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Prime Oil Chemical Service (TPE:2904) 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.
Prime Oil Chemical Service Quick Ratio Related Terms
Prime Oil Chemical Service 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.
For the Oil & Gas Equipment & Services subindustry, Prime Oil Chemical Service'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.
Prime Oil Chemical Service Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Prime Oil Chemical Service's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Prime Oil Chemical Service's Quick Ratio falls into.
Prime Oil Chemical Service 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.
Prime Oil Chemical Service (TPE:2904) has a Quick Ratio of 0.87 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Prime Oil Chemical Service and its competitors. This is near median its historical median of 0.95. Over the past decade, Prime Oil Chemical Service's Quick Ratio has ranged from 0.32 to 6.17. According to the industry distribution chart, Prime Oil Chemical Service ranks #657 out of 1025 companies in the Oil & Gas industry, placing it in the top 64.1%.
Is Prime Oil Chemical Service's Quick Ratio too high?
Prime Oil Chemical Service's current Quick Ratio of 0.87 is near median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 6.17. The Oil & Gas industry median Quick Ratio is 1.13. Prime Oil Chemical Service's value of 0.87 is 23% below this industry median. Based on the distribution chart, Prime Oil Chemical Service ranks #657 out of 1025 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Prime Oil Chemical Service has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Prime Oil Chemical Service's Quick Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Prime Oil Chemical Service ranks #657 out of 1025 companies for Quick Ratio. This places Prime Oil Chemical Service in the lower half of its industry. The industry median Quick Ratio is 1.13. Prime Oil Chemical Service's value of 0.87 is 23% below this benchmark. Historically, Prime Oil Chemical Service's own Quick Ratio has ranged from 0.32 to 6.17 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 1.13, Prime Oil Chemical Service 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 Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.13, based on 1,025 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. Prime Oil Chemical Service's current Quick Ratio of 0.87 is 23% 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 Prime Oil Chemical Service and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prime Oil Chemical Service's current Quick Ratio is 0.87, which is near median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prime Oil Chemical Service stock overvalued right now?
Based on GuruFocus' analysis, Prime Oil Chemical Service (TPE:2904) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.00, compared to a current price of NT$12.75 — trading 25% below its estimated fair value. The current Quick Ratio is 0.87, which is near median its 10-year median of 0.95 and 23% below the Oil & Gas industry median of 1.13. Prime Oil Chemical Service's overall GF Score™ is 71/100 with 7 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 Prime Oil Chemical Service (TPE:2904), the current Quick Ratio is 0.87 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 Prime Oil Chemical Service (TPE:2904) Overvalued in 2026?
Based on GuruFocus' analysis, Prime Oil Chemical Service stock appears to be undervalued.
The current stock price of NT$12.75 is trading 25% below its estimated GF Value™ of NT$17.00.
GuruFocus considers Prime Oil Chemical Service to be Modestly Undervalued.
Key valuation signals for TPE:2904:
Quick Ratio: 0.87 (near median its 10-year median of 0.95)
GF Value™: NT$17.00 vs. price of NT$12.75 (25% below fair value)
Industry Position: 23% below the Oil & Gas median (#657 of 1025)
No single metric tells the full story. See the TPE:2904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Prime Oil Chemical Service Corp is engaged in providing tank terminal services for oil and petrochemical storage, and the energy division. The firm also offers port facilities and ancillary equipment. The Company is engaged in chemical, oil tank storage and delivery services, and solar power generation business.
71GF Score
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