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Hefei I-TEK OptoElectronics Co (SHSE:688610) 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.
Hefei I-TEK OptoElectronics Co Quick Ratio Related Terms
Hefei I-TEK OptoElectronics 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.
SHSE:688610 vs APH, GLW, TEL: Quick Ratio Comparison
For the Electronic Components subindustry, Hefei I-TEK OptoElectronics 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.
Hefei I-TEK OptoElectronics Co Quick Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Hefei I-TEK OptoElectronics Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Hefei I-TEK OptoElectronics Co's Quick Ratio falls into.
Hefei I-TEK OptoElectronics 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.
Hefei I-TEK OptoElectronics Co (SHSE:688610) has a Quick Ratio of 3.89 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Hefei I-TEK OptoElectronics Co and its competitors. This is 22% below median its historical median of 4.97. Over the past decade, Hefei I-TEK OptoElectronics Co's Quick Ratio has ranged from 1.40 to 20.70. According to the industry distribution chart, Hefei I-TEK OptoElectronics Co ranks #328 out of 2503 companies in the Hardware industry, placing it in the top 13.1%.
Is Hefei I-TEK OptoElectronics Co's Quick Ratio too high?
Hefei I-TEK OptoElectronics Co's current Quick Ratio of 3.89 is 22% below median its 10-year median of 4.97. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 20.70. The Hardware industry median Quick Ratio is 1.39. Hefei I-TEK OptoElectronics Co's value of 3.89 is 179.9% above this industry median. Based on the distribution chart, Hefei I-TEK OptoElectronics Co ranks #328 out of 2503 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hefei I-TEK OptoElectronics Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hefei I-TEK OptoElectronics Co's Quick Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Hefei I-TEK OptoElectronics Co ranks #328 out of 2503 companies for Quick Ratio. This places Hefei I-TEK OptoElectronics Co in the top 13% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.39. Hefei I-TEK OptoElectronics Co's value of 3.89 is 179.9% above this benchmark. Historically, Hefei I-TEK OptoElectronics Co's own Quick Ratio has ranged from 1.40 to 20.70 over the past decade. While the company's 10-year median is 4.97 vs. the industry median of 1.39, Hefei I-TEK OptoElectronics 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 Hardware company?
The median Quick Ratio among Hardware companies is 1.39, based on 2,503 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. Hefei I-TEK OptoElectronics Co's current Quick Ratio of 3.89 is 179.9% 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 Hefei I-TEK OptoElectronics Co and its competitors. For the Hardware industry, the median Quick Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hefei I-TEK OptoElectronics Co's current Quick Ratio is 3.89, which is 22% below median its own 10-year median of 4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hefei I-TEK OptoElectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Hefei I-TEK OptoElectronics Co (SHSE:688610) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥102.41, compared to a current price of ¥149.46 — trading 45.9% above its estimated fair value. The current Quick Ratio is 3.89, which is 22% below median its 10-year median of 4.97 and 179.9% above the Hardware industry median of 1.39. Hefei I-TEK OptoElectronics Co's overall GF Score™ is 76/100 with 3 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 Hefei I-TEK OptoElectronics Co (SHSE:688610), the current Quick Ratio is 3.89 as of Jun. 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 Hefei I-TEK OptoElectronics Co (SHSE:688610) Overvalued in 2026?
Based on GuruFocus' analysis, Hefei I-TEK OptoElectronics Co stock appears to be overvalued.
The current stock price of ¥149.46 is trading 45.9% above its estimated GF Value™ of ¥102.41.
GuruFocus considers Hefei I-TEK OptoElectronics Co to be Significantly Overvalued.
Key valuation signals for SHSE:688610:
Quick Ratio: 3.89 (22% below median its 10-year median of 4.97)
GF Value™: ¥102.41 vs. price of ¥149.46 (45.9% above fair value)
Industry Position: 179.9% above the Hardware median (#328 of 2503)
No single metric tells the full story. See the SHSE:688610 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hefei I-TEK OptoElectronics Co Ltd is a national high-tech enterprise specializing in research & development, production and sales of high-end industrial imaging components. Echo Optoelectronics has always focused on technological innovation and adhered to the positioning of high-end products. It is a high-end domestic brand pioneer enterprise with independent innovation in the field of machine vision.
76GF Score
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