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Chung-Hsin Electric & Machinery Mfg (TPE:1513) 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.
Chung-Hsin Electric & Machinery Mfg Quick Ratio Related Terms
Chung-Hsin Electric & Machinery Mfg 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.
Chung-Hsin Electric & Machinery Mfg Quick Ratio Chart
For the Specialty Industrial Machinery subindustry, Chung-Hsin Electric & Machinery Mfg'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.
Chung-Hsin Electric & Machinery Mfg Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chung-Hsin Electric & Machinery Mfg's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Chung-Hsin Electric & Machinery Mfg's Quick Ratio falls into.
Chung-Hsin Electric & Machinery Mfg 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.
Chung-Hsin Electric & Machinery Mfg (TPE:1513) has a Quick Ratio of 0.62 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Chung-Hsin Electric & Machinery Mfg and its competitors. This is 17% below median its historical median of 0.75. Over the past decade, Chung-Hsin Electric & Machinery Mfg's Quick Ratio has ranged from 0.50 to 1.01. According to the industry distribution chart, Chung-Hsin Electric & Machinery Mfg ranks #2768 out of 3072 companies in the Industrial Products industry, placing it in the top 90.1%.
Is Chung-Hsin Electric & Machinery Mfg's Quick Ratio too high?
Chung-Hsin Electric & Machinery Mfg's current Quick Ratio of 0.62 is 17% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.01. The Industrial Products industry median Quick Ratio is 1.39. Chung-Hsin Electric & Machinery Mfg's value of 0.62 is 55.2% below this industry median. Based on the distribution chart, Chung-Hsin Electric & Machinery Mfg ranks #2768 out of 3072 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Chung-Hsin Electric & Machinery Mfg has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chung-Hsin Electric & Machinery Mfg's Quick Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Chung-Hsin Electric & Machinery Mfg ranks #2768 out of 3072 companies for Quick Ratio. This places Chung-Hsin Electric & Machinery Mfg in the lower half of its industry. The industry median Quick Ratio is 1.39. Chung-Hsin Electric & Machinery Mfg's value of 0.62 is 55.2% below this benchmark. Historically, Chung-Hsin Electric & Machinery Mfg's own Quick Ratio has ranged from 0.50 to 1.01 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.39, Chung-Hsin Electric & Machinery Mfg has consistently been below 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 Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,072 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. Chung-Hsin Electric & Machinery Mfg's current Quick Ratio of 0.62 is 55.2% below 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 Chung-Hsin Electric & Machinery Mfg and its competitors. For the Industrial Products 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. Chung-Hsin Electric & Machinery Mfg's current Quick Ratio is 0.62, which is 17% below median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chung-Hsin Electric & Machinery Mfg stock overvalued right now?
Based on GuruFocus' analysis, Chung-Hsin Electric & Machinery Mfg (TPE:1513) is currently considered Fairly Valued. The stock's GF Value™ is NT$170.14, compared to a current price of NT$165.50 — trading 2.7% below its estimated fair value. The current Quick Ratio is 0.62, which is 17% below median its 10-year median of 0.75 and 55.2% below the Industrial Products industry median of 1.39. Chung-Hsin Electric & Machinery Mfg's overall GF Score™ is 96/100. 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 Chung-Hsin Electric & Machinery Mfg (TPE:1513), the current Quick Ratio is 0.62 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 Chung-Hsin Electric & Machinery Mfg (TPE:1513) Overvalued in 2026?
Based on GuruFocus' analysis, Chung-Hsin Electric & Machinery Mfg stock appears to be undervalued.
The current stock price of NT$165.50 is trading 2.7% below its estimated GF Value™ of NT$170.14.
GuruFocus considers Chung-Hsin Electric & Machinery Mfg to be Fairly Valued.
Key valuation signals for TPE:1513:
Quick Ratio: 0.62 (17% below median its 10-year median of 0.75)
GF Value™: NT$170.14 vs. price of NT$165.50 (2.7% below fair value)
Industry Position: 55.2% below the Industrial Products median (#2768 of 3072)
No single metric tells the full story. See the TPE:1513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chung-Hsin Electric & Machinery Mfg Corp is a manufacturer of power generation machinery and equipment and its related parts, air-conditioners, dehumidifiers, and meters. The company's products include chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers, and parking facilities, among others. Its operating segments include Electricity Power; Service and Engineering and others. The company generates maximum revenue from the Electricity Power segment.
96GF Score
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