Syncmold Enterprise has a quick ratio of 2.05. It generally indicates good short-term financial strength.
The historical rank and industry rank for Syncmold Enterprise's Quick Ratio or its related term are showing as below:
TPE:1582'
s Quick Ratio Range Over the Past 10 Years
Min: 1.43 Med: 2.02 Max: 3.05
Current: 2.05
During the past 13 years, Syncmold Enterprise's highest Quick Ratio was 3.05. The lowest was 1.43. And the median was 2.02.
TPE:1582's Quick Ratio is ranked better than 66.48% of 2485
companies
in the Hardware industry
Industry Median: 1.48
vs TPE:1582: 2.05
Syncmold Enterprise Quick Ratio Historical Data
The historical data trend for Syncmold Enterprise'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.
Competitive Comparison of Syncmold Enterprise's Quick Ratio
For the Electronic Components subindustry, Syncmold Enterprise'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.
Syncmold Enterprise's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Syncmold Enterprise's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Syncmold Enterprise's Quick Ratio falls into.
Syncmold Enterprise 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.
Syncmold Enterprise's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Syncmold Enterprise (TPE:1582) 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.
Syncmold Enterprise Quick Ratio Related Terms
Thank you for viewing the detailed overview of Syncmold Enterprise's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Syncmold Enterprise (TPE:1582) Business Description
Syncmold Enterprise Corp is a Taiwan-based company engaged in the processing, manufacturing, trading, technology licensing and related import and export business of various metal molds, plastic molds and electronic parts. stands for LCD monitors, LCD TVs, appliances, office machines, components of medical devices, and many other electronic products. The company's customers comprise both original design manufacturers, such as Foxconn, and branded manufacturers like Dell and Philips. The company also designs and manufactures molding products. It generates almost all its revenue from markets outside of Taiwan, with mainland China contributing to majority of its revenue.
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