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Guangdong Great River Smarter Logistics Co (SZSE:002930) Quick Ratio : 1.00 (As of Mar. 2024)


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What is Guangdong Great River Smarter Logistics Co 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. Guangdong Great River Smarter Logistics Co's quick ratio for the quarter that ended in Mar. 2024 was 1.00.

Guangdong Great River Smarter Logistics Co has a quick ratio of 1.00. It generally indicates good short-term financial strength.

The historical rank and industry rank for Guangdong Great River Smarter Logistics Co's Quick Ratio or its related term are showing as below:

SZSE:002930' s Quick Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.84   Max: 4.34
Current: 1

During the past 11 years, Guangdong Great River Smarter Logistics Co's highest Quick Ratio was 4.34. The lowest was 0.24. And the median was 0.84.

SZSE:002930's Quick Ratio is ranked worse than
64.32% of 981 companies
in the Transportation industry
Industry Median: 1.25 vs SZSE:002930: 1.00

Guangdong Great River Smarter Logistics Co Quick Ratio Historical Data

The historical data trend for Guangdong Great River Smarter Logistics 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.

Guangdong Great River Smarter Logistics Co Quick Ratio Chart

Guangdong Great River Smarter Logistics Co 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 0.48 1.99 1.28 0.49 0.54

Guangdong Great River Smarter Logistics Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.61 0.69 0.78 0.54 1.00

Competitive Comparison of Guangdong Great River Smarter Logistics Co's Quick Ratio

For the Marine Shipping subindustry, Guangdong Great River Smarter Logistics 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.


Guangdong Great River Smarter Logistics Co's Quick Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Guangdong Great River Smarter Logistics Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Guangdong Great River Smarter Logistics Co's Quick Ratio falls into.



Guangdong Great River Smarter Logistics 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.

Guangdong Great River Smarter Logistics Co'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
=(894.659-7.821)/1635.045
=0.54

Guangdong Great River Smarter Logistics Co's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1633.376-9.341)/1618.84
=1.00

* 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.


Guangdong Great River Smarter Logistics Co  (SZSE:002930) 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.


Guangdong Great River Smarter Logistics Co Quick Ratio Related Terms

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Guangdong Great River Smarter Logistics Co (SZSE:002930) Business Description

Traded in Other Exchanges
N/A
Address
South Bank of Danshui Estuary, 3rd Floor, Administrative Building, Sanjiang Company, Shatian Town, Guangdong Province, Dongguan City, CHN, 523000
Guangdong Great River Smarter Logistics Co Ltd operates as a logistics company. The firm provides warehouse, loading, unloading, barrel filling, and value-added services for petrochemical products. Its Logistics chain management services include operation of terminals, warehousing, international sea freight forwarding, land international freight forwarding, domestic freight forwarding, and warehousing agents. Its transit and other services mainly include services such as transfer, transfer, direct unloading of ships and ships, and replenishment of ships.
Executives
Lin Hai Chuan Directors, executives
Gan Yi Directors, executives
Li Xiao Li Executives
Huang Yun Tao Directors, executives
Liu Yan Supervisors
Zhong Xiao Supervisors

Guangdong Great River Smarter Logistics Co (SZSE:002930) Headlines

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