Shin Zu Shing Co has a quick ratio of 2.05. It generally indicates good short-term financial strength.
The historical rank and industry rank for Shin Zu Shing Co's Quick Ratio or its related term are showing as below:
TPE:3376'
s Quick Ratio Range Over the Past 10 Years
Min: 1.66 Med: 2.22 Max: 3.42
Current: 2.05
During the past 13 years, Shin Zu Shing Co's highest Quick Ratio was 3.42. The lowest was 1.66. And the median was 2.22.
TPE:3376's Quick Ratio is ranked better than 69.81% of 3031
companies
in the Industrial Products industry
Industry Median: 1.4
vs TPE:3376: 2.05
Shin Zu Shing Co Quick Ratio Historical Data
The historical data trend for Shin Zu Shing Co's Quick Ratio can be seen below:
* 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 Shin Zu Shing Co's Quick Ratio
For the Metal Fabrication subindustry, Shin Zu Shing 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.
Shin Zu Shing Co's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shin Zu Shing Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Shin Zu Shing Co's Quick Ratio falls into.
Shin Zu Shing 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.
Shin Zu Shing Co's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Shin Zu Shing Co (TPE:3376) 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.
Shin Zu Shing Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Shin Zu Shing Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Shin Zu Shing Co Ltd makes springs, stamped parts, and hinges for communication, computer, and consumer products. It produces various types of springs, and use automated machines to design stronger, longer-lasting, and high-quality components. Research and development enhances design, improves molding techniques, and creates innovative measurement strategies to produce durable products. A fabrication process produces hinges for laptops, monitors, cameras, cellphones, and other technology components. The company's sensor-control systems maintain accurate specifications, critical wire length, and angular relationships to create the end products. Customer feedback provides Shin Zu Shing the opportunity to tweak quality testing and produce customized solutions.
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