SHSE:603878's Quick Ratio is ranked better than 73.82% of 634
companies
in the Steel industry
Industry Median: 1.02
vs SHSE:603878: 1.91
Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) 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.
Jiangsu Wujin Stainless Steel Pipe Group Co Quick Ratio Related Terms
Jiangsu Wujin Stainless Steel Pipe 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.
Jiangsu Wujin Stainless Steel Pipe Group Co Quick Ratio Chart
Jiangsu Wujin Stainless Steel Pipe 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.
Jiangsu Wujin Stainless Steel Pipe Group Co Quick Ratio vs Steel Industry
Jiangsu Wujin Stainless Steel Pipe 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.
Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) has a Quick Ratio of 1.91 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Jiangsu Wujin Stainless Steel Pipe Group Co and its competitors. This is near median its historical median of 1.87. Over the past decade, Jiangsu Wujin Stainless Steel Pipe Group Co's Quick Ratio has ranged from 1.29 to 3.78. According to the industry distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #166 out of 634 companies in the Steel industry, placing it in the top 26.2%.
Is Jiangsu Wujin Stainless Steel Pipe Group Co's Quick Ratio too high?
Jiangsu Wujin Stainless Steel Pipe Group Co's current Quick Ratio of 1.91 is near median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 3.78. The Steel industry median Quick Ratio is 1.02. Jiangsu Wujin Stainless Steel Pipe Group Co's value of 1.91 is 87.3% above this industry median. Based on the distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #166 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Jiangsu Wujin Stainless Steel Pipe Group Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Wujin Stainless Steel Pipe Group Co's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #166 out of 634 companies for Quick Ratio. This puts Jiangsu Wujin Stainless Steel Pipe Group Co in the upper half of its industry. The industry median Quick Ratio is 1.02. Jiangsu Wujin Stainless Steel Pipe Group Co's value of 1.91 is 87.3% above this benchmark. Historically, Jiangsu Wujin Stainless Steel Pipe Group Co's own Quick Ratio has ranged from 1.29 to 3.78 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.02, Jiangsu Wujin Stainless Steel Pipe Group 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 Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 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. Jiangsu Wujin Stainless Steel Pipe Group Co's current Quick Ratio of 1.91 is 87.3% 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 Jiangsu Wujin Stainless Steel Pipe Group Co and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Wujin Stainless Steel Pipe Group Co's current Quick Ratio is 1.91, which is near median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Wujin Stainless Steel Pipe Group Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.05, compared to a current price of ¥4.87 — trading 19.5% below its estimated fair value. The current Quick Ratio is 1.91, which is near median its 10-year median of 1.87 and 87.3% above the Steel industry median of 1.02. Jiangsu Wujin Stainless Steel Pipe Group Co's overall GF Score™ is 79/100 with 6 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 Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878), the current Quick Ratio is 1.91 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 Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Wujin Stainless Steel Pipe Group Co stock appears to be undervalued.
The current stock price of ¥4.87 is trading 19.5% below its estimated GF Value™ of ¥6.05.
GuruFocus considers Jiangsu Wujin Stainless Steel Pipe Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603878:
Quick Ratio: 1.91 (near median its 10-year median of 1.87)
GF Value™: ¥6.05 vs. price of ¥4.87 (19.5% below fair value)
Industry Position: 87.3% above the Steel median (#166 of 634)
No single metric tells the full story. See the SHSE:603878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Wujin Stainless Steel Pipe Group Co Business Description
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