* 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.
Competitive Comparison of Shenzhen Sunwin Intelligent Co's Quick Ratio
For the Software - Application subindustry, Shenzhen Sunwin Intelligent 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 Sunwin Intelligent Co's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Shenzhen Sunwin Intelligent Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Shenzhen Sunwin Intelligent Co's Quick Ratio falls into.
Shenzhen Sunwin Intelligent 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 Sunwin Intelligent Co (SZSE:300044) 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 Sunwin Intelligent Co Quick Ratio Related Terms
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Shenzhen Sunwin Intelligent Co Business Description
No. 3156, Keyuan South Road, Yuehai Street, Floor 25, Block A, Building 2, High-tech Zone Community, Shenzhen Bay Innovation and Technology Center, Nanshan District, Guangdong, Shenzhen, CHN, 518057
Shenzhen Sunwin Intelligent Co Ltd is a China-based company engaged in the provision of intelligent systems solutions. The company offers intelligent systems solutions in railway transportation, house construction, and energy-efficient lighting industries. The business of the company covers four sectors, smart city, big data, artificial intelligence, and cultural and education. The business scope in the field of artificial intelligence mainly includes service robots, unmanned aerial vehicle, face recognition, smart video analysis systems, and others.
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