8471.HK
Price:
$0.157
Market Cap:
$174.70M
Reach New Holdings Limited, together with its subsidiaries, manufactures and supplies labeling products and garment accessories in the People's Republic of China. It offers printed products, as well as woven and printed labels. The company also sources and sells other garment accessories comprising tapes, hanging tablets, string locks, leather badges, buttons, and metal products. It serves garment brand companies, sourcing companies, and garment manufacturers. The company was incorporated in 2016 and is headquartered in Huizhou, China. Reach New Holdings Limited is a subsidiary of Neo Concept Holdings Limited.
Industry
Apparel - Manufacturers
IPO Date
2017-07-21
Stock Exchange
HKSE
Ticker
8471.HK
According to Reach New Holdings Limited’s latest financial reports and current stock price. The company's current Current Ratio is 3.53. This represents a change of 4.90% compared to the average of 3.37 of the last 4 quarters.
The mean historical Current Ratio of Reach New Holdings Limited over the last ten years is 4.06. The current 3.53 Current Ratio has changed 8.61% with respect to the historical average. Over the past ten years (40 quarters), 8471.HK's Current Ratio was at its highest in in the December 2019 quarter at 7.54. The Current Ratio was at its lowest in in the September 2015 quarter at 0.
Average
4.06
Median
4.02
Minimum
1.34
Maximum
7.54
Discovering the peaks and valleys of Reach New Holdings 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 = 115.77%
Maximum Annual Current Ratio = 7.54
Minimum Annual Increase = -40.70%
Minimum Annual Current Ratio = 1.34
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 3.20 | -6.71% |
| 2023 | 3.43 | -12.33% |
| 2022 | 3.92 | -5.14% |
| 2021 | 4.13 | -7.62% |
| 2020 | 4.47 | -40.70% |
| 2019 | 7.54 | 28.18% |
| 2018 | 5.88 | 28.96% |
| 2017 | 4.56 | 115.77% |
| 2016 | 2.11 | 57.25% |
The current Current Ratio of Reach New Holdings Limited (8471.HK) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
3.52
5-year avg
3.83
10-year avg
4.06
Reach New Holdings Limited’s Current Ratio is less than Casablanca Group Limited (3.61), greater than China Partytime Culture Holdings Limited (2.33), greater than i.century Holding Limited (0.92), less than Huicheng International Holdings Limited (3.93), greater than Cirtek Holdings Limited (1.56), less than Yangtzekiang Garment Limited (7.34), greater than Luen Thai Holdings Limited (1.08), less than Hang Pin Living Technology Company Limited (11.63), greater than Kam Hing International Holdings Limited (1.54), greater than Win Hanverky Holdings Limited (1.32),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.61 | $149.56M | |
| 2.33 | $209.64M | |
| 0.92 | $204.00M | |
| 3.93 | $120.59M | |
| 1.56 | $202.59M | |
| 7.34 | $169.53M | |
| 1.08 | $229.57M | |
| 11.63 | $158.76M | |
| 1.54 | $177.46M | |
| 1.32 | $292.84M |
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