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SHSE:688050's Quick Ratio is ranked better than 61.43% of 853
companies
in the Medical Devices & Instruments industry
Industry Median: 1.89
vs SHSE:688050: 2.47
Eyebright Medical Technology (Beijing) Co (SHSE:688050) 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.
Eyebright Medical Technology (Beijing) Co Quick Ratio Related Terms
Eyebright Medical Technology (Beijing) 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.
Eyebright Medical Technology (Beijing) Co Quick Ratio Chart
Eyebright Medical Technology (Beijing) Co Annual Data
SHSE:688050 vs ISRG, BDX, MDLN: Quick Ratio Comparison
For the Medical Instruments & Supplies subindustry, Eyebright Medical Technology (Beijing) 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.
Eyebright Medical Technology (Beijing) Co Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Eyebright Medical Technology (Beijing) Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Eyebright Medical Technology (Beijing) Co's Quick Ratio falls into.
Eyebright Medical Technology (Beijing) 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.
Eyebright Medical Technology (Beijing) Co (SHSE:688050) has a Quick Ratio of 2.47 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Eyebright Medical Technology (Beijing) Co and its competitors. This is 64% below median its historical median of 6.90. Over the past decade, Eyebright Medical Technology (Beijing) Co's Quick Ratio has ranged from 2.09 to 34.65. According to the industry distribution chart, Eyebright Medical Technology (Beijing) Co ranks #329 out of 853 companies in the Medical Devices & Instruments industry, placing it in the top 38.6%.
Is Eyebright Medical Technology (Beijing) Co's Quick Ratio too high?
Eyebright Medical Technology (Beijing) Co's current Quick Ratio of 2.47 is 64% below median its 10-year median of 6.90. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 34.65. The Medical Devices & Instruments industry median Quick Ratio is 1.89. Eyebright Medical Technology (Beijing) Co's value of 2.47 is 30.7% above this industry median. Based on the distribution chart, Eyebright Medical Technology (Beijing) Co ranks #329 out of 853 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Eyebright Medical Technology (Beijing) Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eyebright Medical Technology (Beijing) Co's Quick Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Eyebright Medical Technology (Beijing) Co ranks #329 out of 853 companies for Quick Ratio. This puts Eyebright Medical Technology (Beijing) Co in the upper half of its industry. The industry median Quick Ratio is 1.89. Eyebright Medical Technology (Beijing) Co's value of 2.47 is 30.7% above this benchmark. Historically, Eyebright Medical Technology (Beijing) Co's own Quick Ratio has ranged from 2.09 to 34.65 over the past decade. While the company's 10-year median is 6.90 vs. the industry median of 1.89, Eyebright Medical Technology (Beijing) 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 Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.89, based on 853 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. Eyebright Medical Technology (Beijing) Co's current Quick Ratio of 2.47 is 30.7% 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 Eyebright Medical Technology (Beijing) Co and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eyebright Medical Technology (Beijing) Co's current Quick Ratio is 2.47, which is 64% below median its own 10-year median of 6.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eyebright Medical Technology (Beijing) Co stock overvalued right now?
Based on GuruFocus' analysis, Eyebright Medical Technology (Beijing) Co (SHSE:688050) is currently considered Possible Value Trap. The stock's GF Value™ is ¥112.14, compared to a current price of ¥41.49 — trading 63% below its estimated fair value. The current Quick Ratio is 2.47, which is 64% below median its 10-year median of 6.90 and 30.7% above the Medical Devices & Instruments industry median of 1.89. Eyebright Medical Technology (Beijing) Co's overall GF Score™ is 74/100 with 7 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 Eyebright Medical Technology (Beijing) Co (SHSE:688050), the current Quick Ratio is 2.47 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 Eyebright Medical Technology (Beijing) Co (SHSE:688050) Overvalued in 2026?
Based on GuruFocus' analysis, Eyebright Medical Technology (Beijing) Co stock appears to be undervalued.
The current stock price of ¥41.49 is trading 63% below its estimated GF Value™ of ¥112.14.
GuruFocus considers Eyebright Medical Technology (Beijing) Co to be Possible Value Trap.
Key valuation signals for SHSE:688050:
Quick Ratio: 2.47 (64% below median its 10-year median of 6.90)
GF Value™: ¥112.14 vs. price of ¥41.49 (63% below fair value)
Industry Position: 30.7% above the Medical Devices & Instruments median (#329 of 853)
No single metric tells the full story. See the SHSE:688050 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eyebright Medical Technology (Beijing) Co Business Description
Eyebright Medical Technology (Beijing) Co Ltd is engaged in research and development, production, sales and related services of ophthalmic medical devices. The company's product range includes Intraocular Lens; IOL Delivery System; Ophthalmic Instruments; Other Products; Literature; and Expert Interview.
74GF Score
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