2488.HK
Price:
$8.45
Market Cap:
$3.19B
Launch Tech Company Limited, together with its subsidiaries, provides products and services to the automotive aftermarket and the automobile industry in the People's Republic of China and internationally. It operates through three segments: Automotive Diagnosis, Lift, and Overseas Sales. The company is involved in the research and development, production, and sale of car diagnosis, testing, and maintenance equipment; development, production, and sale of automotive diagnosis, inspection, repair, and maintenance software; development, production, and sale of auto electronic products; and provision of information network services. It also provides consulting services of electronic products and ...[Read more]
Industry
Auto - Parts
IPO Date
2002-10-07
Stock Exchange
HKSE
Ticker
2488.HK
According to Launch Tech Company Limited’s latest financial reports and current stock price. The company's current Current Ratio is 1.81. This represents a change of -4.03% compared to the average of 1.89 of the last 4 quarters.
The mean historical Current Ratio of Launch Tech Company Limited over the last ten years is 1.56. The current 1.81 Current Ratio has changed 11.52% with respect to the historical average. Over the past ten years (40 quarters), 2488.HK's Current Ratio was at its highest in in the June 2023 quarter at 2.30. The Current Ratio was at its lowest in in the June 2015 quarter at 0.98.
Average
1.56
Median
1.44
Minimum
1.14
Maximum
2.10
Discovering the peaks and valleys of Launch Tech Company Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 68.08%
Maximum Annual Current Ratio = 2.10
Minimum Annual Increase = -27.18%
Minimum Annual Current Ratio = 1.14
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.10 | 2.18% |
| 2023 | 2.05 | 3.98% |
| 2022 | 1.97 | 68.08% |
| 2021 | 1.17 | 3.47% |
| 2020 | 1.14 | -3.17% |
| 2019 | 1.17 | -27.18% |
| 2018 | 1.61 | -17.94% |
| 2017 | 1.96 | 54.17% |
| 2016 | 1.27 | 8.46% |
| 2015 | 1.17 | 18.91% |
The current Current Ratio of Launch Tech Company Limited (2488.HK) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
2.04
5-year avg
1.69
10-year avg
1.56
Launch Tech Company Limited’s Current Ratio is less than Xin Point Holdings Limited (2.29), greater than Xingda International Holdings Limited (1.00), greater than Prinx Chengshan Holdings Limited (1.56), greater than Best Pacific International Holdings Limited (1.74), less than China Lilang Limited (1.94), greater than Deewin Tianxia Co., Ltd (1.22), greater than Tan Chong International Limited (1.11), greater than Café de Coral Holdings Limited (0.83), less than Wing On Company International Limited (9.07), greater than Intron Technology Holdings Limited (1.44),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.29 | $3.86B | |
| 1.00 | $2.49B | |
| 1.56 | $4.94B | |
| 1.74 | $3.33B | |
| 1.94 | $4.05B | |
| 1.22 | $4.71B | |
| 1.11 | $3.83B | |
| 0.83 | $3.21B | |
| 9.07 | $3.78B | |
| 1.44 | $2.18B |
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