301596.SZ
Price:
$74.36
Market Cap:
$5.74B
Reach Machinery Co., Ltd. engages in the research, development, production, and sale of components for automation equipment, power transmission, and braking systems in China and internationally. The company offers precision transmission parts, electromagnetic brakes and clutches, harmonic reducers, couplings, expansion sleeves, and synchro wheels. Its products used in robots, automated production lines, elevators, wind power products, CNC equipment, cranes, tower cranes, electric forklifts, automated three-dimensional parking garages, high-altitude platform vehicles, other automation equipment, and high-end equipment manufacturing fields. The company was founded in 2009 and is based in Cheng...[Read more]
Industry
Auto - Parts
IPO Date
2024-05-13
Stock Exchange
SHZ
Ticker
301596.SZ
According to Reach Machinery Co Ltd’s latest financial reports and current stock price. The company's current Current Ratio is 3.55. This represents a change of -5.72% compared to the average of 3.77 of the last 4 quarters.
The mean historical Current Ratio of Reach Machinery Co Ltd over the last ten years is 1.78. The current 3.55 Current Ratio has changed 19.85% with respect to the historical average. Over the past ten years (40 quarters), 301596.SZ's Current Ratio was at its highest in in the March 2025 quarter at 4.06. The Current Ratio was at its lowest in in the March 2023 quarter at 0.
Average
1.78
Median
1.50
Minimum
0.08
Maximum
3.77
Discovering the peaks and valleys of Reach Machinery Co Ltd 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 = 1.54%
Maximum Annual Current Ratio = 3.77
Minimum Annual Increase = 0%
Minimum Annual Current Ratio = 0.08
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 3.77 | 49.74% |
| 2023 | 2.51 | 56.73% |
| 2022 | 1.60 | 15.59% |
| 2021 | 1.39 | 4.44% |
| 2020 | 1.33 | 1.54% |
The current Current Ratio of Reach Machinery Co Ltd (301596.SZ) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
2.63
5-year avg
2.12
10-year avg
1.78
Reach Machinery Co Ltd’s Current Ratio is less than Chongqing Qin'an M&E PLC. (5.75), less than Jiangyin Pivot Automotive Products Co., Ltd. (7.65), greater than Qingdao CHOHO Industrial Co., Ltd (1.37), greater than Guizhou Guihang Automotive Components Co.,Ltd (2.71), greater than Jiangsu Changshu Automotive Trim Group Co., Ltd. (0.93), less than Xuchang Yuandong Drive Shaft Co.Ltd (4.30), greater than Chengdu Xiling Power Science & Technology Incorporated Company (1.25), greater than ZYNP Corporation (1.89), greater than Jiangyin Haida Rubber And Plastic Co., Ltd. (2.31), greater than Chuzhou Duoli Automotive Technology Co., Ltd. (1.68),
| Company | Current Ratio | Market cap |
|---|---|---|
| 5.75 | $8.22B | |
| 7.65 | $4.40B | |
| 1.37 | $4.78B | |
| 2.71 | $5.90B | |
| 0.93 | $5.75B | |
| 4.30 | $5.56B | |
| 1.25 | $5.37B | |
| 1.89 | $6.41B | |
| 2.31 | $5.79B | |
| 1.68 | $6.91B |
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