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SHSE:688377's Quick Ratio is ranked better than 53.56% of 1012
companies
in the Oil & Gas industry
Industry Median: 1.11
vs SHSE:688377: 1.19
Nanjing Develop Advanced Manufacturing Co (SHSE:688377) 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.
Nanjing Develop Advanced Manufacturing Co Quick Ratio Related Terms
Nanjing Develop Advanced Manufacturing 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.
Nanjing Develop Advanced Manufacturing Co Quick Ratio Chart
Nanjing Develop Advanced Manufacturing Co Annual Data
SHSE:688377 vs SLB, BKR, HAL: Quick Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, Nanjing Develop Advanced Manufacturing 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.
Nanjing Develop Advanced Manufacturing Co Quick Ratio vs Oil & Gas Industry
Nanjing Develop Advanced Manufacturing 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.
Nanjing Develop Advanced Manufacturing Co (SHSE:688377) has a Quick Ratio of 1.19 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Nanjing Develop Advanced Manufacturing Co and its competitors. This is near median its historical median of 1.30. Over the past decade, Nanjing Develop Advanced Manufacturing Co's Quick Ratio has ranged from 0.64 to 3.92. According to the industry distribution chart, Nanjing Develop Advanced Manufacturing Co ranks #470 out of 1012 companies in the Oil & Gas industry, placing it in the top 46.4%.
Is Nanjing Develop Advanced Manufacturing Co's Quick Ratio too high?
Nanjing Develop Advanced Manufacturing Co's current Quick Ratio of 1.19 is near median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 3.92. The Oil & Gas industry median Quick Ratio is 1.11. Nanjing Develop Advanced Manufacturing Co's value of 1.19 is 7.2% above this industry median. Based on the distribution chart, Nanjing Develop Advanced Manufacturing Co ranks #470 out of 1012 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Nanjing Develop Advanced Manufacturing 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 Nanjing Develop Advanced Manufacturing Co's Quick Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Nanjing Develop Advanced Manufacturing Co ranks #470 out of 1012 companies for Quick Ratio. This puts Nanjing Develop Advanced Manufacturing Co in the upper half of its industry. The industry median Quick Ratio is 1.11. Nanjing Develop Advanced Manufacturing Co's value of 1.19 is 7.2% above this benchmark. Historically, Nanjing Develop Advanced Manufacturing Co's own Quick Ratio has ranged from 0.64 to 3.92 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.11, Nanjing Develop Advanced Manufacturing 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 an Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.11, based on 1,012 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. Nanjing Develop Advanced Manufacturing Co's current Quick Ratio of 1.19 is 7.2% 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 Nanjing Develop Advanced Manufacturing Co and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nanjing Develop Advanced Manufacturing Co's current Quick Ratio is 1.19, which is near median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanjing Develop Advanced Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Nanjing Develop Advanced Manufacturing Co (SHSE:688377) is currently considered Fairly Valued. The stock's GF Value™ is ¥22.84, compared to a current price of ¥20.84 — trading 8.8% below its estimated fair value. The current Quick Ratio is 1.19, which is near median its 10-year median of 1.30 and 7.2% above the Oil & Gas industry median of 1.11. Nanjing Develop Advanced Manufacturing Co's overall GF Score™ is 94/100 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 Nanjing Develop Advanced Manufacturing Co (SHSE:688377), the current Quick Ratio is 1.19 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 Nanjing Develop Advanced Manufacturing Co (SHSE:688377) Overvalued in 2026?
Based on GuruFocus' analysis, Nanjing Develop Advanced Manufacturing Co stock appears to be undervalued.
The current stock price of ¥20.84 is trading 8.8% below its estimated GF Value™ of ¥22.84.
GuruFocus considers Nanjing Develop Advanced Manufacturing Co to be Fairly Valued.
Key valuation signals for SHSE:688377:
Quick Ratio: 1.19 (near median its 10-year median of 1.30)
GF Value™: ¥22.84 vs. price of ¥20.84 (8.8% below fair value)
Industry Position: 7.2% above the Oil & Gas median (#470 of 1012)
No single metric tells the full story. See the SHSE:688377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nanjing Develop Advanced Manufacturing Co Business Description
Nanjing Develop Advanced Manufacturing Co Ltd is engaged in production and sales of special parts for oil and gas equipment. The company manufactures and sells petroleum and natural gas mining equipment and components, components and high-pressure valves, offshore engineering mining equipment and components.
94GF Score
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