GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shenzhen Aisidi Co Ltd (SZSE:002416) » Definitions » Quick Ratio

Shenzhen Aisidi Co (SZSE:002416) Quick Ratio : 1.05 (As of Sep. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Shenzhen Aisidi Co Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Shenzhen Aisidi Co's quick ratio for the quarter that ended in Sep. 2024 was 1.05.

Shenzhen Aisidi Co has a quick ratio of 1.05. It generally indicates good short-term financial strength.

The historical rank and industry rank for Shenzhen Aisidi Co's Quick Ratio or its related term are showing as below:

SZSE:002416' s Quick Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.18   Max: 1.65
Current: 1.05

During the past 13 years, Shenzhen Aisidi Co's highest Quick Ratio was 1.65. The lowest was 0.92. And the median was 1.18.

SZSE:002416's Quick Ratio is ranked better than
60% of 1125 companies
in the Retail - Cyclical industry
Industry Median: 0.86 vs SZSE:002416: 1.05

Shenzhen Aisidi Co Quick Ratio Historical Data

The historical data trend for Shenzhen Aisidi Co's Quick Ratio can be seen below:

* 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.

* Premium members only.

Shenzhen Aisidi Co Quick Ratio Chart

Shenzhen Aisidi Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.29 1.29 0.93 0.95 1.16

Shenzhen Aisidi Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.21 1.16 1.03 1.15 1.05

Competitive Comparison of Shenzhen Aisidi Co's Quick Ratio

For the Specialty Retail subindustry, Shenzhen Aisidi 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 Aisidi Co's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shenzhen Aisidi Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Shenzhen Aisidi Co's Quick Ratio falls into.



Shenzhen Aisidi 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.

Shenzhen Aisidi Co's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(10423.613-3466.15)/6011.841
=1.16

Shenzhen Aisidi Co's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(13683.901-4111.06)/9157.221
=1.05

* 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 Aisidi Co  (SZSE:002416) 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 Aisidi Co Quick Ratio Related Terms

Thank you for viewing the detailed overview of Shenzhen Aisidi Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenzhen Aisidi Co Business Description

Traded in Other Exchanges
N/A
Address
Jinsong Building East Terra 20th Floor, Terra Avenue Futian District, Shenzhen, CHN, 518040
Shenzhen Aisidi Co Ltd is a China-based company. It engages in the distribution and retail of mobile phones and digital electronic products. The company has four business segments of intelligent terminal products, communication services, financial services and e-commerce platforms. Its products include mobile communication terminal products, digital electronic consumer products, communication services, mobile internet, and finance.
Executives
Huang Wen Hui Director
Liu Hong Hua Executives
Mi Ze Dong Directors, executives
Yang Zhi Executives
Chen Liang Executives
Zhou You Meng Directors, executives
Huang Shao Wu Director
Xia Xiao Hua Director
Liu Hao Executives
Chen Bei Directors, executives
Zhang Peng Supervisors
Guo Xu Yong Director

Shenzhen Aisidi Co Headlines

No Headlines