* 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 Yieh Phui Enterprise Co's Quick Ratio
For the Steel subindustry, Yieh Phui Enterprise 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.
Yieh Phui Enterprise Co's Quick Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Yieh Phui Enterprise Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Yieh Phui Enterprise Co's Quick Ratio falls into.
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.
Yieh Phui Enterprise Co's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Yieh Phui Enterprise Co (TPE:2023) 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.
Yieh Phui Enterprise Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Yieh Phui Enterprise Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Yieh Phui Enterprise Co Ltd is engaged mainly in the processing, manufacturing marketing and import/export trading of rolled steel coils, refined steel, molded steel, steel/iron wires, and galvanized/pre-painted/surface-treated metals. The company's segments include Steel coils and steel pipes, Construction, Wire rods, and Others. The majority of revenue is generated from Steel coils and steel pipes. Geographically, the company operates in Taiwan, the USA, Asia, Europe, and others.
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