4% above this industry median. Based on the distribution chart, Chengdu Haoneng Technology Co ranks #552 out of 1337 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Chengdu Haoneng Technology Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chengdu Haoneng Technology Co's Quick Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Chengdu Haoneng Technology Co ranks #552 out of 1337 companies for Quick Ratio. This puts Chengdu Haoneng Technology Co in the upper half of its industry. The industry median Quick Ratio is 1.04. Chengdu Haoneng Technology Co's value of 1.19 is 14.4% above this benchmark. Historically, Chengdu Haoneng Technology Co's own Quick Ratio has ranged from 0.59 to 2.60 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.04, Chengdu Haoneng Technology 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 1.04, based on 1,337 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. Chengdu Haoneng Technology Co's current Quick Ratio of 1.19 is 14.4% 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 Chengdu Haoneng Technology Co and its competitors. For the Vehicles & Parts industry, the median Quick Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chengdu Haoneng Technology Co's current Quick Ratio is 1.19, which is 29% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chengdu Haoneng Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Chengdu Haoneng Technology Co (SHSE:603809) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.36, compared to a current price of ¥8.99 — trading 4% below its estimated fair value. The current Quick Ratio is 1.19, which is 29% above median its 10-year median of 0.92 and 14.4% above the Vehicles & Parts industry median of 1.04. Chengdu Haoneng Technology Co's overall GF Score™ is 78/100 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 Chengdu Haoneng Technology Co (SHSE:603809), the current Quick Ratio is 1.19 as of Jun. 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 Chengdu Haoneng Technology Co (SHSE:603809) Overvalued in 2026?
Based on GuruFocus' analysis, Chengdu Haoneng Technology Co stock appears to be undervalued.
The current stock price of ¥8.99 is trading 4% below its estimated GF Value™ of ¥9.36.
GuruFocus considers Chengdu Haoneng Technology Co to be Fairly Valued.
Key valuation signals for SHSE:603809:
Quick Ratio: 1.19 (29% above median its 10-year median of 0.92)
GF Value™: ¥9.36 vs. price of ¥8.99 (4% below fair value)
Industry Position: 14.4% above the Vehicles & Parts median (#552 of 1337)
No single metric tells the full story. See the SHSE:603809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chengdu Haoneng Technology Co Ltd is mainly engaged in synchronizer ring, synchronizer, combined tooth, and double Production and sales of automotive parts such as clutch main hub and support in China. Its products include forging synchronizer tooth rings, stamping synchronizer gear rings, and synchronizer gear ring.
78GF Score
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