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Yealink Network Technology Quick Ratio

: 12.07 (As of Sep. 2019)
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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. Yealink Network Technology's quick ratio for the quarter that ended in Sep. 2019 was 12.07.

Yealink Network Technology has a quick ratio of 12.07. It generally indicates good short-term financial strength.

SZSE:300628' s Quick Ratio Range Over the Past 10 Years
Min: 2.05   Max: 24.97
Current: 12.07

2.05
24.97

During the past 7 years, Yealink Network Technology's highest Quick Ratio was 24.97. The lowest was 2.05. And the median was 12.86.

SZSE:300628's Quick Ratio is ranked higher than
98% of the 2249 Companies
in the Hardware industry.

( Industry Median: 1.42 vs. SZSE:300628: 12.07 )

Yealink Network Technology Quick Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Yealink Network Technology Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Quick Ratio Premium Member Only Premium Member Only 2.30 4.61 7.00 18.08 13.64

Yealink Network Technology Quarterly Data
Dec12 Dec13 Dec14 Mar15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.91 13.64 18.23 6.68 12.07

Competitive Comparison
* 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.


Yealink Network Technology Quick Ratio Distribution

* The bar in red indicates where Yealink Network Technology's Quick Ratio falls into.



Yealink Network Technology 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.

Yealink Network Technology's Quick Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Quick Ratio (A: Dec. 2018 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3600.109-197.394)/249.488
=13.64

Yealink Network Technology's Quick Ratio for the quarter that ended in Sep. 2019 is calculated as

Quick Ratio (Q: Sep. 2019 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(4276.192-222.196)/335.773
=12.07

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Yealink Network Technology  (SZSE:300628) 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.


Yealink Network Technology Quick Ratio Related Terms


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