Glory Quick Ratio from 2010 to 2024

GSMGW Stock  USD 0  0.0002  15.38%   
Glory Star Quick Ratio yearly trend continues to be fairly stable with very little volatility. Quick Ratio will likely drop to 2.54 in 2024. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
5.03
Current Value
2.54
Quarterly Volatility
1.84291898
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Glory Star financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Glory Star's main balance sheet or income statement drivers, such as Tax Provision of 58 K, Net Interest Income of 3.1 K or Depreciation And Amortization of 4.4 M, as well as many indicators such as Price To Sales Ratio of 0.32, Dividend Yield of 0.0 or PTB Ratio of 0.29. Glory financial statements analysis is a perfect complement when working with Glory Star Valuation or Volatility modules.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Latest Glory Star's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Glory Star New over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Glory Star's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Glory Star's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Slightly volatile
   Quick Ratio   
       Timeline  

Glory Quick Ratio Regression Statistics

Arithmetic Mean2.06
Geometric Mean1.38
Coefficient Of Variation89.30
Mean Deviation1.59
Median0.61
Standard Deviation1.84
Sample Variance3.40
Range4.9755
R-Value0.82
Mean Square Error1.20
R-Squared0.67
Significance0.0002
Slope0.34
Total Sum of Squares47.55

Glory Quick Ratio History

2024 2.54
2023 5.03
2022 5.59
2021 4.44
2020 2.97
2019 3.71
2018 1.79

About Glory Star Financial Statements

Glory Star investors use historical fundamental indicators, such as Glory Star's Quick Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Glory Star. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Quick Ratio 5.03  2.54 

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Additional Tools for Glory Stock Analysis

When running Glory Star's price analysis, check to measure Glory Star's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Glory Star is operating at the current time. Most of Glory Star's value examination focuses on studying past and present price action to predict the probability of Glory Star's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glory Star's price. Additionally, you may evaluate how the addition of Glory Star to your portfolios can decrease your overall portfolio volatility.