GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Changchun BCHT Biotechnology Co (SHSE:688276) » Definitions » Quick Ratio

Changchun BCHT Biotechnology Co (SHSE:688276) Quick Ratio : 1.85 (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Changchun BCHT Biotechnology Co Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Changchun BCHT Biotechnology Co's quick ratio for the quarter that ended in Sep. 2024 was 1.85.

Changchun BCHT Biotechnology Co has a quick ratio of 1.85. It generally indicates good short-term financial strength.

The historical rank and industry rank for Changchun BCHT Biotechnology Co's Quick Ratio or its related term are showing as below:

SHSE:688276' s Quick Ratio Range Over the Past 10 Years
Min: 0.74   Med: 2.01   Max: 3.11
Current: 1.85

During the past 7 years, Changchun BCHT Biotechnology Co's highest Quick Ratio was 3.11. The lowest was 0.74. And the median was 2.01.

SHSE:688276's Quick Ratio is ranked better than
61.26% of 1035 companies
in the Drug Manufacturers industry
Industry Median: 1.4 vs SHSE:688276: 1.85

Changchun BCHT Biotechnology Co Quick Ratio Historical Data

The historical data trend for Changchun BCHT Biotechnology Co's Quick Ratio can be seen below:

* 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.

* Premium members only.

Changchun BCHT Biotechnology Co Quick Ratio Chart

Changchun BCHT Biotechnology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 1.11 1.58 2.60 2.60 2.02

Changchun BCHT Biotechnology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 2.02 2.03 1.99 1.85

Competitive Comparison of Changchun BCHT Biotechnology Co's Quick Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Changchun BCHT Biotechnology 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.


Changchun BCHT Biotechnology Co's Quick Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Changchun BCHT Biotechnology Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Changchun BCHT Biotechnology Co's Quick Ratio falls into.



Changchun BCHT Biotechnology 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.

Changchun BCHT Biotechnology Co's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2244.614-199.018)/1014.866
=2.02

Changchun BCHT Biotechnology Co's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2174.56-197.27)/1066.781
=1.85

* 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.


Changchun BCHT Biotechnology Co  (SHSE:688276) 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.


Changchun BCHT Biotechnology Co Quick Ratio Related Terms

Thank you for viewing the detailed overview of Changchun BCHT Biotechnology Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Changchun BCHT Biotechnology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1260, Huoju Road, High-tech Development Zone, Jilin Province, Changchun, CHN, 130012
Changchun BCHT Biotechnology Co is a biopharmaceutical enterprise specializing in the research and development, production and sales of human vaccines.
Executives
Shi Nian Min Core technical personnel
Jiang Chun Lai Directors, senior managers, core technical personn
Zhu Chang Lin Core technical personnel
Wei Wei Senior management, core technical personnel
Yu Bing senior management
Liu Da Wei Senior management, core technical personnel
Meng Zhao Feng senior management
Zhang Zhe senior management
Kong Wei Directors, senior managers, core technical personn
Feng Da Qiang Supervisors

Changchun BCHT Biotechnology Co Headlines

No Headlines