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Shenzhen VMAX New Energy Group Co (SHSE:688612) 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 VMAX New Energy Group Co Quick Ratio Related Terms
Shenzhen VMAX New Energy Group 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 VMAX New Energy Group Co Quick Ratio Chart
SHSE:688612 vs ORLY, AZO, GPC: Quick Ratio Comparison
For the Auto Parts subindustry, Shenzhen VMAX New Energy Group 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 VMAX New Energy Group Co Quick Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shenzhen VMAX New Energy Group Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Shenzhen VMAX New Energy Group Co's Quick Ratio falls into.
Shenzhen VMAX New Energy Group 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 VMAX New Energy Group Co (SHSE:688612) has a Quick Ratio of 1.27 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Shenzhen VMAX New Energy Group Co and its competitors. This is near median its historical median of 1.18. Over the past decade, Shenzhen VMAX New Energy Group Co's Quick Ratio has ranged from 0.79 to 1.42. According to the industry distribution chart, Shenzhen VMAX New Energy Group Co ranks #505 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 37.9%.
Is Shenzhen VMAX New Energy Group Co's Quick Ratio too high?
Shenzhen VMAX New Energy Group Co's current Quick Ratio of 1.27 is near median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 1.42. The Vehicles & Parts industry median Quick Ratio is 1.04. Shenzhen VMAX New Energy Group Co's value of 1.27 is 22.1% above this industry median. Based on the distribution chart, Shenzhen VMAX New Energy Group Co ranks #505 out of 1332 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Shenzhen VMAX New Energy Group Co has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen VMAX New Energy Group Co's Quick Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shenzhen VMAX New Energy Group Co ranks #505 out of 1332 companies for Quick Ratio. This puts Shenzhen VMAX New Energy Group Co in the upper half of its industry. The industry median Quick Ratio is 1.04. Shenzhen VMAX New Energy Group Co's value of 1.27 is 22.1% above this benchmark. Historically, Shenzhen VMAX New Energy Group Co's own Quick Ratio has ranged from 0.79 to 1.42 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.04, Shenzhen VMAX New Energy Group 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 Vehicles & Parts company?
The median Quick Ratio among Vehicles & Parts companies is 1.04, based on 1,332 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 VMAX New Energy Group Co's current Quick Ratio of 1.27 is 22.1% 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 VMAX New Energy Group Co and its competitors. For the Vehicles & Parts industry, the median Quick Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen VMAX New Energy Group Co's current Quick Ratio is 1.27, which is near median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen VMAX New Energy Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen VMAX New Energy Group Co (SHSE:688612) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥33.15, compared to a current price of ¥38.78 — trading 17% above its estimated fair value. The current Quick Ratio is 1.27, which is near median its 10-year median of 1.18 and 22.1% above the Vehicles & Parts industry median of 1.04. Shenzhen VMAX New Energy Group Co's overall GF Score™ is 95/100 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 VMAX New Energy Group Co (SHSE:688612), the current Quick Ratio is 1.27 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 Shenzhen VMAX New Energy Group Co (SHSE:688612) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen VMAX New Energy Group Co stock appears to be overvalued.
The current stock price of ¥38.78 is trading 17% above its estimated GF Value™ of ¥33.15.
GuruFocus considers Shenzhen VMAX New Energy Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:688612:
Quick Ratio: 1.27 (near median its 10-year median of 1.18)
GF Value™: ¥33.15 vs. price of ¥38.78 (17% above fair value)
Industry Position: 22.1% above the Vehicles & Parts median (#505 of 1332)
No single metric tells the full story. See the SHSE:688612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen VMAX New Energy Group Co Ltd is engaged in Research and development, production, sales and technical services of power electronic products related to new energy vehicles. VMAX works with many automobile manufacturers to provide customers with high-quality automotive power domain products and efficient solutions, including but not limited to OBCs, DCDCs, inverters, gearboxes, Electric Vehicle Communication Controller (EVCC), Wireless Electric Vehicle Charging (WEVC) and so on.
95GF Score
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