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Shenzhen Fortune Trend Technology Co (SHSE:688318) 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.
Shenzhen Fortune Trend Technology Co Quick Ratio Related Terms
Shenzhen Fortune Trend 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.
Shenzhen Fortune Trend Technology Co Quick Ratio Chart
SHSE:688318 vs QH, SHOP, UBER: Quick Ratio Comparison
For the Software - Application subindustry, Shenzhen Fortune Trend 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.
Shenzhen Fortune Trend Technology Co Quick Ratio vs Software Industry
Shenzhen Fortune Trend 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.
Shenzhen Fortune Trend Technology Co (SHSE:688318) has a Quick Ratio of 15.24 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Shenzhen Fortune Trend Technology Co and its competitors. This is near median its historical median of 15.24. Over the past decade, Shenzhen Fortune Trend Technology Co's Quick Ratio has ranged from 7.07 to 32.81. According to the industry distribution chart, Shenzhen Fortune Trend Technology Co ranks #65 out of 2879 companies in the Software industry, placing it in the top 2.3%.
Is Shenzhen Fortune Trend Technology Co's Quick Ratio too high?
Shenzhen Fortune Trend Technology Co's current Quick Ratio of 15.24 is near median its 10-year median of 15.24. Over the past 10 years, this metric has ranged from a low of 7.07 to a high of 32.81. The Software industry median Quick Ratio is 1.69. Shenzhen Fortune Trend Technology Co's value of 15.24 is 801.8% above this industry median. Based on the distribution chart, Shenzhen Fortune Trend Technology Co ranks #65 out of 2879 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Shenzhen Fortune Trend Technology Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Fortune Trend Technology Co's Quick Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Shenzhen Fortune Trend Technology Co ranks #65 out of 2879 companies for Quick Ratio. This places Shenzhen Fortune Trend Technology Co in the top 2% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.69. Shenzhen Fortune Trend Technology Co's value of 15.24 is 801.8% above this benchmark. Historically, Shenzhen Fortune Trend Technology Co's own Quick Ratio has ranged from 7.07 to 32.81 over the past decade. While the company's 10-year median is 15.24 vs. the industry median of 1.69, Shenzhen Fortune Trend 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 Software company?
The median Quick Ratio among Software companies is 1.69, based on 2,879 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. Shenzhen Fortune Trend Technology Co's current Quick Ratio of 15.24 is 801.8% 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 Shenzhen Fortune Trend Technology Co and its competitors. For the Software industry, the median Quick Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Fortune Trend Technology Co's current Quick Ratio is 15.24, which is near median its own 10-year median of 15.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Fortune Trend Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Fortune Trend Technology Co (SHSE:688318) is currently considered Fairly Valued. The stock's GF Value™ is ¥74.40, compared to a current price of ¥81.46 — trading 9.5% above its estimated fair value. The current Quick Ratio is 15.24, which is near median its 10-year median of 15.24 and 801.8% above the Software industry median of 1.69. Shenzhen Fortune Trend Technology Co's overall GF Score™ is 94/100 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 Shenzhen Fortune Trend Technology Co (SHSE:688318), the current Quick Ratio is 15.24 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 Shenzhen Fortune Trend Technology Co (SHSE:688318) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Fortune Trend Technology Co stock appears to be overvalued.
The current stock price of ¥81.46 is trading 9.5% above its estimated GF Value™ of ¥74.40.
GuruFocus considers Shenzhen Fortune Trend Technology Co to be Fairly Valued.
Key valuation signals for SHSE:688318:
Quick Ratio: 15.24 (near median its 10-year median of 15.24)
GF Value™: ¥74.40 vs. price of ¥81.46 (9.5% above fair value)
Industry Position: 801.8% above the Software median (#65 of 2879)
No single metric tells the full story. See the SHSE:688318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others.
94GF Score
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