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Zhejiang He Chuan Technology has a quick ratio of 1.22. It generally indicates good short-term financial strength.
The historical rank and industry rank for Zhejiang He Chuan Technology's Quick Ratio or its related term are showing as below:
SHSE:688320'
s Quick Ratio Range Over the Past 10 Years
Min: 1.22 Med: 1.77 Max: 2.82
Current: 1.22
During the past 8 years, Zhejiang He Chuan Technology's highest Quick Ratio was 2.82. The lowest was 1.22. And the median was 1.77.
SHSE:688320's Quick Ratio is ranked worse than 59.89% of 2498
companies
in the Hardware industry
Industry Median: 1.46
vs SHSE:688320: 1.22
Zhejiang He Chuan Technology (SHSE:688320) 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.
Zhejiang He Chuan Technology Quick Ratio Related Terms
Zhejiang He Chuan Technology 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:688320 vs SNDK, DELL, STX: Quick Ratio Comparison
For the Computer Hardware subindustry, Zhejiang He Chuan Technology'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.
Zhejiang He Chuan Technology Quick Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Zhejiang He Chuan Technology's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang He Chuan Technology's Quick Ratio falls into.
Zhejiang He Chuan Technology 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.
Zhejiang He Chuan Technology (SHSE:688320) has a Quick Ratio of 1.22 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Zhejiang He Chuan Technology and its competitors. This is 31% below median its historical median of 1.77. Over the past decade, Zhejiang He Chuan Technology's Quick Ratio has ranged from 1.22 to 2.82. According to the industry distribution chart, Zhejiang He Chuan Technology ranks #1496 out of 2498 companies in the Hardware industry, placing it in the top 59.9%.
Is Zhejiang He Chuan Technology's Quick Ratio too high?
Zhejiang He Chuan Technology's current Quick Ratio of 1.22 is 31% below median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 2.82. The Hardware industry median Quick Ratio is 1.46. Zhejiang He Chuan Technology's value of 1.22 is 16.4% below this industry median. Based on the distribution chart, Zhejiang He Chuan Technology ranks #1496 out of 2498 companies in the Hardware industry, which is below the industry midpoint. Overall, Zhejiang He Chuan Technology has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang He Chuan Technology's Quick Ratio compare to SNDK and DELL?
According to the Hardware industry distribution chart, Zhejiang He Chuan Technology ranks #1496 out of 2498 companies for Quick Ratio. This places Zhejiang He Chuan Technology in the lower half of its industry. The industry median Quick Ratio is 1.46. Zhejiang He Chuan Technology's value of 1.22 is 16.4% below this benchmark. Historically, Zhejiang He Chuan Technology's own Quick Ratio has ranged from 1.22 to 2.82 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 1.46, Zhejiang He Chuan Technology has consistently been below 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 Hardware company?
The median Quick Ratio among Hardware companies is 1.46, based on 2,498 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. Zhejiang He Chuan Technology's current Quick Ratio of 1.22 is 16.4% below 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 Zhejiang He Chuan Technology and its competitors. For the Hardware industry, the median Quick Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang He Chuan Technology's current Quick Ratio is 1.22, which is 31% below median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang He Chuan Technology stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang He Chuan Technology (SHSE:688320) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥42.41, compared to a current price of ¥26.75 — trading 36.9% below its estimated fair value. The current Quick Ratio is 1.22, which is 31% below median its 10-year median of 1.77 and 16.4% below the Hardware industry median of 1.46. Zhejiang He Chuan Technology's overall GF Score™ is 70/100 with 4 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 Zhejiang He Chuan Technology (SHSE:688320), the current Quick Ratio is 1.22 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 Zhejiang He Chuan Technology (SHSE:688320) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang He Chuan Technology stock appears to be undervalued.
The current stock price of ¥26.75 is trading 36.9% below its estimated GF Value™ of ¥42.41.
GuruFocus considers Zhejiang He Chuan Technology to be Significantly Undervalued.
Key valuation signals for SHSE:688320:
Quick Ratio: 1.22 (31% below median its 10-year median of 1.77)
GF Value™: ¥42.41 vs. price of ¥26.75 (36.9% below fair value)
Industry Position: 16.4% below the Hardware median (#1496 of 2498)
No single metric tells the full story. See the SHSE:688320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang He Chuan Technology Corp Ltd is engaged in the research and development, production, sales and application integration of industrial automation products. The company provides information such as Programmable logic controllers (PLCs), Servo systems (servo drives and servo motors), Touch screens, frequency inverters, Control sensors and motion-control chips, CNC multi-axis controllers, robotic controllers, linear modules, and vision systems.
70GF Score
Get the complete analysis for SHSE:688320
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