688697.SS
Price:
$15.38
Market Cap:
$7.03B
Neway CNC Equipment (Suzhou) Co., Ltd. manufactures industrial machinery worldwide. The company produces numerically-controlled machine tools, numerical control systems, actuating devices, and other products. It also provides after sales and other services. The company was founded in 1997 and is based in Suzhou, China.
Industry
Industrial - Machinery
IPO Date
2021-09-17
Stock Exchange
SHH
Ticker
688697.SS
According to Neway CNC Equipment (Suzhou) Co., Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.36. This represents a change of -4.17% compared to the average of 1.42 of the last 4 quarters.
The mean historical Current Ratio of Neway CNC Equipment (Suzhou) Co., Ltd. over the last ten years is 1.28. The current 1.36 Current Ratio has changed 10.47% with respect to the historical average. Over the past ten years (40 quarters), 688697.SS's Current Ratio was at its highest in in the March 2022 quarter at 1.60. The Current Ratio was at its lowest in in the September 2020 quarter at 0.
Average
1.28
Median
1.32
Minimum
0.97
Maximum
1.52
Discovering the peaks and valleys of Neway CNC Equipment (Suzhou) 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 = 30.19%
Maximum Annual Current Ratio = 1.52
Minimum Annual Increase = -2.94%
Minimum Annual Current Ratio = 0.97
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.48 | -2.94% |
| 2023 | 1.52 | 2.12% |
| 2022 | 1.49 | -2.26% |
| 2021 | 1.52 | 30.19% |
| 2020 | 1.17 | 6.25% |
| 2019 | 1.10 | 9.11% |
| 2018 | 1.01 | 4.14% |
The current Current Ratio of Neway CNC Equipment (Suzhou) Co., Ltd. (688697.SS) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages
3-year avg
1.50
5-year avg
1.44
10-year avg
1.28
Neway CNC Equipment (Suzhou) Co., Ltd.’s Current Ratio is less than Jiangsu Shentong Valve Co., Ltd. (1.57), less than Sinoseal Holding Co., Ltd. (3.96), greater than Hangzhou Advance Gearbox Group Co., Ltd. (1.18), less than Guangzhou KDT Machinery Co.,Ltd. (3.75), greater than J.S. Corrugating Machinery Co., Ltd. (1.30), less than Longhua Technology Group Co.,Ltd. (1.95), less than Sanchuan Wisdom Technology Co., Ltd. (4.74), less than Shandong Weida Machinery Co., Ltd. (3.68), less than Hunan Yujing Machinery Co.,Ltd (1.41), less than Allied Machinery Co., Ltd. (2.96),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.57 | $7.48B | |
| 3.96 | $7.41B | |
| 1.18 | $6.94B | |
| 3.75 | $7.05B | |
| 1.30 | $7.79B | |
| 1.95 | $7.17B | |
| 4.74 | $6.84B | |
| 3.68 | $7.26B | |
| 1.41 | $6.70B | |
| 2.96 | $9.11B |
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What is the 5-year average Current Ratio for Neway CNC Equipment (Suzhou) Co., Ltd. (688697.SS)?
How does the current Current Ratio for Neway CNC Equipment (Suzhou) Co., Ltd. (688697.SS) compare to its historical average?