603856.SS
Price:
$12.48
Market Cap:
$3.52B
Shandong Donghong Pipe Industry Co., Ltd. engages in the research, development, manufacture, and servicing of pipeline systems in China. It offers SRTP piping systems, polyethylene composite piping systems, PVC pipes systems, insulation pipe, and anti-corrosion metal pipes, as well as pipe connections. The company also develops and produces materials, such as adhesive resin, polyolefin wear-resistant, 3PE pipeline corrosion protection, epoxy resin anti-corrosion powder, phosphorus flame retardant, anti-static flame-retardant polyethylene, and pipe auxiliary materials for pipes. In addition, it provides engineering pipeline products, which are used in national municipal, water conservancy, in...[Read more]
Industry
Construction
IPO Date
2017-11-06
Stock Exchange
SHH
Ticker
603856.SS
According to Shandong Donghong Pipe Industry Co., Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 3.55. This represents a change of 11.05% compared to the average of 3.19 of the last 4 quarters.
The mean historical Current Ratio of Shandong Donghong Pipe Industry Co., Ltd. over the last ten years is 3.29. The current 3.55 Current Ratio has changed 10.67% with respect to the historical average. Over the past ten years (40 quarters), 603856.SS's Current Ratio was at its highest in in the September 2019 quarter at 6.07. The Current Ratio was at its lowest in in the September 2016 quarter at 0.
Average
3.29
Median
2.59
Minimum
1.76
Maximum
6.01
Discovering the peaks and valleys of Shandong Donghong Pipe Industry 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 = 84.23%
Maximum Annual Current Ratio = 6.01
Minimum Annual Increase = -48.71%
Minimum Annual Current Ratio = 1.76
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.49 | 23.87% |
| 2023 | 2.01 | 5.23% |
| 2022 | 1.91 | 8.35% |
| 2021 | 1.76 | -34.58% |
| 2020 | 2.69 | -48.71% |
| 2019 | 5.25 | -2.36% |
| 2018 | 5.38 | -10.54% |
| 2017 | 6.01 | 84.23% |
| 2016 | 3.26 | 50.24% |
| 2015 | 2.17 | 22.85% |
The current Current Ratio of Shandong Donghong Pipe Industry Co., Ltd. (603856.SS) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
2.14
5-year avg
2.17
10-year avg
3.29
Shandong Donghong Pipe Industry Co., Ltd.’s Current Ratio is greater than Ningxia Qinglong Pipes Industry Group Co., Ltd. (1.67), greater than Shandong Yabo Technology Co., Ltd (1.28), greater than Shandong Longquan Pipeline Engineering Co.,LTD (2.08), greater than Jiangxi GETO New Materials Corporation Limited (0.91), greater than Shenzhen Cheng Chung Design Co., Ltd. (1.82), greater than Zhejiang Langdi Group Co., Ltd. (1.57), greater than Zhejiang Youpon Integrated Ceiling Co.,Ltd. (1.14), greater than Sinomach General Machinery Science & Technology Co., Ltd. (1.87), greater than Winstech Precision Holding Co., Ltd. (2.68), less than Shenzhen TVT Digital Technology Co., Ltd. (4.18),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.67 | $3.53B | |
| 1.28 | $3.56B | |
| 2.08 | $2.94B | |
| 0.91 | $2.62B | |
| 1.82 | $4.14B | |
| 1.57 | $4.02B | |
| 1.14 | $3.91B | |
| 1.87 | $2.72B | |
| 2.68 | $3.58B | |
| 4.18 | $3.53B |
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