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Century Sunshine Group Holdings (HKSE:00509) Quick Ratio : 0.32 (As of Dec. 2023)


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What is Century Sunshine Group Holdings Quick Ratio?

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. Century Sunshine Group Holdings's quick ratio for the quarter that ended in Dec. 2023 was 0.32.

Century Sunshine Group Holdings has a quick ratio of 0.32. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Century Sunshine Group Holdings's Quick Ratio or its related term are showing as below:

HKSE:00509' s Quick Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.8   Max: 2.95
Current: 0.32

During the past 13 years, Century Sunshine Group Holdings's highest Quick Ratio was 2.95. The lowest was 0.16. And the median was 0.80.

HKSE:00509's Quick Ratio is ranked worse than
94.05% of 252 companies
in the Agriculture industry
Industry Median: 1.03 vs HKSE:00509: 0.32

Century Sunshine Group Holdings Quick Ratio Historical Data

The historical data trend for Century Sunshine Group Holdings'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.

Century Sunshine Group Holdings Quick Ratio Chart

Century Sunshine Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.44 0.29 0.16 0.32

Century Sunshine Group Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Quick Ratio Get a 7-Day Free Trial 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 0.29 0.20 0.16 0.14 0.32

Competitive Comparison of Century Sunshine Group Holdings's Quick Ratio

For the Agricultural Inputs subindustry, Century Sunshine Group Holdings'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.


Century Sunshine Group Holdings's Quick Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Century Sunshine Group Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Century Sunshine Group Holdings's Quick Ratio falls into.



Century Sunshine Group Holdings 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.

Century Sunshine Group Holdings's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(577.471-122.652)/1424.607
=0.32

Century Sunshine Group Holdings's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(577.471-122.652)/1424.607
=0.32

* 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.


Century Sunshine Group Holdings  (HKSE:00509) 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.


Century Sunshine Group Holdings Quick Ratio Related Terms

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Century Sunshine Group Holdings (HKSE:00509) Business Description

Traded in Other Exchanges
N/A
Address
16th Floor, Tower 5, The Gateway, Tsim Sha Tsui, Kowloon, Harbour City, HKG
Century Sunshine Group Holdings Ltd is an investment holding company. The company along with its subsidiaries is engaged in the magnesium products business, fertilizer business, and metallurgical flux business. The magnesium Product segment is engaged in the manufacture and sales of magnesium alloys. Metallurgical Flux segment is engaged in the sales of metallurgical flux, such as serpentine and the Fertilizer segment is engaged in the production and sales of fertilizers, including organic fertilizers and compound fertilizers. The revenue is mainly derived from China.

Century Sunshine Group Holdings (HKSE:00509) Headlines

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