SCE Intelligent Commercial Management Holdings (HKSE:00606) Quick Ratio : 3.15 (As of Dec. 2023)

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What is SCE Intelligent Commercial Management 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. SCE Intelligent Commercial Management Holdings's quick ratio for the quarter that ended in Dec. 2023 was 3.15.

SCE Intelligent Commercial Management Holdings has a quick ratio of 3.15. It generally indicates good short-term financial strength.

The historical rank and industry rank for SCE Intelligent Commercial Management Holdings's Quick Ratio or its related term are showing as below:

HKSE:00606' s Quick Ratio Range Over the Past 10 Years
Min: 1.25 Med: 2.52 Max: 4.93
Current: 3.15

During the past 6 years, SCE Intelligent Commercial Management Holdings's highest Quick Ratio was 4.93. The lowest was 1.25. And the median was 2.52.

HKSE:00606's Quick Ratio is ranked better than
86.51% of 1824 companies
in the Real Estate industry
Industry Median: 0.81 vs HKSE:00606: 3.15

SCE Intelligent Commercial Management Holdings Quick Ratio Historical Data

The historical data trend for SCE Intelligent Commercial Management 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.

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SCE Intelligent Commercial Management Holdings Quick Ratio Chart

SCE Intelligent Commercial Management Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.44

1.88

4.93

4.14

3.15

SCE Intelligent Commercial Management Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial					4.93	4.92	4.14	3.81	3.15

Competitive Comparison of SCE Intelligent Commercial Management Holdings's Quick Ratio

For the Real Estate Services subindustry, SCE Intelligent Commercial Management 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.

SCE Intelligent Commercial Management Holdings's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SCE Intelligent Commercial Management Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where SCE Intelligent Commercial Management Holdings's Quick Ratio falls into.

SCE Intelligent Commercial Management 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.

SCE Intelligent Commercial Management 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
	=	(2483.296	-	0)	/	787.287
	=	3.15

SCE Intelligent Commercial Management 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
	=	(2483.296	-	0)	/	787.287
	=	3.15

SCE Intelligent Commercial Management Holdings (HKSE:00606) 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.

SCE Intelligent Commercial Management Holdings Quick Ratio Related Terms

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SCE Intelligent Commercial Management Holdings (HKSE:00606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SCE Intelligent Commercial Management Holdings Ltd (HKSE:00606) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Lane 1688, Shenchang Road, 5th Floor, SCE Tower, Hongqiao Business District, Shanghai, CHN

Website

http://www.sce-icm.com

SCE Intelligent Commercial Management Holdings Ltd is a comprehensive property management service provider managing both commercial and residential properties in China. The company's property management portfolio includes approximately 60 cities across 19 provinces, municipalities, and autonomous regions in China.

Executives

Boc Hong Kong (holdings) Limited	2201 Interest of corporation controlled by you
Luso International Banking Limited	2401 A concert party to an agreement to buy shares
Nan Yang Shang Ye Yin Hang Zhong Guo You Xian Gong Si Shen Zhen Fen Hang	2401 A concert party to an agreement to buy shares
Guang Zhou Yue Xiu Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Chow Wai Shing Daniel (in The Capacity As The Receiver)	2501 Other
Wong Chiu Yeung	2201 Interest of corporation controlled by you
Cmb Wing Lung Bank Limited	2401 A concert party to an agreement to buy shares
The Bank Of East Asia, Limited	2401 A concert party to an agreement to buy shares
Hsbc Holdings Plc	2201 Interest of corporation controlled by you
Gardner Aaron Luke (in The Capacity As The Receiver)	2501 Other
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Affluent Way International Limited	2201 Interest of corporation controlled by you
Boc Hong Kong (group) Limited	2201 Interest of corporation controlled by you
Boc Hong Kong (bvi) Limited	2201 Interest of corporation controlled by you
Bank Of China Limited	2201 Interest of corporation controlled by you

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