* 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 Sam Woo Construction Group's Quick Ratio
For the Engineering & Construction subindustry, Sam Woo Construction Group'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.
Sam Woo Construction Group's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Sam Woo Construction Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sam Woo Construction Group's Quick Ratio falls into.
Sam Woo Construction Group 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.
Sam Woo Construction Group (HKSE:03822) 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.
Sam Woo Construction Group Quick Ratio Related Terms
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Sam Woo Construction Group (HKSE:03822) Business Description
Sam Woo Construction Group Ltd is engaged in the construction business. The core business of the company is to provide foundation works including the construction of bored piles, rock socketed H-piles and excavation and lateral support works and ancillary services, including site investigation and removal of installed piles. Foundation and ancillary services are the only segments in which the company operates its business and it generates revenue from the same. Geographically, it operates and generates revenue from Hong Kong.
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