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Beijing Jingwei Hirain Technologies Co (SHSE:688326) Quick Ratio

: 1.29 (As of Sep. 2023)
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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Beijing Jingwei Hirain Technologies Co's quick ratio for the quarter that ended in Sep. 2023 was 1.29.

Beijing Jingwei Hirain Technologies Co has a quick ratio of 1.29. It generally indicates good short-term financial strength.

The historical rank and industry rank for Beijing Jingwei Hirain Technologies Co's Quick Ratio or its related term are showing as below:

SHSE:688326' s Quick Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.92   Max: 1.88
Current: 1.29

During the past 5 years, Beijing Jingwei Hirain Technologies Co's highest Quick Ratio was 1.88. The lowest was 0.64. And the median was 0.92.

SHSE:688326's Quick Ratio is ranked better than
62.11% of 1309 companies
in the Vehicles & Parts industry
Industry Median: 1.05 vs SHSE:688326: 1.29

Beijing Jingwei Hirain Technologies Co Quick Ratio Historical Data

The historical data trend for Beijing Jingwei Hirain Technologies 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.

* Premium members only.

Beijing Jingwei Hirain Technologies Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Quick Ratio
0.64 0.65 0.92 0.75 1.69

Beijing Jingwei Hirain Technologies Co Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.75 1.69 1.60 1.43 1.29

Competitive Comparison

For the Auto Parts subindustry, Beijing Jingwei Hirain Technologies 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.


Beijing Jingwei Hirain Technologies Co Quick Ratio Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Beijing Jingwei Hirain Technologies Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Jingwei Hirain Technologies Co's Quick Ratio falls into.



Beijing Jingwei Hirain Technologies 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.

Beijing Jingwei Hirain Technologies Co's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(6954.267-1567.482)/3193.881
=1.69

Beijing Jingwei Hirain Technologies Co's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(6615.938-1971.052)/3594.179
=1.29

* 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.


Beijing Jingwei Hirain Technologies Co  (SHSE:688326) 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.


Beijing Jingwei Hirain Technologies Co Quick Ratio Related Terms

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Beijing Jingwei Hirain Technologies Co (SHSE:688326) Business Description

Traded in Other Exchanges
N/A
Address
No. 14 Jiuxianqiao Road, 4th Floor, Building 1, Chaoyang District, Beijing, CHN, 100191
Beijing Jingwei Hirain Technologies Co Inc is engaged in providing electronic products, research and development services and solutions, and high-level intelligent driving overall solutions for customers in the fields of automobiles, high-end equipment, and unmanned transportation.

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