FocalTech Systems Co has a quick ratio of 1.92. It generally indicates good short-term financial strength.
The historical rank and industry rank for FocalTech Systems Co's Quick Ratio or its related term are showing as below:
TPE:3545'
s Quick Ratio Range Over the Past 10 Years
Min: 1.19 Med: 2.09 Max: 2.68
Current: 1.92
During the past 13 years, FocalTech Systems Co's highest Quick Ratio was 2.68. The lowest was 1.19. And the median was 2.09.
TPE:3545's Quick Ratio is ranked worse than 50.15% of 1013
companies
in the Semiconductors industry
Industry Median: 1.93
vs TPE:3545: 1.92
FocalTech Systems Co Quick Ratio Historical Data
The historical data trend for FocalTech Systems 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 FocalTech Systems Co's Quick Ratio
For the Semiconductors subindustry, FocalTech Systems 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.
FocalTech Systems Co's Quick Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, FocalTech Systems Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where FocalTech Systems 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.
FocalTech Systems 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.
FocalTech Systems Co (TPE:3545) 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.
FocalTech Systems Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of FocalTech Systems Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
FocalTech Systems Co Ltd develops and manufactures human-machine interface solutions. Its products include touch panel controller integrated circuits and liquid crystal display, or LCD, driver integrated circuits for mobile devices. LCD product options accommodate various capacitive touchscreen panels that adopt an array of structures, processes, and materials. FocalTech's multitouch panel technology holds a multitude of different capabilities including mass-production adaptability, anti-interference capabilities, and individualized capabilities. These capabilities permit stable touch control, enhanced user experience, and the possibility of personalized applications. A network of global sales offices allows the company to offer its product portfolio in local service.
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