TPE:3006's Quick Ratio is ranked worse than 64.65% of 1027
companies
in the Semiconductors industry
Industry Median: 1.85
vs TPE:3006: 1.30
Elite Semiconductor Microelectronics Tech (TPE:3006) 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.
Elite Semiconductor Microelectronics Tech Quick Ratio Related Terms
Elite Semiconductor Microelectronics Tech 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.
Elite Semiconductor Microelectronics Tech Quick Ratio Chart
Elite Semiconductor Microelectronics Tech Annual Data
TPE:3006 vs NVDA, AVGO, MU: Quick Ratio Comparison
For the Semiconductors subindustry, Elite Semiconductor Microelectronics Tech'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.
Elite Semiconductor Microelectronics Tech Quick Ratio vs Semiconductors Industry
Elite Semiconductor Microelectronics Tech 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.
Elite Semiconductor Microelectronics Tech (TPE:3006) has a Quick Ratio of 1.30 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Elite Semiconductor Microelectronics Tech and its competitors. This is near median its historical median of 1.34. Over the past decade, Elite Semiconductor Microelectronics Tech's Quick Ratio has ranged from 0.89 to 2.02. According to the industry distribution chart, Elite Semiconductor Microelectronics Tech ranks #664 out of 1027 companies in the Semiconductors industry, placing it in the top 64.7%.
Is Elite Semiconductor Microelectronics Tech's Quick Ratio too high?
Elite Semiconductor Microelectronics Tech's current Quick Ratio of 1.30 is near median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 2.02. The Semiconductors industry median Quick Ratio is 1.85. Elite Semiconductor Microelectronics Tech's value of 1.30 is 29.7% below this industry median. Based on the distribution chart, Elite Semiconductor Microelectronics Tech ranks #664 out of 1027 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Elite Semiconductor Microelectronics Tech has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Semiconductor Microelectronics Tech's Quick Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Elite Semiconductor Microelectronics Tech ranks #664 out of 1027 companies for Quick Ratio. This places Elite Semiconductor Microelectronics Tech in the lower half of its industry. The industry median Quick Ratio is 1.85. Elite Semiconductor Microelectronics Tech's value of 1.30 is 29.7% below this benchmark. Historically, Elite Semiconductor Microelectronics Tech's own Quick Ratio has ranged from 0.89 to 2.02 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.85, Elite Semiconductor Microelectronics Tech 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 a Semiconductors company?
The median Quick Ratio among Semiconductors companies is 1.85, based on 1,027 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. Elite Semiconductor Microelectronics Tech's current Quick Ratio of 1.30 is 29.7% 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 Elite Semiconductor Microelectronics Tech and its competitors. For the Semiconductors industry, the median Quick Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Semiconductor Microelectronics Tech's current Quick Ratio is 1.30, which is near median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Semiconductor Microelectronics Tech stock overvalued right now?
Based on GuruFocus' analysis, Elite Semiconductor Microelectronics Tech (TPE:3006) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$85.25, compared to a current price of NT$237.00 — trading 178% above its estimated fair value. The current Quick Ratio is 1.30, which is near median its 10-year median of 1.34 and 29.7% below the Semiconductors industry median of 1.85. Elite Semiconductor Microelectronics Tech's overall GF Score™ is 52/100 with 9 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 Elite Semiconductor Microelectronics Tech (TPE:3006), the current Quick Ratio is 1.30 as of Dec. 2025. 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 Elite Semiconductor Microelectronics Tech (TPE:3006) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Semiconductor Microelectronics Tech stock appears to be overvalued.
The current stock price of NT$237.00 is trading 178% above its estimated GF Value™ of NT$85.25.
GuruFocus considers Elite Semiconductor Microelectronics Tech to be Significantly Overvalued.
Key valuation signals for TPE:3006:
Quick Ratio: 1.30 (near median its 10-year median of 1.34)
GF Value™: NT$85.25 vs. price of NT$237.00 (178% above fair value)
Industry Position: 29.7% below the Semiconductors median (#664 of 1027)
No single metric tells the full story. See the TPE:3006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Semiconductor Microelectronics Tech Business Description
Elite Semiconductor Microelectronics Tech Inc is a Taiwan-based company engaged in the design of memory-integrated circuit boards. The company generates part of its revenue domestically, with the majority of revenue earned in the Asia region outside Taiwan. The company designs, manufactures, markets, and produces dynamic random-access memory, static random-access memory, and flash memory. Products are used in applications such as personal computer storage, portable electronic devices, communication devices, mobile phones, and servers.
52GF Score
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