688308.SS
Price:
$29.66
Market Cap:
$4.67B
OKE Precision Cutting Tools Co., Ltd. engages in the research, development, production, and sale of cemented carbide and CNC cutting tool products. The company offers cutting tools, such as turning, milling, and drilling tools; carbide saw tips for wood, metal, grass, and band applications; and solid carbide saw discs. It also provides other products comprising carbide mould materials, carbide rods, carbide end mill tips for woodworking, carbide scrapers for circular saw blades, carbide finger joint cutters, TC bearings, carbide tips for drill bits, and strips and plates. The company was founded in 1996 and is headquartered in Zhuzhou, China.
Industry
Manufacturing - Tools & Accessories
IPO Date
2020-12-10
Stock Exchange
SHH
Ticker
688308.SS
According to OKE Precision Cutting Tools Co., Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.84. This represents a change of 4.85% compared to the average of 1.75 of the last 4 quarters.
The mean historical Current Ratio of OKE Precision Cutting Tools Co., Ltd. over the last ten years is 2.64. The current 1.84 Current Ratio has changed 6.85% with respect to the historical average. Over the past ten years (40 quarters), 688308.SS's Current Ratio was at its highest in in the December 2020 quarter at 4.31. The Current Ratio was at its lowest in in the September 2019 quarter at 0.
Average
2.64
Median
2.53
Minimum
1.72
Maximum
4.31
Discovering the peaks and valleys of OKE Precision Cutting Tools 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 = 84.36%
Maximum Annual Current Ratio = 4.31
Minimum Annual Increase = -39.39%
Minimum Annual Current Ratio = 1.72
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.72 | -5.03% |
| 2023 | 1.81 | -39.39% |
| 2022 | 2.98 | 1.39% |
| 2021 | 2.94 | -31.77% |
| 2020 | 4.31 | 84.36% |
| 2019 | 2.34 | -5.75% |
| 2018 | 2.48 | -3.55% |
The current Current Ratio of OKE Precision Cutting Tools Co., Ltd. (688308.SS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
2.17
5-year avg
2.75
10-year avg
2.64
OKE Precision Cutting Tools Co., Ltd.’s Current Ratio is less than Shandong Tengda Fa (2.04), less than Gem-Year Industrial Co.,Ltd. (4.26), less than Zhejiang Huaye Plastics Machinery Co., Ltd. (3.24), greater than Bichamp Cutting Technology (Hunan) Co., Ltd. (1.77), less than Ningbo Ligong Environment And Energy Technology Co.,Ltd (3.71), less than Shenzhen Jasic Technology Co.,Ltd. (3.15), greater than Shareate Tools Ltd. (1.55), greater than Beijing Dinghan Technology Group Co.Ltd (1.30), less than Bosun Co., Ltd. (6.53), less than Daqian Ecology&Environment Group Co.,Ltd. (2.10),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.04 | $4.63B | |
| 4.26 | $4.87B | |
| 3.24 | $4.11B | |
| 1.77 | $4.70B | |
| 3.71 | $4.38B | |
| 3.15 | $4.38B | |
| 1.55 | $7.08B | |
| 1.30 | $4.77B | |
| 6.53 | $4.02B | |
| 2.10 | $4.03B |
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